Hennessy Small Cap Fund Price on November 21, 2024
| HSFNX Fund | USD 32.17 0.43 1.35% |
Below is the normalized historical share price chart for Hennessy Small Cap extending back to July 02, 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 Small stands at 32.17, as last reported on the 26th of November, with the highest price reaching 32.17 and the lowest price hitting 32.17 during the day.
If you're considering investing in Hennessy Mutual Fund, it is important to understand the factors that can impact its price. Hennessy Small appears to be very steady, given 3 months investment horizon. Hennessy Small Cap holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hennessy Small Cap, which you can use to evaluate the volatility of the entity. Please utilize Hennessy Small's Market Risk Adjusted Performance of 0.1243, risk adjusted performance of 0.0956, and Downside Deviation of 1.46 to validate if our risk estimates are consistent with your expectations.
Hennessy Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Hennessy |
Sharpe Ratio = 0.123
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | HSFNX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.18 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.27 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Hennessy Small is performing at about 9% 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 Small by adding it to a well-diversified portfolio.
Hennessy Small Valuation on November 21, 2024
It is possible to determine the worth of Hennessy Small on a given historical date. On November 21, 2024 Hennessy was worth 30.94 at the beginning of the trading date compared to the closed value of 30.94. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hennessy Small mutual fund. Still, in general, we apply an absolute valuation method to find Hennessy Small'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 Small where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hennessy Small's related companies.
| Open | High | Low | Close | Volume | |
| 30.54 | 30.54 | 30.54 | 30.54 | 1.00 | |
11/21/2024 | 30.94 | 30.94 | 30.94 | 30.94 | 1.00 |
| 31.74 | 31.74 | 31.74 | 31.74 | 1.00 |
| Backtest Hennessy Small | | | Hennessy Small History | | | Hennessy Small Valuation | Previous | Next |
Hennessy Small Trading Date Momentum on November 21, 2024
| On November 22 2024 Hennessy Small Cap was traded for 31.74 at the closing time. The highest daily price throughout the period was 31.74 and the lowest price was 31.74 . There was no trading activity during the period 1.0. Lack of trading volume on 11/22/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 2.59% . The trading delta at closing time to current closing price is 3.98% . |
Hennessy Small Cap Fundamentals Correlations and Trends
By evaluating Hennessy Small'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 Small'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 Small Mutual Fund history
Hennessy Small 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 Small Cap 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 Small stock prices may prove useful in developing a viable investing in Hennessy Small
Under normal circumstances, the fund invests at least 80 percent of its net assets in securities of small-cap companies principally engaged in the business of providing financial services. The funds manager considers a small-cap company to be one that has a market capitalization of less than 3 billion, measured at the time of purchase. It will not invest more than 5 percent of its total assets in the equity-related securities of any one company that derives more than 15 percent of its revenues from brokerage or investment management activities. The fund is non-diversified.
Hennessy Small Mutual Fund Technical Analysis
Hennessy Small 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 Small Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Hennessy Small Cap 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 Small November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Hennessy Small 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 Small shares will generate the highest return on investment. By undertsting and applying Hennessy Small mutual fund market strength indicators, traders can identify Hennessy Small Cap entry and exit signals to maximize returns
Hennessy Small Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hennessy Small'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 | 0.0956 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0836 | |||
| Treynor Ratio | 0.1143 |
| 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 Small 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 Small security.
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios |