Hartford Municipal Opportunities Etf Performance
| HMOP Etf | USD 38.25 0.13 0.34% |
The etf retains a Market Volatility (i.e., Beta) of 0.0381, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hartford Municipal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hartford Municipal is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Hartford Municipal Opportunities has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable basic indicators, Hartford Municipal is not utilizing all of its potentials. The newest stock price agitation, may contribute to short-term losses for the retail investors. ...more
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| In Threey Sharp Ratio | -0.39 |
Hartford |
Hartford Municipal Relative Risk vs. Return Landscape
If you would invest 3,842 in Hartford Municipal Opportunities on December 28, 2024 and sell it today you would lose (17.00) from holding Hartford Municipal Opportunities or give up 0.44% of portfolio value over 90 days. Hartford Municipal Opportunities is currently does not generate positive expected returns and assumes 0.2047% risk (volatility on return distribution) over the 90 days horizon. In different words, 1% of etfs are less volatile than Hartford, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Hartford Municipal Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Municipal's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Hartford Municipal Opportunities, and traders can use it to determine the average amount a Hartford Municipal's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0351
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | HMOP |
Estimated Market Risk
| 0.2 actual daily | 1 99% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Hartford Municipal is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Hartford Municipal by adding Hartford Municipal to a well-diversified portfolio.
Hartford Municipal Fundamentals Growth
Hartford Etf prices reflect investors' perceptions of the future prospects and financial health of Hartford Municipal, and Hartford Municipal fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Hartford Etf performance.
| Total Asset | 284.94 M | |||
About Hartford Municipal Performance
Assessing Hartford Municipal's fundamental ratios provides investors with valuable insights into Hartford Municipal's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Hartford Municipal is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
The fund invests in investment grade and non-investment grade municipal securities that the sub-adviser considers to be attractive from a yield perspective while considering total return. Hartford Municipal is traded on NYSEARCA Exchange in the United States.| Hartford Municipal generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: Learn to Evaluate using the Charts - Stock Traders Daily | |
| The fund retains most of the assets under management (AUM) in different types of exotic instruments. |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hartford Municipal Opportunities. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
The market value of Hartford Municipal is measured differently than its book value, which is the value of Hartford that is recorded on the company's balance sheet. Investors also form their own opinion of Hartford Municipal's value that differs from its market value or its book value, called intrinsic value, which is Hartford Municipal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hartford Municipal's market value can be influenced by many factors that don't directly affect Hartford Municipal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hartford Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hartford Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hartford Municipal'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.