Hartford Mutual Fund Alpha and Beta Analysis

HMVAX -  USA Fund  

USD 18.38  0.04  0.22%

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as The Hartford Mid. It also helps investors analyze the systematic and unsystematic risks associated with investing in Hartford Mid over a specified time horizon. Remember, high Hartford Mid's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Please check Hartford Mid Backtesting, Portfolio Optimization, Hartford Mid Correlation, Hartford Mid Hype Analysis, Hartford Mid Volatility, Hartford Mid History and analyze Hartford Mid Performance.

Hartford Beta 

 
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Please note that although Hartford Mid alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Hartford Mid did 0.06  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of The Hartford Mid fund's relative risk over its benchmark. Hartford Mid has a beta of 0.99  . Let's try to break down what Hartford's beta means in this case. Hartford Mid returns are very sensitive to returns on the market. As the market goes up or down, Hartford Mid is expected to follow.
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Hartford Mid Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Hartford Mid market risk premium is the additional return an investor will receive from holding Hartford Mid long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Hartford Mid. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Hartford Mid's performance over market.
α0.06   β0.99
90 days against DJI

Hartford Mid expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Hartford Mid's Buy-and-hold return. Our buy-and-hold chart shows how Hartford Mid performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Hartford Mid Market Price Analysis

Market price analysis indicators help investors to evaluate how Hartford Mid mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hartford Mid shares will generate the highest return on investment. By understating and applying Hartford Mid mutual fund market price indicators, traders can identify Hartford Mid position entry and exit signals to maximize returns.

Hartford Mid Return and Market Media

The median price of Hartford Mid for the period between Sat, Jul 24, 2021 and Fri, Oct 22, 2021 is 17.55 with a coefficient of variation of 1.52. The daily time series for the period is distributed with a sample standard deviation of 0.27, arithmetic mean of 17.56, and mean deviation of 0.21. The Fund did not receive any noticable media coverage during the period.
 Price Growth (%)  
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About Hartford Mid Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in Hartford Mid has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.

Hartford Mid Investors Sentiment

The influence of Hartford Mid's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Hartford. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - HMVAX

Hartford Mid Investor Sentiment

Macroaxis portfolio users are indifferent in their judgment towards investing in The Hartford Mid. What is your judgment towards investing in The Hartford Mid? Are you bullish or bearish?
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Please check Hartford Mid Backtesting, Portfolio Optimization, Hartford Mid Correlation, Hartford Mid Hype Analysis, Hartford Mid Volatility, Hartford Mid History and analyze Hartford Mid Performance. Note that the Hartford Mid information on this page should be used as a complementary analysis to other Hartford Mid's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for Hartford Mutual Fund analysis

When running Hartford Mid price analysis, check to measure Hartford Mid's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hartford Mid is operating at the current time. Most of Hartford Mid's value examination focuses on studying past and present price action to predict the probability of Hartford Mid's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Hartford Mid's price. Additionally, you may evaluate how the addition of Hartford Mid to your portfolios can decrease your overall portfolio volatility.
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Hartford Mid technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Hartford Mid technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Hartford Mid trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...