Hennessy Nerstone Mid Fund Quote
| HFMDX Fund | USD 27.56 0.30 1.10% |
Performance7 of 100
| Odds Of DistressLess than 19
|
Hennessy Cornerstone is trading at 27.56 as of the 22nd of November 2024; that is 1.10 percent up since the beginning of the trading day. The fund's open price was 27.26. Hennessy Cornerstone has less than a 19 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for Hennessy Nerstone Mid are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of May 2024 and ending today, the 22nd of November 2024. Click here to learn more.
The fund normally invests at least 80 percent of its net assets in mid-cap growth-oriented common stocks by utilizing a quantitative formula known as the Cornerstone Mid Cap 30 Formula . It purchases 30 stocks weighted equally by dollar amount, with 3.33 percent of the portfolios assets invested in each. More on Hennessy Nerstone Mid
Moving together with Hennessy Mutual Fund
Hennessy Mutual Fund Highlights
| Thematic Idea | Small Value Funds (View all Themes) |
| Fund Concentration | Hennessy Funds, Large Funds, Small Value Funds, Small Value Funds, Small Value, Hennessy, Large, Small Value Funds (View all Sectors) |
| Update Date | 30th of September 2024 |
| Expense Ratio Date | 28th of February 2023 |
| Fiscal Year End | October |
Hennessy Nerstone Mid [HFMDX] is traded in USA and was established 22nd of November 2024. Hennessy Cornerstone is listed under Hennessy category by Fama And French industry classification. The fund is listed under Small Value category and is part of Hennessy family. The entity is thematically classified as Small Value Funds. This fund currently has accumulated 462.15 M in assets under management (AUM) with no minimum investment requirementsHennessy Nerstone Mid is currently producing year-to-date (YTD) return of 37.72%, while the total return for the last 3 years was 20.88%.
Check Hennessy Cornerstone Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Hennessy Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Hennessy Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Hennessy Nerstone Mid Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Hennessy Nerstone Mid Mutual Fund Constituents
| VSTO | Vista Outdoor | Stock | Consumer Discretionary | |
| SKX | Skechers USA | Stock | Consumer Discretionary | |
| NRG | NRG Energy | Stock | Utilities | |
| VMI | Valmont Industries | Stock | Industrials | |
| MAXR | Maxar Technologies | Stock | Industrials | |
| HUN | Huntsman | Stock | Materials | |
| FAF | First American | Stock | Financials | |
| UNM | Unum Group | Stock | Financials |
Hennessy Nerstone Mid Risk Profiles
| Mean Deviation | 0.9153 | |||
| Semi Deviation | 0.9945 | |||
| Standard Deviation | 1.23 | |||
| Variance | 1.52 |
Hennessy Cornerstone Against Markets
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.
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