Hennessy Balanced Fund Market Value
| HBFBX Fund | USD 12.22 0.05 0.41% |
| Symbol | Hennessy |
Hennessy Balanced 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Hennessy Balanced's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Hennessy Balanced.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Hennessy Balanced on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Hennessy Balanced Fund or generate 0.0% return on investment in Hennessy Balanced over 180 days. Hennessy Balanced is related to or competes with Hennessy Total, Hennessy Cornerstone, Hennessy Cornerstone, Villere Balanced, and Icon Financial. The fund invests approximately 50 percent of its assets in roughly equal dollar amounts in the 10 highest dividend-yield... More
Hennessy Balanced Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Hennessy Balanced's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Hennessy Balanced Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.379 | |||
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 1.74 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.5809 |
Hennessy Balanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hennessy Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hennessy Balanced's standard deviation. In reality, there are many statistical measures that can use Hennessy Balanced historical prices to predict the future Hennessy Balanced's volatility.| Risk Adjusted Performance | 0.0397 | |||
| Jensen Alpha | 0.0095 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.28) | |||
| Treynor Ratio | 0.3518 |
Hennessy Balanced Backtested Returns
At this stage we consider Hennessy Mutual Fund to be very steady. Hennessy Balanced holds Efficiency (Sharpe) Ratio of 0.0576, which attests that the entity had a 0.0576% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hennessy Balanced, which you can use to evaluate the volatility of the entity. Please check out Hennessy Balanced's Downside Deviation of 0.379, risk adjusted performance of 0.0397, and Market Risk Adjusted Performance of 0.3618 to validate if the risk estimate we provide is consistent with the expected return of 0.0216%. The fund retains a Market Volatility (i.e., Beta) of 0.041, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hennessy Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hennessy Balanced is expected to be smaller as well.
Auto-correlation | -0.31 |
Poor reverse predictability
Hennessy Balanced Fund has poor reverse predictability. Overlapping area represents the amount of predictability between Hennessy Balanced time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hennessy Balanced price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Hennessy Balanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Hennessy Balanced lagged returns against current returns
Autocorrelation, which is Hennessy Balanced mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Hennessy Balanced's mutual fund expected returns. We can calculate the autocorrelation of Hennessy Balanced returns to help us make a trade decision. For example, suppose you find that Hennessy Balanced has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Hennessy Balanced regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Hennessy Balanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hennessy Balanced mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hennessy Balanced mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hennessy Balanced Lagged Returns
When evaluating Hennessy Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hennessy Balanced mutual fund have on its future price. Hennessy Balanced autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Hennessy Balanced autocorrelation shows the relationship between Hennessy Balanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hennessy Balanced Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Hennessy Mutual Fund
Hennessy Balanced 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 Balanced security.
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