Hennessy Technology Fund Price on November 25, 2024
| HTCIX Fund | USD 24.72 0.14 0.57% |
Below is the normalized historical share price chart for Hennessy Technology Fund extending back to March 15, 2010. 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 Technology stands at 24.72, as last reported on the 1st of December, with the highest price reaching 24.72 and the lowest price hitting 24.72 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 Technology 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 Technology, which you can use to evaluate the volatility of the entity. Please check out Hennessy Technology's Market Risk Adjusted Performance of 0.0786, downside deviation of 1.38, and Risk Adjusted Performance of 0.0665 to validate if the risk estimate we provide is consistent with the expected return of 0.14%.
Hennessy Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Hennessy |
Sharpe Ratio = 0.1217
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Estimated Market Risk
| 1.12 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Hennessy Technology 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 Technology by adding it to a well-diversified portfolio.
Hennessy Technology Valuation on November 25, 2024
It is possible to determine the worth of Hennessy Technology on a given historical date. On November 25, 2024 Hennessy was worth 24.8 at the beginning of the trading date compared to the closed value of 24.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hennessy Technology mutual fund. Still, in general, we apply an absolute valuation method to find Hennessy Technology'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 Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hennessy Technology's related companies.
| Open | High | Low | Close | Volume | |
| 24.53 | 24.53 | 24.53 | 24.53 | 1.00 | |
11/25/2024 | 24.80 | 24.80 | 24.80 | 24.80 | 1.00 |
| 24.88 | 24.88 | 24.88 | 24.88 | 1.00 |
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Hennessy Technology Trading Date Momentum on November 25, 2024
| On November 26 2024 Hennessy Technology Fund was traded for 24.88 at the closing time. The highest daily price throughout the period was 24.88 and the lowest price was 24.88 . There was no trading activity during the period 1.0. Lack of trading volume on 11/26/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.32% . The trading delta at closing time to current closing price is 0.32% . |
Hennessy Technology Fundamentals Correlations and Trends
By evaluating Hennessy Technology'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 Technology'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 Technology Mutual Fund history
Hennessy Technology 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 Technology 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 Technology stock prices may prove useful in developing a viable investing in Hennessy Technology
The fund invests primarily in companies whose securities are listed on U.S. national securities exchanges, including through American Depositary Receipts , which are U.S. dollar-denominated securities of foreign issuers listed on U.S. national securities exchanges. Under normal circumstances, it invests at least 80 percent of its net assets in securities of companies that are principally engaged in the research, design, development, manufacturing, or distributing of products or services in the technology industry.
Hennessy Technology Mutual Fund Technical Analysis
Hennessy Technology 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 Technology Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Hennessy Technology Fund 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 Technology December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Hennessy Technology 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 Technology shares will generate the highest return on investment. By undertsting and applying Hennessy Technology mutual fund market strength indicators, traders can identify Hennessy Technology Fund entry and exit signals to maximize returns
Hennessy Technology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hennessy Technology'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 | 0.0665 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0686 |
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Other Information on Investing in Hennessy Mutual Fund
Hennessy Technology 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 Technology security.
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years |