Hennessy Total Return Fund Market Value
| HDOGX Fund | USD 13.56 0.07 0.51% |
| Symbol | Hennessy |
Hennessy Total '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 Total'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 Total.
| 02/07/2024 |
| 02/01/2025 |
If you would invest 0.00 in Hennessy Total on February 7, 2024 and sell it all today you would earn a total of 0.00 from holding Hennessy Total Return or generate 0.0% return on investment in Hennessy Total over 360 days. Hennessy Total is related to or competes with Hennessy Balanced, Hennessy Nerstone, Hennessy Cornerstone, Harbor Large, and Cullen High. The fund invests in the ten highest dividend-yielding Dow Jones Industrial Average stocks , and in U.S More
Hennessy Total 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 Total'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 Total Return upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5605 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 2.86 | |||
| Value At Risk | (0.81) | |||
| Potential Upside | 0.8221 |
Hennessy Total Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hennessy Total's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hennessy Total's standard deviation. In reality, there are many statistical measures that can use Hennessy Total historical prices to predict the future Hennessy Total's volatility.| Risk Adjusted Performance | 0.0391 | |||
| Jensen Alpha | 0.0045 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0903 |
Hennessy Total Return Backtested Returns
At this stage we consider Hennessy Mutual Fund to be very steady. Hennessy Total Return holds Efficiency (Sharpe) Ratio of 0.0532, which attests that the entity had a 0.0532 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hennessy Total Return, which you can use to evaluate the volatility of the entity. Please check out Hennessy Total's Market Risk Adjusted Performance of 0.1003, risk adjusted performance of 0.0391, and Downside Deviation of 0.5605 to validate if the risk estimate we provide is consistent with the expected return of 0.0287%. The fund retains a Market Volatility (i.e., Beta) of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hennessy Total's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hennessy Total is expected to be smaller as well.
Auto-correlation | 0.03 |
Virtually no predictability
Hennessy Total Return has virtually no predictability. Overlapping area represents the amount of predictability between Hennessy Total time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st of February 2025. 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 Total Return price movement. The serial correlation of 0.03 indicates that only 3.0% of current Hennessy Total price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Hennessy Total Return lagged returns against current returns
Autocorrelation, which is Hennessy Total 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 Total's mutual fund expected returns. We can calculate the autocorrelation of Hennessy Total returns to help us make a trade decision. For example, suppose you find that Hennessy Total 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 Total 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 Total mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hennessy Total 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 Total mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hennessy Total Lagged Returns
When evaluating Hennessy Total's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hennessy Total mutual fund have on its future price. Hennessy Total 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 Total autocorrelation shows the relationship between Hennessy Total mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hennessy Total Return.
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 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.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |