The Hartford International Fund Market Value
| IHOAX Fund | USD 19.26 0.15 0.78% |
| Symbol | Hartford |
Hartford International '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 International'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 International.
| 09/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Hartford International on September 13, 2024 and sell it all today you would earn a total of 0.00 from holding The Hartford International or generate 0.0% return on investment in Hartford International over 90 days. Hartford International is related to or competes with Hartford Dividend, Hartford Small, Hartford Equity, Hartford Midcap, and Hartford Total. The fund normally invests at least 65 percent of its net assets in equity securities, including non-dollar securities, o... More
Hartford International 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 International'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 International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8298 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 4.29 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.28 |
Hartford International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford International's standard deviation. In reality, there are many statistical measures that can use Hartford International historical prices to predict the future Hartford International's volatility.| Risk Adjusted Performance | 0.0559 | |||
| Jensen Alpha | 0.0026 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.1206 |
Hartford International Backtested Returns
At this stage we consider Hartford Mutual Fund to be very steady. Hartford International holds Efficiency (Sharpe) Ratio of 0.0421, which attests that the entity had a 0.0421% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hartford International, which you can use to evaluate the volatility of the entity. Please check out Hartford International's Downside Deviation of 0.8298, market risk adjusted performance of 0.1306, and Risk Adjusted Performance of 0.0559 to validate if the risk estimate we provide is consistent with the expected return of 0.034%. The fund retains a Market Volatility (i.e., Beta) of 0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hartford International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hartford International is expected to be smaller as well.
Auto-correlation | -0.45 |
Modest reverse predictability
The Hartford International has modest reverse predictability. Overlapping area represents the amount of predictability between Hartford International time series from 13th of September 2024 to 28th of October 2024 and 28th of October 2024 to 12th 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 International price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Hartford International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Hartford International lagged returns against current returns
Autocorrelation, which is Hartford International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Hartford International returns to help us make a trade decision. For example, suppose you find that Hartford International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hartford International Lagged Returns
When evaluating Hartford International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford International mutual fund have on its future price. Hartford International 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 International autocorrelation shows the relationship between Hartford International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Hartford International.
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 International 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 International security.
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