Hennessy Bp Midstream Fund Market Value
| HMSFX Fund | USD 12.75 0.18 1.43% |
| Symbol | Hennessy |
Hennessy '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'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.
| 10/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in Hennessy on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Hennessy Bp Midstream or generate 0.0% return on investment in Hennessy over 60 days. Hennessy is related to or competes with Cohen Steers, Virtus Select, Hennessy, and Eagle Mlp. Under normal circumstances, the fund invests at least 80 percent of its net assets in midstream energy infrastructure co... More
Hennessy 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'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 Bp Midstream upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | 0.0748 | |||
| Maximum Drawdown | 7.36 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 1.85 |
Hennessy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hennessy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hennessy's standard deviation. In reality, there are many statistical measures that can use Hennessy historical prices to predict the future Hennessy's volatility.| Risk Adjusted Performance | 0.0933 | |||
| Jensen Alpha | 0.0982 | |||
| Total Risk Alpha | 0.0719 | |||
| Sortino Ratio | 0.0662 | |||
| Treynor Ratio | 0.1705 |
Hennessy Bp Midstream Backtested Returns
At this stage we consider Hennessy Mutual Fund to be very steady. Hennessy Bp Midstream holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hennessy Bp Midstream, which you can use to evaluate the volatility of the entity. Please check out Hennessy's Downside Deviation of 1.34, market risk adjusted performance of 0.1805, and Risk Adjusted Performance of 0.0933 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. The fund retains a Market Volatility (i.e., Beta) of 0.72, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hennessy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hennessy is expected to be smaller as well.
Auto-correlation | -0.88 |
Excellent reverse predictability
Hennessy Bp Midstream has excellent reverse predictability. Overlapping area represents the amount of predictability between Hennessy time series from 26th of October 2024 to 25th of November 2024 and 25th of November 2024 to 25th 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 Bp Midstream price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Hennessy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Hennessy Bp Midstream lagged returns against current returns
Autocorrelation, which is Hennessy 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's mutual fund expected returns. We can calculate the autocorrelation of Hennessy returns to help us make a trade decision. For example, suppose you find that Hennessy 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hennessy 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 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hennessy Lagged Returns
When evaluating Hennessy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hennessy mutual fund have on its future price. Hennessy 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 autocorrelation shows the relationship between Hennessy mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hennessy Bp Midstream.
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 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 security.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
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