Hennessy Small Cap Fund Manager Performance Evaluation
| HISFX Fund | USD 17.64 0.23 1.32% |
The fund retains a Market Volatility (i.e., Beta) of 2.18, 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 Small will likely underperform.
Risk-Adjusted Performance
7 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Hennessy Small Cap are ranked lower than 7 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak technical and fundamental indicators, Hennessy Small showed solid returns over the last few months and may actually be approaching a breakup point.
...more| Expense Ratio Date | 28th of February 2023 | |
| Expense Ratio | 1.3000 |
Hennessy |
Hennessy Small Relative Risk vs. Return Landscape
If you would invest 1,570 in Hennessy Small Cap on August 24, 2024 and sell it today you would earn a total of 194.00 from holding Hennessy Small Cap or generate 12.36% return on investment over 90 days. Hennessy Small Cap is currently producing 0.2042% returns and takes up 2.161% volatility of returns over 90 trading days. Put another way, 19% of traded mutual funds are less volatile than Hennessy, and 96% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Hennessy Small Current Valuation
Overvalued
Today
Please note that Hennessy Small's price fluctuation is not too volatile at this time. At this time, the entity appears to be overvalued. Hennessy Small Cap retains a regular Real Value of $15.99 per share. The prevalent price of the fund is $17.64. We determine the value of Hennessy Small Cap from evaluating fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we encourage acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will come together.
Since Hennessy Small is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Hennessy Mutual Fund. However, Hennessy Small's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 17.64 | Real 15.99 | Hype 17.64 | Naive 17.26 |
The intrinsic value of Hennessy Small's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Hennessy Small's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Hennessy Small Cap helps investors to forecast how Hennessy mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Hennessy Small more accurately as focusing exclusively on Hennessy Small's fundamentals will not take into account other important factors: Hennessy Small Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hennessy Small's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Hennessy Small Cap, and traders can use it to determine the average amount a Hennessy Small's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0945
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | HISFX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.16 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.2 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Hennessy Small is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Hennessy Small by adding it to a well-diversified portfolio.
Hennessy Small Fundamentals Growth
Hennessy Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Hennessy Small, and Hennessy Small fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Hennessy Mutual Fund performance.
| Price To Earning | 1.49 X | |||
| Price To Book | 1.56 X | |||
| Price To Sales | 5.72 X | |||
| Total Asset | 10.45 M | |||
About Hennessy Small Performance
Evaluating Hennessy Small's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Hennessy Small has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Hennessy Small has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Under normal circumstances, the fund invests at least 80 percent of its net assets in securities of small-cap companies principally engaged in the business of providing financial services. The funds manager considers a small-cap company to be one that has a market capitalization of less than 3 billion, measured at the time of purchase. It will not invest more than 5 percent of its total assets in the equity-related securities of any one company that derives more than 15 percent of its revenues from brokerage or investment management activities. The fund is non-diversified.Things to note about Hennessy Small Cap performance evaluation
Checking the ongoing alerts about Hennessy Small for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Hennessy Small Cap help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund retains 97.01% of its assets under management (AUM) in equities |
- Analyzing Hennessy Small's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Hennessy Small's stock is overvalued or undervalued compared to its peers.
- Examining Hennessy Small's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Hennessy Small's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Hennessy Small's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Hennessy Small's mutual fund. These opinions can provide insight into Hennessy Small's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Hennessy Mutual Fund
Hennessy Small 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 Small security.
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