Hennessy Gas Competition

HGASX Fund

USD 26.95 0.03 0.11%

Hennessy Gas Utility competes with Ab Value, Arrow Managed, Volumetric Fund, Ab Select, and Iaadx; as well as few others. The fund is listed under Utilities category and is part of Hennessy family. Analyzing Hennessy Gas 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 Gas to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Hennessy Gas Correlation with its peers.

Hennessy Gas vs Fabwx Correlation

Poor diversification

The correlation between Hennessy Gas Utility and FABWX is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hennessy Gas Utility and FABWX in the same portfolio, assuming nothing else is changed.

Moving together with Hennessy Mutual Fund

0.72	HICGX	Hennessy Nerstone Growth	Pair Corr
0.97	HICVX	Hennessy Nerstone Value	Pair Corr
0.66	HIMDX	Hennessy Nerstone Mid	Pair Corr
0.72	HILFX	Hennessy Large Cap	Pair Corr
0.78	HILGX	Hennessy Nerstone Large	Pair Corr

Moving against Hennessy Mutual Fund

0.69

HFCSX

Hennessy Focus

Pair Corr

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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hennessy Gas' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.

Hype

Prediction

Low	Estimated	High
25.42	26.95	28.48

Details

Intrinsic

Valuation

Low	Real	High
25.65	27.18	28.71

Details

Naive

Forecast

Low	Next	High
26.14	27.67	29.19

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
25.44	26.35	27.27

Details

Hennessy Gas Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Hennessy Gas 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 Gas Utility does not affect the price movement of the other competitor.

	ABVCX	MFTFX	VOLMX	IEMSX	AUUIX	IAADX	OPTCX	FABWX
ABVCX		0.91	0.87	0.76	0.96	0.91	0.93	0.9	ABVCX
MFTFX	0.91		0.92	0.86	0.85	0.82	0.88	0.9	MFTFX
VOLMX	0.87	0.92		0.83	0.85	0.82	0.92	0.95	VOLMX
IEMSX	0.76	0.86	0.83		0.68	0.8	0.75	0.85	IEMSX
AUUIX	0.96	0.85	0.85	0.68		0.85	0.93	0.89	AUUIX
IAADX	0.91	0.82	0.82	0.8	0.85		0.9	0.87	IAADX
OPTCX	0.93	0.88	0.92	0.75	0.93	0.9		0.97	OPTCX
FABWX	0.9	0.9	0.95	0.85	0.89	0.87	0.97		FABWX
	ABVCX	MFTFX	VOLMX	IEMSX	AUUIX	IAADX	OPTCX	FABWX

Risk-Adjusted Indicators

There is a big difference between Hennessy Mutual Fund performing well and Hennessy Gas 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 Gas' 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
ABVCX	0.73	0.20	0.28	0.24	0.31	(0.96)	1.52	(1.12)	10.97
MFTFX	1.03	0.10	0.08	0.18	1.06	(1.20)	2.06	(1.78)	5.99
VOLMX	0.53	0.00	(0.03)	0.06	0.60	(0.57)	1.30	(0.92)	3.45
IEMSX	0.60	0.14	0.09	0.69	0.69	(0.69)	1.35	(1.12)	4.66
AUUIX	0.59	0.07	0.09	0.15	0.50	(0.64)	1.12	(0.99)	8.89
IAADX	0.16	0.06	(0.06)	(0.78)	0.00	(0.22)	0.42	(0.21)	1.27
OPTCX	0.14	0.01	(0.22)	0.12	0.00	(0.20)	0.30	(0.20)	1.00
FABWX	0.65	0.07	0.06	0.14	0.76	(0.69)	1.22	(1.48)	3.81

Hennessy Gas Competitive Analysis

The better you understand Hennessy Gas competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Hennessy Gas' 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 Gas' competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	HGASX	ABVCX	MFTFX	VOLMX	IEMSX	AUUIX	IAADX	OPTCX	FABWX
	0.11 26.95 Hennessy	0.61 19.53 ABVCX	1.53 6.63 Arrow	0.49 24.13 Volumetric	0.74 13.64 Abs	0.08 24.40 AUUIX	0.41 9.81 Iaadx	0.1 10.07 Rbb	0.11 18.97 Fabwx
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Not too volatile	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Fair	Good	Good	Mild	Good	Fair	Solid	Fair	Fair
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Unknown	Low	Low	Low	Fair
Current Valuation (Equity Enterprise Value)	Fairly Valued	Under Valued	Fairly Valued	Fairly Valued	Fairly Valued	Under Valued	Over Valued	Over Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Buy	Strong Buy	Buy	Strong Hold	Strong Hold	Strong Buy	Strong Sell	Strong Sell	Buy
Net Asset	484.09 M	450.34 M	223.83 M	36.55 M	N/A	256.14 M	230.63 M	35.56 M	N/A
Minimum Initial Investment	250 K	N/A	N/A	500	N/A	N/A	N/A	N/A	N/A
Price To Book	N/A	1.74	N/A	2.53	N/A	2.22	N/A	N/A	N/A
Five Year Return	12.56	13.43	11.26	5.22	N/A	14.53	N/A	N/A	N/A
One Year Return	7.08	17.73	10.03	-0.86	N/A	15.7	N/A	N/A	N/A
Last Dividend Paid	0.18	0.01	0.01	N/A	N/A	0.02	N/A	N/A	N/A
Price To Earning	N/A	15.58	N/A	17.28	N/A	13.43	N/A	N/A	N/A
Price To Sales	N/A	1.05	N/A	1.27	N/A	1.4	N/A	N/A	N/A
Cash Position Weight	0.81	0.01	14.27	14.7	N/A	3.3	N/A	N/A	N/A
Equity Positions Weight	99.19	99.99	N/A	85.3	N/A	96.71	N/A	N/A	N/A
Three Year Return	12.08	16.6	3.8	8.52	N/A	20.93	N/A	N/A	N/A
Annual Yield	0.0235	0.0044	0.0209	N/A	N/A	0.0021	0.0586	0.0427	N/A
Year To Date Return	1.93	6.85	5.72	0.67	N/A	0.62	N/A	N/A	N/A
Bond Positions Weight	N/A	N/A	1.0	N/A	N/A	N/A	N/A	N/A	N/A
Ten Year Return	10.36	5.52	-0.73	7.57	N/A	N/A	N/A	N/A	N/A
Daily Balance Of Power	9.2 T	0	9.2 T	0	9.2 T	0	9.2 T	0	9.2 T
Day Typical Price	26.95	19.53	6.63	24.13	13.64	24.4	9.81	10.07	18.97
Period Momentum Indicator	0.03	(0.12)	0.1	(0.12)	0.1	(0.02)	0.04	(0.01)	0.02
Rate Of Daily Change	1.0	0.99	1.02	1.0	1.01	1.0	1.0	1.0	1.0
Day Median Price	26.95	19.53	6.63	24.13	13.64	24.4	9.81	10.07	18.97
Price Action Indicator	0.015	(0.06)	0.05	(0.06)	0.05	(0.01)	0.02	(0.01)	0.01
Coefficient Of Variation	792.76	489.55	757.36	1189.9	490.3	728.89	328.42	571.93	620.27
Mean Deviation	0.7	0.7336	1.03	0.5345	0.5956	0.5875	0.1551	0.1385	0.6452
Jensen Alpha	0.1663	0.1968	0.0983	(0)	0.1407	0.0738	0.0615	0.01	0.066
Total Risk Alpha	0.0401	0.1449	0.0397	(0.02)	0.0802	0.0369	0.0361	0.005	0.047
Sortino Ratio	0.1378	0.2786	0.0763	(0.03)	0.0917	0.0867	(0.06)	(0.22)	0.0575
Downside Variance	0.6885	0.5522	1.43	0.4749	0.9191	0.6222	0.0367	0.0453	0.9809
Standard Deviation	1.53	1.4	1.28	0.6733	0.8152	1.07	0.2186	0.1836	0.8394
Kurtosis	38.36	32.96	(0.36)	0.2954	2.57	25.5	3.97	0.8117	0.0823
Potential Upside	0.9792	1.52	2.06	1.3	1.35	1.12	0.418	0.3046	1.22
Treynor Ratio	0.7624	0.2396	0.1779	0.0632	0.6881	0.1484	(0.78)	0.1249	0.1444
Maximum Drawdown	12.06	10.97	5.99	3.45	4.66	8.89	1.27	1.0	3.81
Variance	2.33	1.95	1.65	0.4533	0.6646	1.14	0.0478	0.0337	0.7046
Market Risk Adjusted Performance	0.7724	0.2496	0.1879	0.0732	0.6981	0.1584	(0.77)	0.1349	0.1544
Risk Adjusted Performance	0.0976	0.1543	0.101	0.0607	0.1503	0.1036	0.1994	0.0981	0.1193
Skewness	5.45	4.87	0.0825	(0.16)	(0.97)	3.9	1.36	(0.03)	(0.57)
Semi Deviation	0.526	0.3143	1.06	0.5977	0.6942	0.4987	0.0	0.0	0.762
Information Ratio	0.0748	0.1482	0.0711	(0.03)	0.1078	0.0639	(0.05)	(0.25)	0.0679
Value At Risk	(1.18)	(1.12)	(1.78)	(0.92)	(1.12)	(0.99)	(0.21)	(0.20)	(1.48)
Expected Short fall	(0.83)	(0.96)	(1.20)	(0.57)	(0.69)	(0.64)	(0.22)	(0.20)	(0.69)
Downside Deviation	0.8297	0.7431	1.2	0.6892	0.9587	0.7888	0.1915	0.2129	0.9904
Semi Variance	0.2767	0.0988	1.12	0.3573	0.482	0.2487	(0.05)	(0.01)	0.5807

Hennessy Gas Competition Performance Charts

Five steps to successful analysis of Hennessy Gas Competition

Hennessy Gas' 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 Gas Utility in relation to its competition. Hennessy Gas' competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Hennessy Gas 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 Gas' competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Hennessy Gas Utility, 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.

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Companies that are related to providing casino-type services across multiple geographical areas. The Casinos theme has 39 constituents at this time.

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Other Information on Investing in Hennessy Mutual Fund

Hennessy Gas 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 Gas security.

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Hennessy Gas Competition

Hennessy Gas vs Fabwx Correlation

Poor diversification

Moving together with Hennessy Mutual Fund

Moving against Hennessy Mutual Fund

Specify up to 10 symbols:

Hennessy Gas Competition Correlation Matrix

Risk-Adjusted Indicators

Hennessy Gas Competitive Analysis

Hennessy Gas Competition Performance Charts

Five steps to successful analysis of Hennessy Gas Competition

Complement your Hennessy Gas position

Did You Try This Idea?

Run Casinos Thematic Idea Now

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Other Information on Investing in Hennessy Mutual Fund

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