Hennessy Large Cap Fund Market Value
| HLFNX Fund | USD 31.81 0.35 1.11% |
| Symbol | Hennessy |
Hennessy Large '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 Large'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 Large.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Hennessy Large on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Hennessy Large Cap or generate 0.0% return on investment in Hennessy Large over 30 days. Hennessy Large is related to or competes with Hennessy Small, Hennessy Large, Baron Real, Hennessy Focus, and Hennessy Japan. The fund invests primarily in companies whose securities are listed on U.S More
Hennessy Large 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 Large'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 Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | 0.1123 | |||
| Maximum Drawdown | 13.73 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 2.63 |
Hennessy Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hennessy Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hennessy Large's standard deviation. In reality, there are many statistical measures that can use Hennessy Large historical prices to predict the future Hennessy Large's volatility.| Risk Adjusted Performance | 0.1469 | |||
| Jensen Alpha | 0.0908 | |||
| Total Risk Alpha | 0.0384 | |||
| Sortino Ratio | 0.1932 | |||
| Treynor Ratio | 0.1675 |
Hennessy Large Cap Backtested Returns
Hennessy Large appears to be very steady, given 3 months investment horizon. Hennessy Large Cap holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hennessy Large Cap, which you can use to evaluate the volatility of the entity. Please utilize Hennessy Large's Downside Deviation of 1.06, market risk adjusted performance of 0.1775, and Risk Adjusted Performance of 0.1469 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 1.94, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hennessy Large will likely underperform.
Auto-correlation | 0.60 |
Good predictability
Hennessy Large Cap has good predictability. Overlapping area represents the amount of predictability between Hennessy Large time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Large Cap price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Hennessy Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Hennessy Large Cap lagged returns against current returns
Autocorrelation, which is Hennessy Large 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 Large's mutual fund expected returns. We can calculate the autocorrelation of Hennessy Large returns to help us make a trade decision. For example, suppose you find that Hennessy Large 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 Large 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 Large mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hennessy Large 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 Large mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hennessy Large Lagged Returns
When evaluating Hennessy Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hennessy Large mutual fund have on its future price. Hennessy Large 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 Large autocorrelation shows the relationship between Hennessy Large mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hennessy Large Cap.
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 Large 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 Large security.
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Stocks Directory Find actively traded stocks across global markets | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |