The Hartford International Fund Market Value
| HNCSX Fund | USD 17.03 0.00 0.00% |
| 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.
| 10/26/2022 |
| 04/18/2024 |
If you would invest 0.00 in Hartford International on October 26, 2022 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 540 days. The fund seeks to achieve its investment objective by investing in companies that Wellington Management Company LLP beli... 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 | 0.8864 | |||
| Information Ratio | 0.0451 | |||
| Maximum Drawdown | 3.93 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 1.38 |
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 | 0.0748 | |||
| Jensen Alpha | 0.0775 | |||
| Total Risk Alpha | 0.0241 | |||
| Sortino Ratio | 0.0402 | |||
| Treynor Ratio | 1.02 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hartford International'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 International Backtested Returns
We consider Hartford International very steady. Hartford International holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-four 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 0.8864, risk adjusted performance of 0.0748, and Market Risk Adjusted Performance of 1.03 to validate if the risk estimate we provide is consistent with the expected return of 0.0911%. The fund retains a Market Volatility (i.e., Beta) of 0.0798, which attests to not very significant fluctuations relative to the market. 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 | 0.39 |
Below average predictability
The Hartford International has below average predictability. Overlapping area represents the amount of predictability between Hartford International time series from 26th of October 2022 to 23rd of July 2023 and 23rd of July 2023 to 18th of April 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 0.39 indicates that just about 39.0% of current Hartford International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 1.13 |
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 |
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Hartford International technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.