Hennessy Nerstone Large Fund Price on October 22, 2024
| HFLGX Fund | USD 11.99 0.02 0.17% |
Below is the normalized historical share price chart for Hennessy Nerstone Large extending back to March 20, 2009. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Hennessy Nerstone stands at 11.99, as last reported on the 11th of December 2024, with the highest price reaching 11.99 and the lowest price hitting 11.99 during the day.
If you're considering investing in Hennessy Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Hennessy Mutual Fund to be very steady. Hennessy Nerstone Large holds Efficiency (Sharpe) Ratio of 0.0434, which attests that the entity had a 0.0434% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hennessy Nerstone Large, which you can use to evaluate the volatility of the entity. Please check out Hennessy Nerstone's Risk Adjusted Performance of 0.044, downside deviation of 0.9208, and Market Risk Adjusted Performance of 0.1689 to validate if the risk estimate we provide is consistent with the expected return of 0.0371%.
Hennessy Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Hennessy |
Sharpe Ratio = 0.0434
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | HFLGX |
Estimated Market Risk
| 0.85 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Hennessy Nerstone is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Hennessy Nerstone by adding it to a well-diversified portfolio.
Hennessy Nerstone Valuation on October 22, 2024
It is possible to determine the worth of Hennessy Nerstone on a given historical date. On October 22, 2024 Hennessy was worth 12.16 at the beginning of the trading date compared to the closed value of 12.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hennessy Nerstone mutual fund. Still, in general, we apply an absolute valuation method to find Hennessy Nerstone's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Hennessy Nerstone where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hennessy Nerstone's related companies.
| Open | High | Low | Close | Volume | |
| 12.33 | 12.33 | 12.33 | 12.33 | 1.00 | |
10/22/2024 | 12.16 | 12.16 | 12.16 | 12.16 | 1.00 |
| 12.11 | 12.11 | 12.11 | 12.11 | 1.00 |
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Hennessy Nerstone Trading Date Momentum on October 22, 2024
| On October 23 2024 Hennessy Nerstone Large was traded for 12.11 at the closing time. The highest daily price throughout the period was 12.11 and the lowest price was 12.11 . There was no trading activity during the period 1.0. Lack of trading volume on 10/23/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.41% . The trading delta at closing time to current closing price is 1.56% . |
Hennessy Nerstone Large Fundamentals Correlations and Trends
By evaluating Hennessy Nerstone's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Hennessy Nerstone's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hennessy financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hennessy Nerstone Mutual Fund history
Hennessy Nerstone investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Hennessy is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hennessy Nerstone Large will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Hennessy Nerstone stock prices may prove useful in developing a viable investing in Hennessy Nerstone
The fund invests in growth-oriented common stocks of larger companies by utilizing a quantitative formula known as the Cornerstone Large Growth Formula . It purchases 50 stocks weighted equally by dollar amount, with 2 percent of the portfolios assets invested in each. Using the Large Growth Formula, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the winter.
Hennessy Nerstone Mutual Fund Technical Analysis
Hennessy Nerstone 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.
Price Boundaries
Hennessy Nerstone Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Hennessy Nerstone Large cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Hennessy Nerstone December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Hennessy Nerstone mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hennessy Nerstone shares will generate the highest return on investment. By undertsting and applying Hennessy Nerstone mutual fund market strength indicators, traders can identify Hennessy Nerstone Large entry and exit signals to maximize returns
Hennessy Nerstone Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hennessy Nerstone's price direction in advance. Along with the technical and fundamental analysis of Hennessy Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hennessy to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.044 | |||
| Jensen Alpha | 0.0111 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.1589 |
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| Volume Indicators |
Other Information on Investing in Hennessy Mutual Fund
Hennessy Nerstone 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 Nerstone security.
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