Hennessy Small Competition

HSFNX Fund

USD 29.02 0.31 1.06%

Hennessy Small Cap competes with Dunham Monthly, Morgan Stanley, Mairs Power, Nuveen Nwq, and Templeton Emerging; as well as few others. The fund is listed under Financial category and is part of Hennessy family. Analyzing Hennessy Small 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 Small to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Hennessy Small Correlation with its peers.

Hennessy Small vs Nuveen Small Correlation

Very poor diversification

The correlation between Hennessy Small Cap and FMPFX is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hennessy Small Cap and FMPFX in the same portfolio, assuming nothing else is changed.

Moving together with Hennessy Mutual Fund

0.88	HICGX	Hennessy Nerstone Growth	Pair Corr
0.95	HICVX	Hennessy Nerstone Value	Pair Corr
0.83	HIMDX	Hennessy Nerstone Mid	Pair Corr
0.92	HILFX	Hennessy Large Cap	Pair Corr
0.95	HILGX	Hennessy Nerstone Large	Pair Corr

Moving against Hennessy Mutual Fund

0.92

HFCSX

Hennessy Focus

Pair Corr

Specify up to 10 symbols:

Hype

Prediction

Low	Estimated	High
26.95	28.98	31.01

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Intrinsic

Valuation

Low	Real	High
28.66	30.69	32.72

Details

Naive

Forecast

Low	Next	High
27.44	29.47	31.50

Details

Bollinger

Band Projection (param)

Lower	Middle Band	Upper
27.14	28.38	29.61

Details

Hennessy Small Competition Correlation Matrix

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

	DNMDX	IIF	MSCFX	NSCCX	EMF	SKSEX	OPP	TRRUX	FMPFX
DNMDX		-0.55	0.84	0.89	0.64	0.89	0.07	0.82	0.88	DNMDX
IIF	-0.55		-0.7	-0.53	-0.74	-0.55	-0.28	-0.53	-0.4	IIF
MSCFX	0.84	-0.7		0.87	0.85	0.9	0.35	0.85	0.89	MSCFX
NSCCX	0.89	-0.53	0.87		0.81	0.98	0.22	0.93	0.95	NSCCX
EMF	0.64	-0.74	0.85	0.81		0.82	0.51	0.85	0.72	EMF
SKSEX	0.89	-0.55	0.9	0.98	0.82		0.25	0.93	0.95	SKSEX
OPP	0.07	-0.28	0.35	0.22	0.51	0.25		0.4	0.22	OPP
TRRUX	0.82	-0.53	0.85	0.93	0.85	0.93	0.4		0.88	TRRUX
FMPFX	0.88	-0.4	0.89	0.95	0.72	0.95	0.22	0.88		FMPFX
	DNMDX	IIF	MSCFX	NSCCX	EMF	SKSEX	OPP	TRRUX	FMPFX

High positive correlations

SKSEX	+ 0.98	NSCCX
FMPFX	+ 0.95	NSCCX
FMPFX	+ 0.95	SKSEX
TRRUX	+ 0.93	NSCCX
TRRUX	+ 0.93	SKSEX
SKSEX	+ 0.9	MSCFX

High negative correlations

EMF	- 0.74	IIF
MSCFX	- 0.7	IIF
SKSEX	- 0.55	IIF
IIF	- 0.55	DNMDX
TRRUX	- 0.53	IIF
NSCCX	- 0.53	IIF

Risk-Adjusted Indicators

There is a big difference between Hennessy Mutual Fund performing well and Hennessy Small 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 Small's 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
DNMDX	0.07	0.00	(0.13)	0.07	0.12	(0.08)	0.14	(0.10)	0.31
IIF	0.51	(0.16)	0.00	(0.47)	0.00	0.00	0.85	(1.02)	4.47
MSCFX	0.89	0.09	0.09	0.10	0.87	(1.05)	2.43	(1.90)	5.31
NSCCX	1.05	0.24	0.23	0.24	0.77	(1.26)	2.63	(1.78)	14.57
EMF	0.91	0.26	0.23	0.60	0.67	(1.02)	2.06	(1.60)	5.66
SKSEX	0.88	0.17	0.17	0.23	0.75	(1.05)	2.35	(1.53)	8.72
OPP	0.40	(0.01)	(0.06)	(0.02)	0.55	(0.41)	0.77	(1.14)	2.43
TRRUX	0.27	0.06	0.12	0.21	0.00	(0.37)	0.51	(0.42)	4.52
FMPFX	1.01	0.02	0.02	0.05	1.14	(1.14)	1.85	(1.91)	6.63

Hennessy Small Competitive Analysis

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

Better Than Average

Worse Than Peers

View Performance Chart

	HSFNX	DNMDX	IIF	MSCFX	NSCCX	EMF	SKSEX	OPP	TRRUX	FMPFX
	1.06 29.02 Hennessy	0.86 28.86 Dunham	0.82 23.40 Morgan	1.04 34.11 Mairs	1.88 38.59 Nuveen	1.05 19.75 Templeton	0.61 30.90 Amg	0.00 7.88 RiverNorthDoubleLine	0.40 12.49 TRRUX	0.87 38.83 Nuveen
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Solid	Fair	Weakest	Good	Good	Solid	Good	Soft	Good	Fair
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Fairly Valued	Fairly Valued	Fairly Valued	Under Valued	Under Valued	Under Valued	Fairly 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	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Buy	Strong Hold	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Strong Buy	Buy	Strong Hold	Strong Buy
Net Asset	72.92 M	269.9 M	N/A	399.14 M	259.66 M	N/A	203.3 M	N/A	252.63 M	128.25 M
Minimum Initial Investment	N/A	N/A	N/A	2.5 K	N/A	N/A	N/A	N/A	2.5 K	N/A
Price To Book	1.21	2.28	0.94	2.19	1.8	0.67	1.98	N/A	1.96	N/A
Five Year Return	10.11	3.67	10.05	6.93	11.75	7.85	8.84	3.44	4.81	3.74
One Year Return	16.02	7.84	-0.97	11.88	12.54	66.32	6.71	10.86	11.62	9.37
Last Dividend Paid	0.2	N/A	0.27	0.17	N/A	0.41	0.08	1.77	0.15	N/A
Price To Earning	2.48	15.51	20.94	21.82	19.44	4.55	19.58	6.11	17.03	N/A
Beta	N/A	N/A	0.84	N/A	N/A	0.88	N/A	0.09	N/A	N/A
Price To Sales	4.67	0.96	149.5	1.62	1.06	28.94	1.01	N/A	1.45	N/A
Cash Position Weight	7.47	43.52	N/A	0.43	1.23	N/A	1.25	N/A	8.13	1.06
Equity Positions Weight	92.53	56.48	N/A	99.57	98.77	N/A	98.75	N/A	35.92	98.94
Three Year Return	10.41	6.29	12.24	9.66	14.36	23.67	9.09	9.91	9.38	14.94
Annual Yield	0.0082	0.073	0.0111	N/A	N/A	0.0216	0.0058	0.0051	0.0359	N/A
Year To Date Return	4.85	0.34	0.0358	9.92	7.23	12.96	5.68	0.58	1.3	3.51
Bond Positions Weight	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	53.72	N/A
Ten Year Return	3.45	3.47	N/A	N/A	7.4	N/A	7.66	N/A	N/A	12.06
Day Typical Price	29.02	28.86	23.4	34.11	38.59	19.81	30.9	7.87	12.49	38.83
Accumulation Distribution	N/A	N/A	0.0132	N/A	N/A	0.014	N/A	0.0063	N/A	N/A
Market Facilitation Index	N/A	N/A	0.31	N/A	N/A	0.28	N/A	0.05	N/A	N/A
Daily Balance Of Power	0	0	0.6129	0	0	(0.75)	0	N/A	0	0
Period Momentum Indicator	(0.31)	(0.25)	0.19	(0.36)	(0.74)	(0.21)	(0.19)	N/A	(0.05)	(0.34)
Rate Of Daily Change	0.99	0.99	1.01	0.99	0.98	0.99	0.99	1.0	1.0	0.99
Day Median Price	29.02	28.86	23.41	34.11	38.59	19.84	30.9	7.87	12.49	38.83
Price Action Indicator	(0.15)	(0.12)	0.09	(0.18)	(0.37)	(0.20)	(0.1)	0.015	(0.03)	(0.17)
Relative Strength Index	61.96	38.41	N/A	N/A	N/A	71.94	N/A	54.17	68.01	50.68
Coefficient Of Variation	547.62	1025.09	(498.71)	852.07	643.5	418.96	618.88	10076.05	644.01	2019.24
Mean Deviation	1.21	0.0674	0.5092	0.8917	1.05	0.9096	0.8754	0.3958	0.2687	1.01
Jensen Alpha	0.3119	0.0013	(0.16)	0.0865	0.2416	0.2574	0.1705	(0.01)	0.0616	0.0168
Total Risk Alpha	0.2554	(0)	(0.18)	0.0732	0.192	0.216	0.1376	(0.03)	0.0477	(0.01)
Sortino Ratio	0.264	(0.13)	N/A	0.0902	0.2283	0.2281	0.1712	(0.06)	0.1177	0.0165
Downside Variance	1.43	0.0638	N/A	1.14	1.18	1.09	0.9364	0.4469	0.1084	1.46
Standard Deviation	1.98	0.1306	0.679	1.2	1.89	1.19	1.3	0.526	0.539	1.31
Kurtosis	13.51	30.73	1.93	0.3317	26.54	0.7994	9.54	0.3208	35.27	1.95
Potential Upside	3.76	0.1392	0.8478	2.43	2.63	2.06	2.35	0.7712	0.5119	1.85
Treynor Ratio	0.3145	0.065	(0.47)	0.1023	0.2378	0.5999	0.2327	(0.02)	0.2129	0.0503
Maximum Drawdown	14.51	0.3136	4.47	5.31	14.57	5.66	8.72	2.43	4.52	6.63
Variance	3.91	0.017	0.461	1.45	3.56	1.41	1.7	0.2767	0.2905	1.72
Market Risk Adjusted Performance	0.3245	0.075	(0.46)	0.1123	0.2478	0.6099	0.2427	(0.01)	0.2229	0.0603
Risk Adjusted Performance	0.1384	0.0252	(0.15)	0.0889	0.1186	0.1765	0.1213	0.0034	0.1089	0.0403
Skewness	2.67	(4.60)	0.1207	0.4307	4.19	0.598	2.05	(0.54)	5.08	0.497
Semi Deviation	0.8479	0.1203	N/A	0.8668	0.7742	0.6715	0.7461	0.5533	0.0	1.14
Information Ratio	0.1599	(0.25)	(0.27)	0.08	0.1316	0.2008	0.1271	(0.08)	0.0719	0.0152
Value At Risk	(1.52)	(0.10)	(1.02)	(1.90)	(1.78)	(1.60)	(1.53)	(1.14)	(0.42)	(1.91)
Expected Short fall	(1.66)	(0.08)	N/A	(1.05)	(1.26)	(1.02)	(1.05)	(0.41)	(0.37)	(1.14)
Downside Deviation	1.2	0.2525	N/A	1.07	1.09	1.05	0.9677	0.6685	0.3293	1.21
Semi Variance	0.719	0.0145	N/A	0.7514	0.5994	0.4509	0.5567	0.3061	(0.03)	1.31

Hennessy Small Competition Performance Charts

Five steps to successful analysis of Hennessy Small Competition

Hennessy Small's 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 Small Cap in relation to its competition. Hennessy Small's competition analysis typically involves several steps, including:

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

Complement your Hennessy Small position

In addition to having Hennessy Small in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Funds or Etfs that invest in entities that are involved in mining, processing or dealing of precious metals. The Precious Metals Funds theme has 33 constituents at this time.

You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Precious Metals Funds Theme or any other thematic opportunities.

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Other Information on Investing in Hennessy Mutual Fund

Hennessy Small 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 Small security.

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Hennessy Small Competition

Hennessy Small vs Nuveen Small Correlation

Very poor diversification

Moving together with Hennessy Mutual Fund

Moving against Hennessy Mutual Fund

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Hennessy Small Competition Correlation Matrix

High positive correlations

High negative correlations

Risk-Adjusted Indicators

Hennessy Small Competitive Analysis

Hennessy Small Competition Performance Charts

Five steps to successful analysis of Hennessy Small Competition

Complement your Hennessy Small position

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Other Information on Investing in Hennessy Mutual Fund

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