Hennessy Cornerstone Financials
| HFLGX Fund | USD 12.58 0.09 0.71% |
Hennessy |
Please note that you must use caution to infer results of funds future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Hennessy Cornerstone Fund Summary
Hennessy Cornerstone competes with Dodge Cox, American Mutual, American Funds, American Funds, and American Mutual. 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.Specialization | Large Value, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| ISIN | US42588P2056 |
| Business Address | Hennessy Funds Trust |
| Mutual Fund Family | Hennessy |
| Mutual Fund Category | Large Value |
| Benchmark | Dow Jones Industrial |
| Phone | 800 966 4354 |
| Currency | USD - US Dollar |
Hennessy Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Hennessy Cornerstone's current stock value. Our valuation model uses many indicators to compare Hennessy Cornerstone value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Hennessy Cornerstone competition to find correlations between indicators driving Hennessy Cornerstone's intrinsic value. More Info.Hennessy Nerstone Large is rated # 2 fund in price to earning among similar funds. It is rated # 4 fund in price to book among similar funds fabricating about 0.22 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Hennessy Nerstone Large is roughly 4.65 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Hennessy Cornerstone's earnings, one of the primary drivers of an investment's value.Hennessy Nerstone Large Systematic Risk
Hennessy Cornerstone's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Hennessy Cornerstone volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Hennessy Nerstone Large correlated with the market. If Beta is less than 0 Hennessy Cornerstone generally moves in the opposite direction as compared to the market. If Hennessy Cornerstone Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Hennessy Nerstone Large is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Hennessy Cornerstone is generally in the same direction as the market. If Beta > 1 Hennessy Cornerstone moves generally in the same direction as, but more than the movement of the benchmark.
Hennessy Cornerstone November 27, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Hennessy Cornerstone help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Hennessy Nerstone Large. We use our internally-developed statistical techniques to arrive at the intrinsic value of Hennessy Nerstone Large based on widely used predictive technical indicators. In general, we focus on analyzing Hennessy Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Hennessy Cornerstone's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.7264 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.44 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.19 |
Other Information on Investing in Hennessy Mutual Fund
Hennessy Cornerstone 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 Cornerstone security.
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |