The Hartford Balanced Fund Market Value

HBLSX Fund  USD 14.56  0.04  0.28%   
The Hartford's market value is the price at which a share of The Hartford trades on a public exchange. It measures the collective expectations of The Hartford Balanced investors about its performance. The Hartford is trading at 14.56 as of the 29th of March 2024; that is 0.28 percent up since the beginning of the trading day. The fund's open price was 14.52.
With this module, you can estimate the performance of a buy and hold strategy of The Hartford Balanced and determine expected loss or profit from investing in The Hartford over a given investment horizon. Check out The Hartford Correlation, The Hartford Volatility and The Hartford Alpha and Beta module to complement your research on The Hartford.
Symbol

Please note, there is a significant difference between The Hartford's value and its price as these two are different measures arrived at by different means. Investors typically determine if The Hartford is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, The Hartford'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.

The Hartford '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 The Hartford'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 The Hartford.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/29/2024
0.00
If you would invest  0.00  in The Hartford on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding The Hartford Balanced or generate 0.0% return on investment in The Hartford over 720 days. The Hartford is related to or competes with Vanguard Wellesley, Blackrock Multi-asset, The Hartford, The Hartford, The Hartford, and The Hartford. The fund targets an allocation of approximately 45 percent equity securities and 55 percent fixed income investments, wi... More

The Hartford 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 The Hartford'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 Balanced upside and downside potential and time the market with a certain degree of confidence.

The Hartford Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for The Hartford's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as The Hartford's standard deviation. In reality, there are many statistical measures that can use The Hartford historical prices to predict the future The Hartford's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of The Hartford'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.
Hype
Prediction
LowEstimatedHigh
14.1514.5614.97
Details
Intrinsic
Valuation
LowRealHigh
14.0714.4814.89
Details
Naive
Forecast
LowNextHigh
14.1214.5314.94
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
14.0614.3214.58
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as The Hartford. Your research has to be compared to or analyzed against The Hartford's peers to derive any actionable benefits. When done correctly, The Hartford's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in The Hartford Balanced.

The Hartford Balanced Backtested Returns

We consider The Hartford very steady. The Hartford Balanced owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0901, which indicates the fund had a 0.0901% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for The Hartford Balanced, which you can use to evaluate the volatility of the fund. Please validate The Hartford's Semi Deviation of 0.3768, risk adjusted performance of 0.054, and Coefficient Of Variation of 961.71 to confirm if the risk estimate we provide is consistent with the expected return of 0.0373%. The entity has a beta of 0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, the Hartford's returns are expected to increase less than the market. However, during the bear market, the loss of holding the Hartford is expected to be smaller as well.

Auto-correlation

    
  0.45  

Average predictability

The Hartford Balanced has average predictability. Overlapping area represents the amount of predictability between The Hartford time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 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 The Hartford Balanced price movement. The serial correlation of 0.45 indicates that just about 45.0% of current The Hartford price fluctuation can be explain by its past prices.
Correlation Coefficient0.45
Spearman Rank Test-0.07
Residual Average0.0
Price Variance0.17

The Hartford Balanced lagged returns against current returns

Autocorrelation, which is The Hartford 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 The Hartford's mutual fund expected returns. We can calculate the autocorrelation of The Hartford returns to help us make a trade decision. For example, suppose you find that The Hartford 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  

The Hartford 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 The Hartford mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if The Hartford mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in The Hartford mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

The Hartford Lagged Returns

When evaluating The Hartford's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of The Hartford mutual fund have on its future price. The Hartford 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, The Hartford autocorrelation shows the relationship between The Hartford mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Hartford Balanced.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards The Hartford in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, The Hartford's short interest history, or implied volatility extrapolated from The Hartford options trading.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
Check out The Hartford Correlation, The Hartford Volatility and The Hartford Alpha and Beta module to complement your research on The Hartford.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Complementary Tools for The Mutual Fund analysis

When running The Hartford's price analysis, check to measure The Hartford's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy The Hartford is operating at the current time. Most of The Hartford's value examination focuses on studying past and present price action to predict the probability of The Hartford's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move The Hartford's price. Additionally, you may evaluate how the addition of The Hartford to your portfolios can decrease your overall portfolio volatility.
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
The Hartford 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.
A focus of The Hartford technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of The Hartford trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...