The Hartford Servative Fund Market Value
| HCVFX Fund | USD 10.54 0.02 0.19% |
| Symbol | Hartford |
Hartford Servative '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 Servative'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 Servative.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Hartford Servative on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding The Hartford Servative or generate 0.0% return on investment in Hartford Servative over 30 days. Hartford Servative is related to or competes with Hartford Growth, Hartford Growth, Hartford Growth, Hartford Growth, Hartford Growth, Hartford Growth, and Hartford Growth. The fund seeks to meet its investment objective through investment in a combination of other mutual funds and ETFs advis... More
Hartford Servative 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 Servative'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 Servative upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3984 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 1.7 | |||
| Value At Risk | (0.47) | |||
| Potential Upside | 0.4757 |
Hartford Servative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Servative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Servative's standard deviation. In reality, there are many statistical measures that can use Hartford Servative historical prices to predict the future Hartford Servative's volatility.| Risk Adjusted Performance | 0.0216 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | 0.0131 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hartford Servative'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.
The Hartford Servative Backtested Returns
We consider Hartford Servative very steady. The Hartford Servative holds Efficiency (Sharpe) Ratio of 0.0281, which attests that the entity had a 0.0281% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for The Hartford Servative, which you can use to evaluate the volatility of the entity. Please check out Hartford Servative's Risk Adjusted Performance of 0.0216, downside deviation of 0.3984, and Market Risk Adjusted Performance of 0.0231 to validate if the risk estimate we provide is consistent with the expected return of 0.0096%. The fund retains a Market Volatility (i.e., Beta) of 0.49, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hartford Servative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hartford Servative is expected to be smaller as well.
Auto-correlation | 0.51 |
Modest predictability
The Hartford Servative has modest predictability. Overlapping area represents the amount of predictability between Hartford Servative time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 The Hartford Servative price movement. The serial correlation of 0.51 indicates that about 51.0% of current Hartford Servative price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
The Hartford Servative lagged returns against current returns
Autocorrelation, which is Hartford Servative 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 Servative's mutual fund expected returns. We can calculate the autocorrelation of Hartford Servative returns to help us make a trade decision. For example, suppose you find that Hartford Servative 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 Servative 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 Servative mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Servative 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 Servative mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hartford Servative Lagged Returns
When evaluating Hartford Servative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Servative mutual fund have on its future price. Hartford Servative 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 Servative autocorrelation shows the relationship between Hartford Servative mutual fund current value and its past values and can show if there is a momentum factor associated with investing in The Hartford Servative.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Hartford Servative Correlation, Hartford Servative Volatility and Hartford Servative Alpha and Beta module to complement your research on Hartford Servative. Note that the The Hartford Servative information on this page should be used as a complementary analysis to other Hartford Servative's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Hartford Servative 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.