The Hartford Midcap Fund Market Value

HMVCX Fund  USD 12.13  0.22  1.85%   
Hartford Midcap's market value is the price at which a share of Hartford Midcap trades on a public exchange. It measures the collective expectations of The Hartford Midcap investors about its performance. Hartford Midcap is trading at 12.13 as of the 28th of March 2024; that is 1.85 percent increase since the beginning of the trading day. The fund's open price was 11.91.
With this module, you can estimate the performance of a buy and hold strategy of The Hartford Midcap and determine expected loss or profit from investing in Hartford Midcap over a given investment horizon. Check out Hartford Midcap Correlation, Hartford Midcap Volatility and Hartford Midcap Alpha and Beta module to complement your research on Hartford Midcap.
Symbol

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

Hartford Midcap '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 Midcap'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 Midcap.
0.00
08/31/2023
No Change 0.00  0.0 
In 6 months and 30 days
03/28/2024
0.00
If you would invest  0.00  in Hartford Midcap on August 31, 2023 and sell it all today you would earn a total of 0.00 from holding The Hartford Midcap or generate 0.0% return on investment in Hartford Midcap over 210 days. Hartford Midcap is related to or competes with USCF Gold, Hartford Growth, Hartford Growth, Hartford Growth, Hartford Growth, Hartford Growth, and Hartford Growth. The fund seeks to achieve its investment objective by investing at least 80 percent of its assets in mid-capitalization ... More

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

Hartford Midcap Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Midcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Midcap's standard deviation. In reality, there are many statistical measures that can use Hartford Midcap historical prices to predict the future Hartford Midcap's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hartford Midcap'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
10.9214.6115.40
Details
Intrinsic
Valuation
LowRealHigh
11.5312.3213.11
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hartford Midcap. Your research has to be compared to or analyzed against Hartford Midcap's peers to derive any actionable benefits. When done correctly, Hartford Midcap'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 Midcap.

The Hartford Midcap Backtested Returns

We consider Hartford Midcap very steady. The Hartford Midcap 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-seven technical indicators for The Hartford Midcap, which you can use to evaluate the volatility of the entity. Please check out Hartford Midcap's Risk Adjusted Performance of 0.0691, market risk adjusted performance of 0.0755, and Downside Deviation of 0.9492 to validate if the risk estimate we provide is consistent with the expected return of 0.092%. The fund retains a Market Volatility (i.e., Beta) of 1.27, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hartford Midcap will likely underperform.

Auto-correlation

    
  0.50  

Modest predictability

The Hartford Midcap has modest predictability. Overlapping area represents the amount of predictability between Hartford Midcap time series from 31st of August 2023 to 14th of December 2023 and 14th of December 2023 to 28th 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 Midcap price movement. The serial correlation of 0.5 indicates that about 50.0% of current Hartford Midcap price fluctuation can be explain by its past prices.
Correlation Coefficient0.5
Spearman Rank Test0.12
Residual Average0.0
Price Variance0.05

The Hartford Midcap lagged returns against current returns

Autocorrelation, which is Hartford Midcap 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 Midcap's mutual fund expected returns. We can calculate the autocorrelation of Hartford Midcap returns to help us make a trade decision. For example, suppose you find that Hartford Midcap 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 Midcap 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 Midcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Midcap 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 Midcap mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Hartford Midcap Lagged Returns

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

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Check out Hartford Midcap Correlation, Hartford Midcap Volatility and Hartford Midcap Alpha and Beta module to complement your research on Hartford Midcap.
Note that the The Hartford Midcap information on this page should be used as a complementary analysis to other Hartford Midcap'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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

Complementary Tools for Hartford Mutual Fund analysis

When running Hartford Midcap's price analysis, check to measure Hartford Midcap'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 Hartford Midcap is operating at the current time. Most of Hartford Midcap's value examination focuses on studying past and present price action to predict the probability of Hartford Midcap's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hartford Midcap's price. Additionally, you may evaluate how the addition of Hartford Midcap to your portfolios can decrease your overall portfolio volatility.
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Hartford Midcap 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 Hartford Midcap technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Hartford Midcap 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...