Hennessy Balanced Fund Price on November 6, 2024
| HBFBX Fund | USD 12.22 0.05 0.41% |
Below is the normalized historical share price chart for Hennessy Balanced Fund extending back to October 10, 1997. 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 Balanced stands at 12.22, as last reported on the 28th of November, with the highest price reaching 12.22 and the lowest price hitting 12.22 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 Balanced holds Efficiency (Sharpe) Ratio of 0.0269, which attests that the entity had a 0.0269% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hennessy Balanced, which you can use to evaluate the volatility of the entity. Please check out Hennessy Balanced's Market Risk Adjusted Performance of 0.3618, downside deviation of 0.379, and Risk Adjusted Performance of 0.0397 to validate if the risk estimate we provide is consistent with the expected return of 0.0098%.
Hennessy Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Hennessy |
Sharpe Ratio = 0.0269
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| Negative Returns | HBFBX |
Estimated Market Risk
| 0.36 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Hennessy Balanced is performing at about 2% 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 Balanced by adding it to a well-diversified portfolio.
Hennessy Balanced Valuation on November 6, 2024
It is possible to determine the worth of Hennessy Balanced on a given historical date. On November 6, 2024 Hennessy was worth 12.17 at the beginning of the trading date compared to the closed value of 12.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hennessy Balanced mutual fund. Still, in general, we apply an absolute valuation method to find Hennessy Balanced's 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 Balanced where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hennessy Balanced's related companies.
| Open | High | Low | Close | Volume | |
| 12.06 | 12.06 | 12.06 | 12.06 | 1.00 | |
11/06/2024 | 12.17 | 12.17 | 12.17 | 12.17 | 1.00 |
| 12.15 | 12.15 | 12.15 | 12.15 | 1.00 |
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Hennessy Balanced Trading Date Momentum on November 6, 2024
| On November 07 2024 Hennessy Balanced Fund was traded for 12.15 at the closing time. The highest daily price throughout the period was 12.15 and the lowest price was 12.15 . There was no trading activity during the period 1.0. Lack of trading volume on 11/07/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.16% . The trading delta at closing time to current closing price is 1.23% . |
Hennessy Balanced Fundamentals Correlations and Trends
By evaluating Hennessy Balanced's 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 Balanced's 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 Balanced Mutual Fund history
Hennessy Balanced 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 Balanced 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 Balanced stock prices may prove useful in developing a viable investing in Hennessy Balanced
The fund invests approximately 50 percent of its assets in roughly equal dollar amounts in the 10 highest dividend-yielding Dow Jones Industrial Average stocks , but limits exposure to market risk and volatility by investing approximately 50 percent of its assets in U.S. Treasury securities with a maturity of less than one year. It is non-diversified.
Hennessy Balanced Mutual Fund Technical Analysis
Hennessy Balanced 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 Balanced Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Hennessy Balanced Fund 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 Balanced November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Hennessy Balanced 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 Balanced shares will generate the highest return on investment. By undertsting and applying Hennessy Balanced mutual fund market strength indicators, traders can identify Hennessy Balanced Fund entry and exit signals to maximize returns
Hennessy Balanced Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hennessy Balanced's 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 | 0.0397 | |||
| Jensen Alpha | 0.0095 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.28) | |||
| Treynor Ratio | 0.3518 |
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Other Information on Investing in Hennessy Mutual Fund
Hennessy Balanced 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 Balanced security.
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |