Hartford Growth Opportunities Fund Market Value
| HGOTX Fund | USD 74.87 0.38 0.51% |
| Symbol | Hartford |
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.
| 11/09/2024 |
| 12/09/2024 |
If you would invest 0.00 in Hartford Growth on November 9, 2024 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 30 days. Hartford Growth is related to or competes with Energy Basic, Transamerica Mlp, Ivy Natural, Fidelity Advisor, Oil Gas, and Energy Fund. 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.
| Downside Deviation | 1.36 | |||
| Information Ratio | 0.1304 | |||
| Maximum Drawdown | 5.58 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 2.09 |
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.| Risk Adjusted Performance | 0.1967 | |||
| Jensen Alpha | 0.1573 | |||
| Total Risk Alpha | 0.0811 | |||
| Sortino Ratio | 0.1033 | |||
| Treynor Ratio | 0.3118 |
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.
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 0.3, 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 Oppo, which you can use to evaluate the volatility of the entity. Please utilize Hartford Growth's Risk Adjusted Performance of 0.1967, downside deviation of 1.36, and Market Risk Adjusted Performance of 0.3218 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 | 0.06 |
Virtually no predictability
Hartford Growth Opportunities has virtually no predictability. Overlapping area represents the amount of predictability between Hartford Growth time series from 9th of November 2024 to 24th of November 2024 and 24th of November 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 Oppo price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Hartford Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 1.66 |
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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