Hennessy Gas Utility Fund Price on December 3, 2024
| GASFX Fund | USD 27.29 0.35 1.27% |
Below is the normalized historical share price chart for Hennessy Gas Utility extending back to May 26, 1989. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Hennessy Gas stands at 27.29, as last reported on the 11th of December 2024, with the highest price reaching 27.29 and the lowest price hitting 27.29 during the day.
If you're considering investing in Hennessy Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Hennessy Mutual Fund to be very steady. Hennessy Gas Utility holds Efficiency (Sharpe) Ratio of 0.0576, which attests that the entity had a 0.0576% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hennessy Gas Utility, which you can use to evaluate the volatility of the entity. Please check out Hennessy Gas' Risk Adjusted Performance of 0.0482, market risk adjusted performance of 0.2227, and Downside Deviation of 1.2 to validate if the risk estimate we provide is consistent with the expected return of 0.0569%.
Hennessy Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Hennessy |
Sharpe Ratio = 0.0576
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Estimated Market Risk
| 0.99 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Hennessy Gas is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Hennessy Gas by adding it to a well-diversified portfolio.
Hennessy Gas Valuation on December 3, 2024
It is possible to determine the worth of Hennessy Gas on a given historical date. On December 3, 2024 Hennessy was worth 29.46 at the beginning of the trading date compared to the closed value of 29.46. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hennessy Gas mutual fund. Still, in general, we apply an absolute valuation method to find Hennessy Gas' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Hennessy Gas where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hennessy Gas' related companies.
| Open | High | Low | Close | Volume | |
| 29.59 | 29.59 | 29.59 | 29.59 | 1.00 | |
12/03/2024 | 29.46 | 29.46 | 29.46 | 29.46 | 1.00 |
| 29.34 | 29.34 | 29.34 | 29.34 | 1.00 |
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Hennessy Gas Trading Date Momentum on December 3, 2024
| On December 04 2024 Hennessy Gas Utility was traded for 29.34 at the closing time. The highest daily price throughout the period was 29.34 and the lowest price was 29.34 . There was no trading activity during the period 1.0. Lack of trading volume on 12/04/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.41% . The trading delta at closing time to current closing price is 7.37% . |
Hennessy Gas Utility Fundamentals Correlations and Trends
By evaluating Hennessy Gas' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Hennessy Gas' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hennessy financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hennessy Gas Mutual Fund history
Hennessy Gas investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Hennessy is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hennessy Gas Utility will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Hennessy Gas stock prices may prove useful in developing a viable investing in Hennessy Gas
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.
Hennessy Gas Mutual Fund Technical Analysis
Hennessy Gas technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Hennessy Gas Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Hennessy Gas Utility cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Hennessy Gas December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Hennessy Gas 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 Gas shares will generate the highest return on investment. By undertsting and applying Hennessy Gas mutual fund market strength indicators, traders can identify Hennessy Gas Utility entry and exit signals to maximize returns
Hennessy Gas Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hennessy Gas' price direction in advance. Along with the technical and fundamental analysis of Hennessy Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hennessy to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0482 | |||
| Jensen Alpha | 0.0237 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.2127 |
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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.
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |