The Hartford Growth Fund Market Value

HGOIX Fund  USD 68.11  0.35  0.52%   
Hartford Growth's market value is the price at which a share of Hartford Growth trades on a public exchange. It measures the collective expectations of The Hartford Growth investors about its performance. Hartford Growth is trading at 68.11 as of the 9th of December 2024; that is 0.52 percent increase since the beginning of the trading day. The fund's open price was 67.76.
With this module, you can estimate the performance of a buy and hold strategy of The Hartford Growth and determine expected loss or profit from investing in Hartford Growth over a given investment horizon. Check out Hartford Growth Correlation, Hartford Growth Volatility and Hartford Growth Alpha and Beta module to complement your research on Hartford Growth.
Symbol

Please note, there is a significant difference between Hartford Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hartford Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hartford Growth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Hartford Growth 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Hartford Growth's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Hartford Growth.
0.00
07/18/2023
No Change 0.00  0.0 
In 1 year 4 months and 25 days
12/09/2024
0.00
If you would invest  0.00  in Hartford Growth on July 18, 2023 and sell it all today you would earn a total of 0.00 from holding The Hartford Growth or generate 0.0% return on investment in Hartford Growth over 510 days. Hartford Growth is related to or competes with Goldman Sachs, Mfs Technology, Blackrock Science, Baron Select, and Allianzgi Technology. The fund invests primarily in a diversified portfolio of common stocks covering a broad range of industries, companies a... More

Hartford Growth Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Hartford Growth's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess The Hartford Growth upside and downside potential and time the market with a certain degree of confidence.

Hartford Growth Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Growth's standard deviation. In reality, there are many statistical measures that can use Hartford Growth historical prices to predict the future Hartford Growth's volatility.
Hype
Prediction
LowEstimatedHigh
67.1168.1169.11
Details
Intrinsic
Valuation
LowRealHigh
61.3072.5373.53
Details
Naive
Forecast
LowNextHigh
67.8768.8769.87
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
62.5765.4268.26
Details

Hartford Growth Backtested Returns

Hartford Growth appears to be very steady, given 3 months investment horizon. Hartford Growth holds Efficiency (Sharpe) Ratio of 0.3, which attests that the entity had a 0.3% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hartford Growth, which you can use to evaluate the volatility of the entity. Please utilize Hartford Growth's Market Risk Adjusted Performance of 0.322, risk adjusted performance of 0.1969, and Downside Deviation of 1.36 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 0.87, which attests to possible diversification benefits within a given portfolio. Hartford Growth returns are very sensitive to returns on the market. As the market goes up or down, Hartford Growth is expected to follow.

Auto-correlation

    
  0.72  

Good predictability

The Hartford Growth has good predictability. Overlapping area represents the amount of predictability between Hartford Growth time series from 18th of July 2023 to 29th of March 2024 and 29th of March 2024 to 9th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hartford Growth price movement. The serial correlation of 0.72 indicates that around 72.0% of current Hartford Growth price fluctuation can be explain by its past prices.
Correlation Coefficient0.72
Spearman Rank Test0.69
Residual Average0.0
Price Variance15.2

Hartford Growth lagged returns against current returns

Autocorrelation, which is Hartford Growth mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Hartford Growth's mutual fund expected returns. We can calculate the autocorrelation of Hartford Growth returns to help us make a trade decision. For example, suppose you find that Hartford Growth has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Hartford Growth regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Hartford Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hartford Growth mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Hartford Growth Lagged Returns

When evaluating Hartford Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Growth mutual fund have on its future price. Hartford Growth autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Hartford Growth autocorrelation shows the relationship between Hartford Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Hartford Growth.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Hartford Mutual Fund

Hartford Growth financial ratios help investors to determine whether Hartford Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hartford with respect to the benefits of owning Hartford Growth security.
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