American Century High Yield Municipal Fund Q2 2024 Commentary - Seeking Alpha
| HDOGX Fund | USD 13.70 0.01 0.07% |
Slightly above 56% of Hennessy Total's investor base is looking to short. The analysis of overall sentiment of trading Hennessy Total Return mutual fund suggests that many investors are alarmed at this time. Hennessy Total's investing sentiment can be driven by a variety of factors including economic data, Hennessy Total's earnings reports, geopolitical events, and overall market trends.
Hennessy |
American Century High Yield Municipal Fund Q2 2024 Commentary Seeking Alpha
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Hennessy Total Fundamental Analysis
We analyze Hennessy Total's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hennessy Total using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hennessy Total based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, 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.
Three Year Return
Three Year Return Comparative Analysis
Hennessy Total is currently under evaluation in three year return among similar funds. Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
Hennessy Total Return Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Hennessy Total mutual fund to make a market-neutral strategy. Peer analysis of Hennessy Total could also be used in its relative valuation, which is a method of valuing Hennessy Total by comparing valuation metrics with similar companies.
Peers
Hennessy Total Related Equities
| VIASP | Via Renewables | 0.77 | ||||
| ABHYX | High-yield Municipal | 0.33 | ||||
| LBHIX | Thrivent High | 0.24 | ||||
| RLBFX | American Balanced | 0.19 | ||||
| BRRAY | Barloworld | 0.00 | ||||
| MSTSX | Morningstar Unconstrained | 0.08 | ||||
| BALFX | American Balanced | 0.16 | ||||
| 444859BR2 | HUMANA | 1.70 |
Other Information on Investing in Hennessy Mutual Fund
Hennessy Total 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 Total security.
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