Hennessy Nerstone Growth Fund Quote
| HICGX Fund | USD 40.71 0.30 0.73% |
Performance8 of 100
| Odds Of DistressLess than 20
|
Hennessy Cornerstone is trading at 40.71 as of the 28th of November 2024; that is 0.73 percent down since the beginning of the trading day. The fund's open price was 41.01. Hennessy Cornerstone has about a 20 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Hennessy Nerstone Growth are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of August 2024 and ending today, the 28th of November 2024. Click here to learn more.
The fund may invest in any company whose securities are listed on a U.S. national securities exchange, including through ADRs, which are U.S. dollar-denominated securities of foreign issuers listed on U.S. national securities exchanges. The fund invests in growth-oriented common stocks by utilizing a quantitative formula known as the Cornerstone Growth Strategy. More on Hennessy Nerstone Growth
Moving together with Hennessy Mutual Fund
Hennessy Mutual Fund Highlights
| Fund Concentration | Hennessy Funds, Large Funds, Small Blend Funds, Small Blend, Hennessy (View all Sectors) |
| Update Date | 30th of September 2024 |
| Expense Ratio Date | 28th of February 2023 |
| Fiscal Year End | October |
Hennessy Nerstone Growth [HICGX] is traded in USA and was established 28th of November 2024. Hennessy Cornerstone is listed under Hennessy category by Fama And French industry classification. The fund is listed under Small Blend category and is part of Hennessy family. This fund currently has accumulated 163.44 M in assets under management (AUM) with minimum initial investment of 250 K. Hennessy Nerstone Growth is currently producing year-to-date (YTD) return of 42.29% with the current yeild of 0.01%, while the total return for the last 3 years was 16.1%.
Check Hennessy Cornerstone Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Hennessy Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Hennessy Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Hennessy Nerstone Growth Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Hennessy Nerstone Growth Mutual Fund Constituents
| MYRG | MYR Group | Stock | Industrials | |
| ENVA | Enova International | Stock | Financials | |
| CNNE | Cannae Holdings | Stock | Financials | |
| KRO | Kronos Worldwide | Stock | Materials | |
| ALG | Alamo Group | Stock | Industrials | |
| SPWH | Sportsmans | Stock | Consumer Discretionary | |
| LRN | Stride Inc | Stock | Consumer Discretionary | |
| RCM | R1 RCM Inc | Stock | Health Care |
Hennessy Nerstone Growth Risk Profiles
| Mean Deviation | 0.9776 | |||
| Semi Deviation | 1.08 | |||
| Standard Deviation | 1.25 | |||
| Variance | 1.55 |
Hennessy Cornerstone Against Markets
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.
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