Hennessy Equity And Fund Market Value
| HEIFX Fund | USD 16.20 0.02 0.12% |
| Symbol | Hennessy |
Hennessy Equity '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 Hennessy Equity'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 Hennessy Equity.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Hennessy Equity on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Hennessy Equity And or generate 0.0% return on investment in Hennessy Equity over 720 days. Hennessy Equity is related to or competes with Buffalo Flexible, James Balanced:, Hennessy Focus, Villere Balanced, and Mairs Power. The fund seeks income and long-term capital appreciation with reduced volatility of returns More
Hennessy Equity 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 Hennessy Equity'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 Hennessy Equity And upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4237 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 2.3 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.7129 |
Hennessy Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hennessy Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hennessy Equity's standard deviation. In reality, there are many statistical measures that can use Hennessy Equity historical prices to predict the future Hennessy Equity's volatility.| Risk Adjusted Performance | 0.1305 | |||
| Jensen Alpha | 0.0055 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | 0.1381 |
Hennessy Equity And Backtested Returns
At this stage we consider Hennessy Mutual Fund to be very steady. Hennessy Equity And holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hennessy Equity And, which you can use to evaluate the volatility of the entity. Please check out Hennessy Equity's Downside Deviation of 0.4237, risk adjusted performance of 0.1305, and Market Risk Adjusted Performance of 0.1481 to validate if the risk estimate we provide is consistent with the expected return of 0.0832%. The fund retains a Market Volatility (i.e., Beta) of 0.52, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hennessy Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hennessy Equity is expected to be smaller as well.
Auto-correlation | 0.45 |
Average predictability
Hennessy Equity And has average predictability. Overlapping area represents the amount of predictability between Hennessy Equity time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hennessy Equity And price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Hennessy Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Hennessy Equity And lagged returns against current returns
Autocorrelation, which is Hennessy Equity 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 Hennessy Equity's mutual fund expected returns. We can calculate the autocorrelation of Hennessy Equity returns to help us make a trade decision. For example, suppose you find that Hennessy Equity 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 |
Hennessy Equity 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 Hennessy Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hennessy Equity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hennessy Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hennessy Equity Lagged Returns
When evaluating Hennessy Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hennessy Equity mutual fund have on its future price. Hennessy Equity 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, Hennessy Equity autocorrelation shows the relationship between Hennessy Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hennessy Equity And.
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 Hennessy Mutual Fund
Hennessy Equity 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 Equity security.
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