The Hartford Emerging Fund Market Value
| HLDAX Fund | USD 4.58 0.01 0.22% |
| Symbol | Hartford |
Hartford Emerging '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 Emerging'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 Emerging.
| 06/16/2024 |
| 12/13/2024 |
If you would invest 0.00 in Hartford Emerging on June 16, 2024 and sell it all today you would earn a total of 0.00 from holding The Hartford Emerging or generate 0.0% return on investment in Hartford Emerging over 180 days. Hartford Emerging is related to or competes with Guidepath Managed, Deutsche Global, Guggenheim Managed, Federated Hermes, Fidelity Sai, Goldman Sachs, and Blackrock Inflation. The fund will normally invest at least 80 percent of its assets in local currency-denominated emerging markets debt secu... More
Hartford Emerging 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 Emerging'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 Emerging upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.40) | |||
| Maximum Drawdown | 1.73 | |||
| Value At Risk | (0.65) | |||
| Potential Upside | 0.6316 |
Hartford Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Emerging's standard deviation. In reality, there are many statistical measures that can use Hartford Emerging historical prices to predict the future Hartford Emerging's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 20.15 |
Hartford Emerging Backtested Returns
Hartford Emerging holds Efficiency (Sharpe) Ratio of -0.19, which attests that the entity had a -0.19% return per unit of risk over the last 3 months. Hartford Emerging exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hartford Emerging's Market Risk Adjusted Performance of 20.16, risk adjusted performance of (0.11), and Standard Deviation of 0.3826 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of -0.0032, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hartford Emerging are expected to decrease at a much lower rate. During the bear market, Hartford Emerging is likely to outperform the market.
Auto-correlation | -0.9 |
Excellent reverse predictability
The Hartford Emerging has excellent reverse predictability. Overlapping area represents the amount of predictability between Hartford Emerging time series from 16th of June 2024 to 14th of September 2024 and 14th of September 2024 to 13th 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 Emerging price movement. The serial correlation of -0.9 indicates that approximately 90.0% of current Hartford Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.9 | |
| Spearman Rank Test | -0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Hartford Emerging lagged returns against current returns
Autocorrelation, which is Hartford Emerging 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 Emerging's mutual fund expected returns. We can calculate the autocorrelation of Hartford Emerging returns to help us make a trade decision. For example, suppose you find that Hartford Emerging 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 Emerging 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 Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Emerging 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 Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hartford Emerging Lagged Returns
When evaluating Hartford Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Emerging mutual fund have on its future price. Hartford Emerging 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 Emerging autocorrelation shows the relationship between Hartford Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Hartford Emerging.
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 Emerging 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 Emerging security.
| CEOs Directory Screen CEOs from public companies around the world | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |