Hennessy Capital Investment Stock Market Value
| HCVI Stock | USD 10.52 0.01 0.1% |
| Symbol | Hennessy |
Is Trading space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hennessy Capital. If investors know Hennessy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hennessy Capital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Hennessy Capital Inv is measured differently than its book value, which is the value of Hennessy that is recorded on the company's balance sheet. Investors also form their own opinion of Hennessy Capital's value that differs from its market value or its book value, called intrinsic value, which is Hennessy Capital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hennessy Capital's market value can be influenced by many factors that don't directly affect Hennessy Capital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hennessy Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hennessy Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hennessy Capital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Hennessy Capital '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 Capital's stock 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 Capital.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in Hennessy Capital on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding Hennessy Capital Investment or generate 0.0% return on investment in Hennessy Capital over 90 days. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or... More
Hennessy Capital 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 Capital's stock 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 Capital Investment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 15.57 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 0.4753 |
Hennessy Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hennessy Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hennessy Capital's standard deviation. In reality, there are many statistical measures that can use Hennessy Capital historical prices to predict the future Hennessy Capital's volatility.| Risk Adjusted Performance | 0.0035 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.16) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hennessy Capital's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hennessy Capital Inv Backtested Returns
Hennessy Capital Inv holds Efficiency (Sharpe) Ratio of -0.002, which attests that the entity had a -0.002% return per unit of risk over the last 3 months. Hennessy Capital Inv exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hennessy Capital's Standard Deviation of 1.54, risk adjusted performance of 0.0035, and Market Risk Adjusted Performance of (0.15) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0817, which attests to not very significant fluctuations relative to the market. 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. At this point, Hennessy Capital Inv has a negative expected return of -0.0031%. Please make sure to check out Hennessy Capital's information ratio, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Hennessy Capital Inv performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Hennessy Capital Investment has very weak reverse predictability. Overlapping area represents the amount of predictability between Hennessy Capital time series from 30th of August 2024 to 14th of October 2024 and 14th of October 2024 to 28th 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 Capital Inv price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Hennessy Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hennessy Capital Inv lagged returns against current returns
Autocorrelation, which is Hennessy Capital stock'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 Capital's stock expected returns. We can calculate the autocorrelation of Hennessy Capital returns to help us make a trade decision. For example, suppose you find that Hennessy Capital has exhibited high autocorrelation historically, and you observe that the stock 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 Capital 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 Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hennessy Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hennessy Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Hennessy Capital Lagged Returns
When evaluating Hennessy Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hennessy Capital stock have on its future price. Hennessy Capital 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 Capital autocorrelation shows the relationship between Hennessy Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Hennessy Capital Investment.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Hennessy Capital Inv is a strong investment it is important to analyze Hennessy Capital's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Hennessy Capital's future performance. For an informed investment choice regarding Hennessy Stock, refer to the following important reports:Check out Hennessy Capital Correlation, Hennessy Capital Volatility and Hennessy Capital Alpha and Beta module to complement your research on Hennessy Capital. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Hennessy Capital technical stock 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, stock market cycles, or different charting patterns.