Hennessy Cornerstone Competition

HICGX Fund

USD 40.71 0.30 0.73%

Hennessy Nerstone Growth competes with Gamco Global, Oklahoma Municipal, Federated Government, Nebraska Municipal, and Ishares Municipal; as well as few others. The fund is listed under Small Blend category and is part of Hennessy family. Analyzing Hennessy Cornerstone competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Hennessy Cornerstone to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Hennessy Cornerstone Correlation with its peers.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Hennessy Cornerstone competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
39.45	40.71	41.97

Details

Intrinsic

Valuation

Low	Real	High
38.77	40.03	41.29

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hennessy Cornerstone. Your research has to be compared to or analyzed against Hennessy Cornerstone's peers to derive any actionable benefits. When done correctly, Hennessy Cornerstone'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 Hennessy Nerstone Growth.

Hennessy Cornerstone Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Hennessy Cornerstone and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Hennessy and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Hennessy Nerstone Growth does not affect the price movement of the other competitor.

	GABTX	OKMUX	FGUAX	NEITX	BIDPX	PATFX	FYMNX
GABTX		-0.36	0.76	-0.37	-0.18	-0.02	0.06	GABTX
OKMUX	-0.36		-0.28	0.99	0.87	0.88	0.85	OKMUX
FGUAX	0.76	-0.28		-0.29	-0.08	0.02	0.17	FGUAX
NEITX	-0.37	0.99	-0.29		0.86	0.87	0.85	NEITX
BIDPX	-0.18	0.87	-0.08	0.86		0.88	0.86	BIDPX
PATFX	-0.02	0.88	0.02	0.87	0.88		0.96	PATFX
FYMNX	0.06	0.85	0.17	0.85	0.86	0.96		FYMNX
	GABTX	OKMUX	FGUAX	NEITX	BIDPX	PATFX	FYMNX

Click cells to compare fundamentals

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High positive correlations

NEITX	+ 0.99	OKMUX
FYMNX	+ 0.96	PATFX
PATFX	+ 0.88	OKMUX
PATFX	+ 0.88	BIDPX
BIDPX	+ 0.87	OKMUX
PATFX	+ 0.87	NEITX

High negative correlations

NEITX	- 0.37	GABTX
OKMUX	- 0.36	GABTX
NEITX	- 0.29	FGUAX
FGUAX	- 0.28	OKMUX
BIDPX	- 0.18	GABTX
BIDPX	- 0.08	FGUAX

Risk-Adjusted Indicators

There is a big difference between Hennessy Mutual Fund performing well and Hennessy Cornerstone Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Hennessy Cornerstone's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GABTX	0.51	0.08	(0.05)	13.25	0.47	(0.58)	1.09	(1.00)	3.00
OKMUX	0.15	0.01	(0.23)	0.00	0.23	(0.27)	0.29	(0.47)	1.52
FGUAX	0.04	0.01	0.00	3.43	0.00	0.00	0.10	(0.10)	0.62
NEITX	0.17	0.01	(0.22)	(0.02)	0.26	(0.28)	0.43	(0.32)	1.62
BIDPX	0.14	0.00	(0.31)	0.06	0.21	(0.18)	0.27	(0.45)	1.36
PATFX	0.16	0.02	(0.24)	(0.08)	0.22	(0.24)	0.44	(0.35)	1.69
FYMNX	0.13	0.02	(0.30)	(0.09)	0.17	(0.20)	0.37	(0.28)	1.39

Unable to evaluate fundamental data of [GABTX, OKMUX, FGUAX, NEITX, BIDPX, PATFX, FYMNX] at this time. Please try again later

All Fundamental Data

Hennessy Cornerstone Competitive Analysis

The better you understand Hennessy Cornerstone competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Hennessy Cornerstone's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Hennessy Cornerstone's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	HICGX	GABTX	OKMUX	FGUAX	NEITX	BIDPX	PATFX	FYMNX
	0.73 40.71 Hennessy	0.85 23.22 Gamco	0.28 10.66 Oklahoma	0.10 9.77 FEDERATED	0.32 9.43 NEBRASKA	0.27 11.12 Ishares	0.18 11.37 PATFX	0.18 10.88 Nuveen
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	OK	Good	Weak	Good	Weak	Insignificant	Insignificant	Modest
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Under Valued	Over Valued	Fairly Valued	Over Valued	Fairly Valued	Over Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Strong Buy	Sell	Buy	Sell	Cautious Hold	Sell	Sell
Net Asset	163.44 M	56.43 M	55.14 M	936.49 M	36.94 M	346.66 M	5.55 B	397.92 M
Minimum Initial Investment	250 K	1 K	N/A	N/A	1 K	N/A	N/A	100 K
Price To Book	2.44 X	1.74 X	N/A	N/A	N/A	N/A	6.68 X	N/A
Five Year Return	21.38 %	6.56 %	(0.26) %	2.27 %	(0.17) %	0.92 %	1.45 %	1.01 %
One Year Return	53.47 %	28.35 %	4.26 %	5.97 %	3.85 %	5.43 %	11.47 %	7.59 %
Last Dividend Paid	N/A	0.46	N/A	N/A	N/A	N/A	0.03	0.02
Price To Earning	1.68 X	19.83 X	N/A	N/A	N/A	N/A	7.02 X	N/A
Price To Sales	0.65 X	1.11 X	N/A	N/A	N/A	N/A	0.94 X	N/A
Cash Position Weight	2.81 %	0.75 %	N/A	49.88 %	N/A	0.56 %	0.22 %	0.54 %
Equity Positions Weight	97.19 %	99.25 %	N/A	N/A	N/A	N/A	0.01 %	N/A
Three Year Return	16.10 %	2.61 %	(1.91) %	3.41 %	(1.46) %	(0.44) %	(0.50) %	(0.23) %
Annual Yield	0.01 %	0 %	0 %	0.02 %	0 %	0.0008 %	0.03 %	0 %
Year To Date Return	42.29 %	24.30 %	0.31 %	4.94 %	0.18 %	1.47 %	6.65 %	3.63 %
Bond Positions Weight	N/A	N/A	N/A	N/A	100.00 %	N/A	10.93 %	99.46 %
Ten Year Return	6.64 %	4.63 %	3.41 %	0.39 %	3.31 %	3.58 %	4.44 %	4.59 %
Daily Balance Of Power	(9,223,372,036,855)	(9,223,372,036,855)	9.2 T	9.2 T	9.2 T	(9,223,372,036,855)	9.2 T	9.2 T
Day Typical Price	40.71	23.22	10.66	9.77	9.43	11.12	11.37	10.88
Period Momentum Indicator	(0.30)	(0.20)	0.03	0.01	0.03	(0.03)	0.02	0.02
Rate Of Daily Change	0.99	0.99	1.0	1.0	1.0	1.0	1.0	1.0
Day Median Price	40.71	23.22	10.66	9.77	9.43	11.12	11.37	10.88
Price Action Indicator	(0.15)	(0.10)	0.015	0.005	0.015	(0.01)	0.01	0.01
Coefficient Of Variation	875.4	719.69	2668.68	581.21	2596.68	1871.69	1513.81	1208.14
Mean Deviation	0.9776	0.5062	0.1523	0.0442	0.1686	0.1431	0.1569	0.135
Jensen Alpha	(0.02)	0.0801	0.0101	0.007	0.0119	(0)	0.0191	0.0196
Total Risk Alpha	(0.06)	(0.02)	(0.04)	(0.01)	(0.04)	(0.03)	(0.03)	(0.03)
Sortino Ratio	0.0143	(0.05)	(0.23)	N/A	(0.22)	(0.31)	(0.24)	(0.30)
Downside Variance	1.41	0.397	0.2583	N/A	0.276	0.1354	0.1987	0.1233
Standard Deviation	1.25	0.6536	0.2765	0.1	0.3051	0.2356	0.2692	0.223
Kurtosis	1.2	0.5052	6.01	15.67	7.12	6.48	7.84	7.89
Potential Upside	2.09	1.09	0.2882	0.1025	0.4338	0.2732	0.4398	0.3687
Treynor Ratio	0.1016	13.25	(0)	3.43	(0.02)	0.057	(0.08)	(0.09)
Maximum Drawdown	4.99	3.0	1.52	0.6182	1.62	1.36	1.69	1.39
Variance	1.55	0.4272	0.0764	0.01	0.0931	0.0555	0.0725	0.0497
Market Risk Adjusted Performance	0.1116	13.26	0.0057	3.44	(0.01)	0.067	(0.07)	(0.08)
Risk Adjusted Performance	0.0914	0.1048	0.011	0.0652	0.0144	0.0184	0.0322	0.0391
Skewness	(0.13)	(0.03)	(0.91)	3.83	(1.30)	(1.34)	(1.62)	(1.51)
Semi Deviation	1.08	0.4738	0.2262	N/A	0.2637	0.2136	0.2192	0.1652
Information Ratio	0.0136	(0.05)	(0.42)	(1.08)	(0.37)	(0.48)	(0.40)	(0.48)
Value At Risk	(1.44)	(1.00)	(0.47)	(0.10)	(0.32)	(0.45)	(0.35)	(0.28)
Expected Short fall	(1.09)	(0.58)	(0.27)	N/A	(0.28)	(0.18)	(0.24)	(0.20)
Downside Deviation	1.19	0.6301	0.5082	N/A	0.5254	0.3679	0.4458	0.3511
Semi Variance	1.17	0.2244	0.0512	N/A	0.0695	0.0456	0.048	0.0273

Hennessy Cornerstone Competition Performance Charts

Five steps to successful analysis of Hennessy Cornerstone Competition

Hennessy Cornerstone's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Hennessy Nerstone Growth in relation to its competition. Hennessy Cornerstone's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Hennessy Cornerstone in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Hennessy Cornerstone's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Hennessy Nerstone Growth, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Hennessy Cornerstone position

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Other Information on Investing in Hennessy Mutual Fund

Hennessy Cornerstone financial ratios help investors to determine whether Hennessy 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 Hennessy with respect to the benefits of owning Hennessy Cornerstone security.

	Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon
	Equity Valuation Check real value of public entities based on technical and fundamental data
	Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
	Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance

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