Hennessy Nerstone Mid Fund Price on April 18, 2024

HFMDX Fund  USD 24.32  0.09  0.37%   
Below is the normalized historical share price chart for Hennessy Nerstone Mid extending back to September 22, 2003. 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 24.32, as last reported on the 13th of December 2024, with the highest price reaching 24.32 and the lowest price hitting 24.32 during the day.
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Hennessy Mutual Fund, it is important to understand the factors that can impact its price. Hennessy Nerstone Mid holds Efficiency (Sharpe) Ratio of -0.0068, which attests that the entity had a -0.0068% return per unit of risk over the last 3 months. Hennessy Nerstone Mid exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hennessy Nerstone's Downside Deviation of 2.9, market risk adjusted performance of 0.1188, and Risk Adjusted Performance of 0.0286 to validate the risk estimate we provide.
  
Hennessy Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0068

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsHFMDX

Estimated Market Risk

 2.19
  actual daily
19
81% of assets are more volatile

Expected Return

 -0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Hennessy Nerstone is not performing at its full potential. However, 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 Hennessy Nerstone to a well-diversified portfolio.

Hennessy Nerstone Valuation on April 18, 2024

It is possible to determine the worth of Hennessy Nerstone on a given historical date. On April 18, 2024 Hennessy was worth 21.77 at the beginning of the trading date compared to the closed value of 21.77. 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
  21.95    21.95    21.95    21.95    1.00  
04/18/2024
  21.77    21.77    21.77    21.77    1.00  
  21.83    21.83    21.83    21.83    1.00  
Backtest Hennessy Nerstone  |  Hennessy Nerstone History  |  Hennessy Nerstone Valuation   PreviousNext  
Open Value
21.77
21.77
Closing Value
28.34
Upside

Hennessy Nerstone Trading Date Momentum on April 18, 2024

On April 19 2024 Hennessy Nerstone Mid was traded for  21.83  at the closing time. The highest daily price throughout the period was 21.83  and the lowest price was  21.83 . There was no trading activity during the period 1.0. Lack of trading volume on 04/19/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.28% . The trading delta at closing time to current closing price is 4.73% .

Hennessy Nerstone Mid 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 Mid 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 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. Using the Mid Cap 30 Formula, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the fall.

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.
A focus of Hennessy Nerstone technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Hennessy Nerstone trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Hennessy Nerstone Period Price Range

Low
December 13, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Hennessy Nerstone Mid 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 December 13, 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 Mid 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.

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.
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance