Hennessy Capital Investment Stock Beta
| HCVIW Stock | USD 0.12 0.00 0.00% |
Hennessy Capital Investment fundamentals help investors to digest information that contributes to Hennessy Capital's financial success or failures. It also enables traders to predict the movement of Hennessy Stock. The fundamental analysis module provides a way to measure Hennessy Capital's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Hennessy Capital stock.
Hennessy |
Hennessy Capital Investment Company Beta Analysis
Hennessy Capital's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Hennessy Capital Beta | 0.073 |
Most of Hennessy Capital's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Hennessy Capital Investment is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Hennessy Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Hennessy Capital is extremely important. It helps to project a fair market value of Hennessy Stock properly, considering its historical fundamentals such as Beta. Since Hennessy Capital's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Hennessy Capital's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Hennessy Capital's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
CompetitionIn accordance with the recently published financial statements, Hennessy Capital Investment has a Beta of 0.073. This is 91.1% lower than that of the Capital Markets sector and significantly higher than that of the Financials industry. The beta for all United States stocks is 148.67% lower than that of the firm.
Hennessy Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hennessy Capital's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Hennessy Capital could also be used in its relative valuation, which is a method of valuing Hennessy Capital by comparing valuation metrics of similar companies.Hennessy Capital is currently under evaluation in beta category among its peers.
As returns on the market increase, Hennessy Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hennessy Capital is expected to be smaller as well.
Hennessy Fundamentals
| Return On Asset | -0.0186 | ||||
| Number Of Shares Shorted | 101.55 K | ||||
| EBITDA | 9.62 M | ||||
| Net Income | 6.4 M | ||||
| Cash And Equivalents | 26 K | ||||
| Total Debt | 1.1 M | ||||
| Book Value Per Share | (0.16) X | ||||
| Cash Flow From Operations | (4.24 M) | ||||
| Beta | 0.073 | ||||
| Total Asset | 271.46 M | ||||
| Retained Earnings | (7.86 M) | ||||
| Working Capital | (5.64 M) | ||||
| Net Asset | 271.46 M |
About Hennessy Capital Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hennessy Capital Investment's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hennessy Capital using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hennessy Capital Investment based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Hennessy Stock Analysis
When running Hennessy Capital's price analysis, check to measure Hennessy Capital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hennessy Capital is operating at the current time. Most of Hennessy Capital's value examination focuses on studying past and present price action to predict the probability of Hennessy Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hennessy Capital's price. Additionally, you may evaluate how the addition of Hennessy Capital to your portfolios can decrease your overall portfolio volatility.