Hennessy Nerstone Growth Fund Price on May 18, 2023
| HFCGX Fund | USD 38.78 0.58 1.52% |
Below is the normalized historical share price chart for Hennessy Nerstone Growth extending back to May 28, 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 Nerstone stands at 38.78, as last reported on the 23rd of November, with the highest price reaching 38.78 and the lowest price hitting 38.78 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 Nerstone Growth holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hennessy Nerstone Growth, which you can use to evaluate the volatility of the entity. Please check out Hennessy Nerstone's Risk Adjusted Performance of 0.1083, market risk adjusted performance of 0.1329, and Downside Deviation of 1.18 to validate if the risk estimate we provide is consistent with the expected return of 0.13%.
Hennessy Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Hennessy |
Sharpe Ratio = 0.1054
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | HFCGX | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.23 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Hennessy Nerstone is performing at about 8% 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 Nerstone by adding it to a well-diversified portfolio.
Hennessy Nerstone Valuation on May 18, 2023
It is possible to determine the worth of Hennessy Nerstone on a given historical date. On May 18, 2023 Hennessy was worth 21.61 at the beginning of the trading date compared to the closed value of 21.61. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hennessy Nerstone mutual fund. Still, in general, we apply an absolute valuation method to find Hennessy Nerstone'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 Nerstone where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hennessy Nerstone's related companies.
| Open | High | Low | Close | Volume | |
| 21.40 | 21.40 | 21.40 | 21.40 | 1.00 | |
05/18/2023 | 21.61 | 21.61 | 21.61 | 21.61 | 1.00 |
| 21.48 | 21.48 | 21.48 | 21.48 | 1.00 |
| Backtest Hennessy Nerstone | | | Hennessy Nerstone History | | | Hennessy Nerstone Valuation | Previous | Next |
Hennessy Nerstone Trading Date Momentum on May 18, 2023
| On May 19 2023 Hennessy Nerstone Growth was traded for 21.48 at the closing time. The highest daily price throughout the period was 21.48 and the lowest price was 21.48 . There was no trading activity during the period 1.0. Lack of trading volume on 05/19/2023 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.60% . The trading delta at closing time to current closing price is 0.05% . |
Hennessy Nerstone Growth Fundamentals Correlations and Trends
By evaluating Hennessy Nerstone'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 Nerstone'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 Nerstone Mutual Fund history
Hennessy Nerstone 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 Nerstone Growth 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 Nerstone stock prices may prove useful in developing a viable investing in Hennessy Nerstone
The fund may invest in any company whose securities are listed on a U.S. national securities exchange, including through ADRs, which are U.S. dollar-denominated securities of foreign issuers listed on U.S. national securities exchanges. The fund invests in growth-oriented common stocks by utilizing a quantitative formula known as the Cornerstone Growth Strategy. It purchases these 50 stocks weighted equally by dollar amount, with 2 percent of the portfolios assets invested in each. Using the Growth Strategy, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the winter.
Hennessy Nerstone Mutual Fund Technical Analysis
Hennessy Nerstone 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 Nerstone Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Hennessy Nerstone Growth 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 Nerstone November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Hennessy Nerstone 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 Nerstone shares will generate the highest return on investment. By undertsting and applying Hennessy Nerstone mutual fund market strength indicators, traders can identify Hennessy Nerstone Growth entry and exit signals to maximize returns
Hennessy Nerstone Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hennessy Nerstone'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 | 0.1083 | |||
| Jensen Alpha | 0.0028 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0379 | |||
| Treynor Ratio | 0.1229 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Hennessy Mutual Fund
Hennessy Nerstone 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 Nerstone security.
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |