Hennessy Nerstone Value Fund Price on April 13, 2023
| HFCVX Fund | USD 22.32 0.17 0.77% |
Below is the normalized historical share price chart for Hennessy Nerstone Value extending back to July 29, 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 Cornerstone stands at 22.32, as last reported on the 24th of November, with the highest price reaching 22.32 and the lowest price hitting 22.32 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 Value holds Efficiency (Sharpe) Ratio of 0.0854, which attests that the entity had a 0.0854% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hennessy Nerstone Value, which you can use to evaluate the volatility of the entity. Please check out Hennessy Cornerstone's Downside Deviation of 0.4813, market risk adjusted performance of 0.1149, and Risk Adjusted Performance of 0.0962 to validate if the risk estimate we provide is consistent with the expected return of 0.047%.
Hennessy Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Hennessy |
Sharpe Ratio = 0.0854
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| Negative Returns | HFCVX |
Estimated Market Risk
| 0.55 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Hennessy Cornerstone is performing at about 6% 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 Cornerstone by adding it to a well-diversified portfolio.
Hennessy Cornerstone Valuation on April 13, 2023
It is possible to determine the worth of Hennessy Cornerstone on a given historical date. On April 13, 2023 Hennessy was worth 18.63 at the beginning of the trading date compared to the closed value of 18.63. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hennessy Cornerstone mutual fund. Still, in general, we apply an absolute valuation method to find Hennessy Cornerstone'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 Cornerstone where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hennessy Cornerstone's related companies.
| Open | High | Low | Close | Volume | |
| 18.49 | 18.49 | 18.49 | 18.49 | 1.00 | |
04/13/2023 | 18.63 | 18.63 | 18.63 | 18.63 | 1.00 |
| 18.68 | 18.68 | 18.68 | 18.68 | 1.00 |
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Hennessy Cornerstone Trading Date Momentum on April 13, 2023
| On April 14 2023 Hennessy Nerstone Value was traded for 18.68 at the closing time. The highest daily price throughout the period was 18.68 and the lowest price was 18.68 . There was no trading activity during the period 1.0. Lack of trading volume on 04/14/2023 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.27% . The trading delta at closing time to current closing price is 0.21% . |
Hennessy Nerstone Value Fundamentals Correlations and Trends
By evaluating Hennessy Cornerstone'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 Cornerstone'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 Cornerstone Mutual Fund history
Hennessy Cornerstone 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 Value 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 Cornerstone stock prices may prove useful in developing a viable investing in Hennessy Cornerstone
The fund invests in larger, dividend-paying common stocks by utilizing a quantitative formula known as the Cornerstone Value Strategy . It purchases 50 stocks weighted equally by dollar amount, with 2 percent of the portfolios assets invested in each. Using the Value Strategy, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the winter.
Hennessy Cornerstone Mutual Fund Technical Analysis
Hennessy Cornerstone 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 Cornerstone Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
Hennessy Nerstone Value 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 Cornerstone November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Hennessy Cornerstone 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 Cornerstone shares will generate the highest return on investment. By undertsting and applying Hennessy Cornerstone mutual fund market strength indicators, traders can identify Hennessy Nerstone Value entry and exit signals to maximize returns
Hennessy Cornerstone Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hennessy Cornerstone'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 | 0.0962 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.1049 |
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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.
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets |