Hartford Growth Opportunities Fund Market Value

HGOTX Fund  USD 74.87  0.38  0.51%   
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 Hartford Growth Opportunities investors about its performance. Hartford Growth is trading at 74.87 as of the 6th of December 2024; that is 0.51% increase since the beginning of the trading day. The fund's open price was 74.49.
With this module, you can estimate the performance of a buy and hold strategy of Hartford Growth Opportunities 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
01/16/2023
No Change 0.00  0.0 
In 1 year 10 months and 22 days
12/06/2024
0.00
If you would invest  0.00  in Hartford Growth on January 16, 2023 and sell it all today you would earn a total of 0.00 from holding Hartford Growth Opportunities or generate 0.0% return on investment in Hartford Growth over 690 days. Hartford Growth is related to or competes with Qs Us, Locorr Dynamic, Summit Global, Gmo Global, Scharf Balanced, and Qs Small. 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 Hartford Growth Opportunities 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hartford Growth's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
73.4874.4975.50
Details
Intrinsic
Valuation
LowRealHigh
67.0479.7580.76
Details
Naive
Forecast
LowNextHigh
74.1975.2076.21
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
72.3773.9675.56
Details

Hartford Growth Oppo Backtested Returns

Hartford Growth appears to be very steady, given 3 months investment horizon. Hartford Growth Oppo holds Efficiency (Sharpe) Ratio of 0.31, which attests that the entity had a 0.31% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hartford Growth Oppo, which you can use to evaluate the volatility of the entity. Please utilize Hartford Growth's Risk Adjusted Performance of 0.1947, market risk adjusted performance of 0.3183, 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

    
  0.83  

Very good predictability

Hartford Growth Opportunities has very good predictability. Overlapping area represents the amount of predictability between Hartford Growth time series from 16th of January 2023 to 27th of December 2023 and 27th of December 2023 to 6th 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 Oppo price movement. The serial correlation of 0.83 indicates that around 83.0% of current Hartford Growth price fluctuation can be explain by its past prices.
Correlation Coefficient0.83
Spearman Rank Test0.75
Residual Average0.0
Price Variance30.22

Hartford Growth Oppo 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 Hartford Growth Opportunities.
   Regressed Prices   
       Timeline  

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

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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