HARTFORD ENVIRONMENTAL Total Risk Alpha
| HEOMX Fund | | | USD 17.86 -0.46 -2.51% |
Technical inputs supporting the Total Risk Alpha indicator for Hartford Environmental Opportunities are shown here. The information is based on observed market data across timeframes. Coverage differences may occur across instruments and market segments. Cross-instrument Total Risk Alpha comparisons are available via
Equity Screeners.
Risk vs Return Analysis frames the approach to diversified portfolio design. The view supports a broader understanding of portfolio structure. The holding in Hartford Environmental Opportunities represents an allocation. This is situated within the portfolio mix. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
signals in state.
Hartford Environmental Opportunities has current Total Risk Alpha of 0.0966. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.0966 | |
| ER[a] | = | Expected return on investing in HARTFORD ENVIRONMENTAL |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on HARTFORD ENVIRONMENTAL |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
Hartford Environmental Opportunities is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
50.58 of Maximum Drawdown per Total Risk Alpha. At
50.58 , Hartford Environmental Opportunities's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare HARTFORD ENVIRONMENTAL to Peers
Other Technical Indicators