Hennessy Technology Mutual Fund Forecast - Simple Moving Average
| HTECX Fund | USD 21.95 0.19 0.87% |
The Simple Moving Average forecasted value of Hennessy Technology Fund on the next trading day is expected to be 21.95 with a mean absolute deviation of 0.31 and the sum of the absolute errors of 18.43. Hennessy Mutual Fund Forecast is based on your current time horizon.
At this time the relative strength index (rsi) of Hennessy Technology's share price is below 20 . This usually indicates that the mutual fund is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using Hennessy Technology hype-based prediction, you can estimate the value of Hennessy Technology Fund from the perspective of Hennessy Technology response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Moving Average forecasted value of Hennessy Technology Fund on the next trading day is expected to be 21.95 with a mean absolute deviation of 0.31 and the sum of the absolute errors of 18.43. Hennessy Technology after-hype prediction price | USD 18.83 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as fund price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Hennessy |
Hennessy Technology Additional Predictive Modules
Most predictive techniques to examine Hennessy price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Hennessy using various technical indicators. When you analyze Hennessy charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Hennessy Technology Simple Moving Average Price Forecast For the 24th of January
Given 90 days horizon, the Simple Moving Average forecasted value of Hennessy Technology Fund on the next trading day is expected to be 21.95 with a mean absolute deviation of 0.31, mean absolute percentage error of 0.53, and the sum of the absolute errors of 18.43.Please note that although there have been many attempts to predict Hennessy Mutual Fund prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Hennessy Technology's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Hennessy Technology Mutual Fund Forecast Pattern
| Backtest Hennessy Technology | Hennessy Technology Price Prediction | Buy or Sell Advice |
Hennessy Technology Forecasted Value
In the context of forecasting Hennessy Technology's Mutual Fund value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Hennessy Technology's downside and upside margins for the forecasting period are 18.19 and 25.71, respectively. We have considered Hennessy Technology's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Hennessy Technology mutual fund data series using in forecasting. Note that when a statistical model is used to represent Hennessy Technology mutual fund, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 115.6332 |
| Bias | Arithmetic mean of the errors | -0.1045 |
| MAD | Mean absolute deviation | 0.3072 |
| MAPE | Mean absolute percentage error | 0.0154 |
| SAE | Sum of the absolute errors | 18.43 |
Predictive Modules for Hennessy Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hennessy Technology. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hennessy Technology's 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.
Hennessy Technology After-Hype Price Prediction Density Analysis
As far as predicting the price of Hennessy Technology at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Hennessy Technology or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Mutual Fund prices, such as prices of Hennessy Technology, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Hennessy Technology Estimiated After-Hype Price Volatility
In the context of predicting Hennessy Technology's mutual fund value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Hennessy Technology's historical news coverage. Hennessy Technology's after-hype downside and upside margins for the prediction period are 15.07 and 22.59, respectively. We have considered Hennessy Technology's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Hennessy Technology is not too volatile at this time. Analysis and calculation of next after-hype price of Hennessy Technology is based on 3 months time horizon.
Hennessy Technology Mutual Fund Price Prediction Analysis
Have you ever been surprised when a price of a Mutual Fund such as Hennessy Technology is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Hennessy Technology backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Fund price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Hennessy Technology, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.41 | 3.76 | 3.12 | 1.59 | 1 Events / Month | 1 Events / Month | Very soon |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
21.95 | 18.83 | 14.21 |
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Hennessy Technology Hype Timeline
Hennessy Technology is currently traded for 21.95. The entity has historical hype elasticity of -3.12, and average elasticity to hype of competition of -1.59. Hennessy is forecasted to decline in value after the next headline, with the price expected to drop to 18.83. The average volatility of media hype impact on the company price is about 49.41%. The price reduction on the next news is expected to be -14.21%, whereas the daily expected return is currently at 0.41%. The volatility of related hype on Hennessy Technology is about 96.71%, with the expected price after the next announcement by competition of 20.36. The company last dividend was issued on the 6th of December 2019. Assuming the 90 days horizon the next forecasted press release will be very soon. Check out Historical Fundamental Analysis of Hennessy Technology to cross-verify your projections.Hennessy Technology Related Hype Analysis
Having access to credible news sources related to Hennessy Technology's direct competition is more important than ever and may enhance your ability to predict Hennessy Technology's future price movements. Getting to know how Hennessy Technology's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Hennessy Technology may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| BOGSX | Black Oak Emerging | (0.05) | 8 per month | 1.31 | 0.02 | 2.31 | (2.33) | 5.43 | |
| HLFNX | Hennessy Large Cap | 0.00 | 0 per month | 1.06 | 0.06 | 2.11 | (2.08) | 12.15 | |
| HJPNX | Hennessy Japan Fund | (19.60) | 1 per month | 1.17 | (0.02) | 2.48 | (1.94) | 5.68 | |
| HSFNX | Hennessy Small Cap | 0.24 | 1 per month | 0.56 | 0.19 | 3.76 | (1.13) | 13.11 | |
| ALTEX | Firsthand Alternative Energy | (0.03) | 1 per month | 2.21 | 0.05 | 4.15 | (4.62) | 12.23 |
Other Forecasting Options for Hennessy Technology
For every potential investor in Hennessy, whether a beginner or expert, Hennessy Technology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hennessy Mutual Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hennessy. Basic forecasting techniques help filter out the noise by identifying Hennessy Technology's price trends.Hennessy Technology Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Hennessy Technology mutual fund to make a market-neutral strategy. Peer analysis of Hennessy Technology could also be used in its relative valuation, which is a method of valuing Hennessy Technology by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hennessy Technology Market Strength Events
Market strength indicators help investors to evaluate how Hennessy Technology mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hennessy Technology shares will generate the highest return on investment. By undertsting and applying Hennessy Technology mutual fund market strength indicators, traders can identify Hennessy Technology Fund entry and exit signals to maximize returns.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 21.95 | |||
| Day Typical Price | 21.95 | |||
| Price Action Indicator | 0.095 | |||
| Period Momentum Indicator | 0.19 |
Hennessy Technology Risk Indicators
The analysis of Hennessy Technology's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Hennessy Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hennessy mutual fund prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.34 | |||
| Semi Deviation | 0.8811 | |||
| Standard Deviation | 3.59 | |||
| Variance | 12.9 | |||
| Downside Variance | 1.71 | |||
| Semi Variance | 0.7764 | |||
| Expected Short fall | (1.64) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Hennessy Technology
The number of cover stories for Hennessy Technology depends on current market conditions and Hennessy Technology's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Hennessy Technology is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Hennessy Technology's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Other Information on Investing in Hennessy Mutual Fund
Hennessy Technology 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 Technology security.
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