The Hartford Balanced Fund Market Value

ITTAX Fund  USD 19.07  0.02  0.10%   
Hartford Balanced's market value is the price at which a share of Hartford Balanced trades on a public exchange. It measures the collective expectations of The Hartford Balanced investors about its performance. Hartford Balanced is trading at 19.07 as of the 28th of March 2024; that is 0.10 percent increase since the beginning of the trading day. The fund's open price was 19.05.
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 Hartford Balanced over a given investment horizon. Check out Hartford Balanced Correlation, Hartford Balanced Volatility and Hartford Balanced Alpha and Beta module to complement your research on Hartford Balanced.
Symbol

Please note, there is a significant difference between Hartford Balanced's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hartford Balanced is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hartford Balanced'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 Balanced '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 Balanced'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 Balanced.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Hartford Balanced on February 27, 2024 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 Hartford Balanced over 30 days. Hartford Balanced is related to or competes with State Farm, Hartford Growth, Hartford Growth, Hartford Growth, Hartford Growth, Hartford Growth, and Hartford Growth. The fund seeks to achieve its investment objective by investing across a broad range of asset classes More

Hartford Balanced 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 Balanced'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.

Hartford Balanced Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Balanced's standard deviation. In reality, there are many statistical measures that can use Hartford Balanced historical prices to predict the future Hartford Balanced'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 Balanced'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
18.7919.0719.35
Details
Intrinsic
Valuation
LowRealHigh
18.7118.9919.27
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hartford Balanced. Your research has to be compared to or analyzed against Hartford Balanced's peers to derive any actionable benefits. When done correctly, Hartford Balanced'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 Hartford Balanced very steady. The Hartford Balanced holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% 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 entity. Please check out Hartford Balanced's Market Risk Adjusted Performance of 0.1088, risk adjusted performance of 0.0886, and Downside Deviation of 0.3037 to validate if the risk estimate we provide is consistent with the expected return of 0.0424%. The fund retains a Market Volatility (i.e., Beta) of 0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hartford Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hartford Balanced is expected to be smaller as well.

Auto-correlation

    
  0.79  

Good predictability

The Hartford Balanced has good predictability. Overlapping area represents the amount of predictability between Hartford Balanced time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 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 Balanced price movement. The serial correlation of 0.79 indicates that around 79.0% of current Hartford Balanced price fluctuation can be explain by its past prices.
Correlation Coefficient0.79
Spearman Rank Test0.76
Residual Average0.0
Price Variance0.01

The Hartford Balanced lagged returns against current returns

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

Hartford Balanced Lagged Returns

When evaluating Hartford Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Balanced mutual fund have on its future price. Hartford Balanced 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 Balanced autocorrelation shows the relationship between Hartford Balanced 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  

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Check out Hartford Balanced Correlation, Hartford Balanced Volatility and Hartford Balanced Alpha and Beta module to complement your research on Hartford Balanced.
Note that the The Hartford Balanced information on this page should be used as a complementary analysis to other Hartford Balanced'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running Hartford Balanced's price analysis, check to measure Hartford Balanced'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 Balanced is operating at the current time. Most of Hartford Balanced's value examination focuses on studying past and present price action to predict the probability of Hartford Balanced'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 Balanced's price. Additionally, you may evaluate how the addition of Hartford Balanced to your portfolios can decrease your overall portfolio volatility.
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Hartford Balanced 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 Balanced technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Hartford Balanced 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...