Hennessy Bp Energy Fund Price on March 25, 2024
| HNRIX Fund | USD 29.38 0.14 0.48% |
Below is the normalized historical share price chart for Hennessy Bp Energy extending back to October 29, 2018. 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 stands at 29.38, as last reported on the 1st of December, with the highest price reaching 29.38 and the lowest price hitting 29.38 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 Bp Energy holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hennessy Bp Energy, which you can use to evaluate the volatility of the entity. Please check out Hennessy's Downside Deviation of 1.28, risk adjusted performance of 0.094, and Market Risk Adjusted Performance of 0.1838 to validate if the risk estimate we provide is consistent with the expected return of 0.17%.
Hennessy Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Hennessy |
Sharpe Ratio = 0.1483
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Estimated Market Risk
| 1.17 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Hennessy is performing at about 11% 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 by adding it to a well-diversified portfolio.
Hennessy Valuation on March 25, 2024
It is possible to determine the worth of Hennessy on a given historical date. On March 25, 2024 Hennessy was worth 26.63 at the beginning of the trading date compared to the closed value of 26.63. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hennessy mutual fund. Still, in general, we apply an absolute valuation method to find Hennessy'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 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hennessy's related companies.
| Open | High | Low | Close | Volume | |
| 26.32 | 26.32 | 26.32 | 26.32 | 1.00 | |
03/25/2024 | 26.63 | 26.63 | 26.63 | 26.63 | 1.00 |
| 26.44 | 26.44 | 26.44 | 26.44 | 1.00 |
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Hennessy Trading Date Momentum on March 25, 2024
| On March 26 2024 Hennessy Bp Energy was traded for 26.44 at the closing time. The highest daily price throughout the period was 26.44 and the lowest price was 26.44 . There was no trading activity during the period 1.0. Lack of trading volume on 03/26/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.71% . The trading delta at closing time to current closing price is 4.06% . |
Hennessy Bp Energy Fundamentals Correlations and Trends
By evaluating Hennessy'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'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 Mutual Fund history
Hennessy 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 Bp Energy 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 stock prices may prove useful in developing a viable investing in Hennessy
Under normal circumstances, the fund invests at least 80 percent of its net assets in companies operating in the United States across the full spectrum of the energy supplydemand value chain, including traditional upstream, midstream, and downstream energy companies, as well as renewable energy companies and energy end users. Investments consist primarily of common stocks. The fund may also invest up to 25 percent of its total assets in securities of energy-related master limited partnerships .
Hennessy Mutual Fund Technical Analysis
Hennessy 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 Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Hennessy Bp Energy 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 December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Hennessy 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 shares will generate the highest return on investment. By undertsting and applying Hennessy mutual fund market strength indicators, traders can identify Hennessy Bp Energy entry and exit signals to maximize returns
Hennessy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hennessy'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 | 0.094 | |||
| Jensen Alpha | 0.0359 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0058 | |||
| Treynor Ratio | 0.1738 |
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Other Information on Investing in Hennessy Mutual Fund
Hennessy 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 security.
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |