Hennessy Gas Financials
| HGASX Fund | USD 29.91 0.01 0.03% |
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 Gas Fund Summary
Hennessy Gas competes with Ips Strategic, T Rowe, Archer Balanced, L Abbett, and Eic Value. The advisor intends to provide investment results that replicate the performance of the American Gas Association Stock Index. The index is maintained by the American Gas Association, a national trade association of natural gas distribution companies, and is licensed exclusively to the Manager for use as an investment strategy. The advisor intends to invest at least 85 percent of its net assets in the common stock of companies that have natural gas distribution and transmission operations and no attempt is made to actively manage the funds portfolio by using economic, financial, or market analysis.Specialization | Utilities, Large |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | Hennessy Funds Trust |
| Mutual Fund Family | Hennessy |
| Mutual Fund Category | Utilities |
| Benchmark | Dow Jones Industrial |
| Phone | 800 966 4354 |
| Currency | USD - US Dollar |
Hennessy Gas Key Financial Ratios
Hennessy Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Hennessy Gas's current stock value. Our valuation model uses many indicators to compare Hennessy Gas value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Hennessy Gas competition to find correlations between indicators driving Hennessy Gas's intrinsic value. More Info.Hennessy Gas Utility is one of the top funds in annual yield among similar funds. It also is one of the top funds in year to date return among similar funds creating about 1,247 of Year To Date Return per Annual Yield. 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 Gas' earnings, one of the primary drivers of an investment's value.Hennessy Gas Utility Systematic Risk
Hennessy Gas' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Hennessy Gas 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 three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Hennessy Gas Utility correlated with the market. If Beta is less than 0 Hennessy Gas generally moves in the opposite direction as compared to the market. If Hennessy Gas Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Hennessy Gas Utility is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Hennessy Gas is generally in the same direction as the market. If Beta > 1 Hennessy Gas moves generally in the same direction as, but more than the movement of the benchmark.
Hennessy Gas November 23, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Hennessy Gas help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Hennessy Gas Utility. We use our internally-developed statistical techniques to arrive at the intrinsic value of Hennessy Gas Utility 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 Gas's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.632 | |||
| Information Ratio | 0.1376 | |||
| Maximum Drawdown | 2.69 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 1.44 |
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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