Hartford Municipal Short Fund Market Value
| HMJIX Fund | USD 10.02 0.01 0.1% |
| Symbol | Hartford |
Hartford Municipal '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 Municipal'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 Municipal.
| 05/27/2025 |
| 08/25/2025 |
If you would invest 0.00 in Hartford Municipal on May 27, 2025 and sell it all today you would earn a total of 0.00 from holding Hartford Municipal Short or generate 0.0% return on investment in Hartford Municipal over 90 days. Hartford Municipal is related to or competes with Old Westbury, Calvert Bond, Ab Bond, Multisector Bond, Ab Bond, and Bbh Intermediate. The investment seeks to provide current income that is generally exempt from federal income taxes, and long-term total r... More
Hartford Municipal 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 Municipal'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 Hartford Municipal Short upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.39) | |||
| Maximum Drawdown | 0.2032 | |||
| Potential Upside | 0.1016 |
Hartford Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hartford Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hartford Municipal's standard deviation. In reality, there are many statistical measures that can use Hartford Municipal historical prices to predict the future Hartford Municipal's volatility.| Risk Adjusted Performance | 0.293 | |||
| Jensen Alpha | 0.0224 | |||
| Total Risk Alpha | 0.0136 | |||
| Treynor Ratio | (0.97) |
Hartford Municipal Short Backtested Returns
At this stage we consider Hartford Mutual Fund to be very steady. Hartford Municipal Short holds Efficiency (Sharpe) Ratio of 0.57, which attests that the entity had a 0.57 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Hartford Municipal Short, which you can use to evaluate the volatility of the entity. Please check out Hartford Municipal's Standard Deviation of 0.0532, risk adjusted performance of 0.293, and Market Risk Adjusted Performance of (0.96) to validate if the risk estimate we provide is consistent with the expected return of 0.0304%. The fund retains a Market Volatility (i.e., Beta) of -0.021, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hartford Municipal are expected to decrease at a much lower rate. During the bear market, Hartford Municipal is likely to outperform the market.
Auto-correlation | 0.93 |
Excellent predictability
Hartford Municipal Short has excellent predictability. Overlapping area represents the amount of predictability between Hartford Municipal time series from 27th of May 2025 to 11th of July 2025 and 11th of July 2025 to 25th of August 2025. 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 Municipal Short price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Hartford Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hartford Municipal Short lagged returns against current returns
Autocorrelation, which is Hartford Municipal 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 Municipal's mutual fund expected returns. We can calculate the autocorrelation of Hartford Municipal returns to help us make a trade decision. For example, suppose you find that Hartford Municipal 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 Municipal 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 Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hartford Municipal 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 Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hartford Municipal Lagged Returns
When evaluating Hartford Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hartford Municipal mutual fund have on its future price. Hartford Municipal 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 Municipal autocorrelation shows the relationship between Hartford Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hartford Municipal Short.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Hartford Mutual Fund
Hartford Municipal financial ratios help investors to determine whether Hartford Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hartford with respect to the benefits of owning Hartford Municipal security.
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