Hennessy Small Cap Fund Manager Performance Evaluation

HSFNX Fund  USD 29.24  -0.41  -1.38%   
Below is a summary of HENNESSY SMALL's return history alongside the standard risk-adjusted performance metrics. Across the 3 months window, HENNESSY SMALL shows an expected return of 0.0362% and pays a 0.81% yield.
Risk-Adjusted Performance
Soft
 
Weak
 
Strong
Compared with the broader market, risk-adjusted returns on Hennessy Small Cap rank lower than 2% of all funds and fund portfolios over the last 90 days. HENNESSY SMALL is delivering weak return efficiency relative to its risk profile. Current price dislocation suggests continued short-term downside pressure for investors. Learn More

Relative Risk vs. Return Landscape

If you had invested $ 2,875 in Hennessy Small Cap on January 26, 2026 and sold it today you would have earned a total of $ 49.00 from holding Hennessy Small Cap or generated 1.7% return on investment over 90 days. Hennessy Small Cap is currently producing a 0.0362% return and carries 1.4052% volatility of returns over 90 trading days. Stated differently, HENNESSY is more volatile than roughly 88% of traded mutual funds, and HSFNX is outperformed by 99% of traded instruments in expected return over the next 90 trading days.
  Expected Return   
       Risk  
This benchmark view frames the instrument through return capture and volatility trade-offs. It highlights whether the current reward profile compensates for the level of uncertainty assumed. Based on a 90-day horizon, HSFNX generates 1.49 times more return on investment than the market. However, HSFNX is 1.49 times more volatile than its market benchmark. Its risk-adjusted efficiency stands at about 0.03% per unit of risk. Dow Jones Industrial is currently generating roughly 0.0% per unit of risk.

Historical Prices of Hennessy Small Cap

Below is the normalized historical share price chart for Hennessy Small Cap extending back to July 02, 1997. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of HENNESSY SMALL stands at 29.24, as last reported on the 26th of April, with the highest price reaching 29.24 and the lowest price hitting 29.24 during the day.
Macro event markers
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
 
Interest Hikes

Target Price Odds to finish over Current Price

The tendency of HENNESSY Mutual Fund price to converge on an average value over time is a well-known pattern in finance. Despite this pattern, historical data suggests that some funds remain persistently mispriced until markets correct. Persistent mispricings are often associated with additional risk factors that the market prices gradually over time.
Current PriceHorizonTarget PriceOdds moving above the current price in 90 days
29.24 90 days 29.24
about 34.78
Based on a normal probability distribution, the odds of HENNESSY SMALL moving above the current price in 90 days from now are about 34.78 . Over this horizon, the return distribution for this fund has leaned toward above-current outcomes historically. (The density curve centers on the price range the market has recently treated as most probable for HENNESSY Mutual Fund over the next 90 days).
Based on a 90-day horizon, the mutual fund has the beta coefficient of 1.09 . This usually indicates Hennessy Small Cap market returns are sensitive to returns on the market. As the market goes up or down, HENNESSY SMALL tends to follow. Additionally, Hennessy Small Cap has a negative alpha, implying that the risk taken by holding this instrument is not justified. HSFNX is significantly underperforming the Dow Jones Industrial.
   HENNESSY SMALL Price Density   
       Price  

Predictive Modules for HENNESSY SMALL

Numerous approaches exist for forecasting the fund market and estimating future values of Hennessy Small Cap. Although accurate forecasting remains elusive, the process of modeling scenarios is a valuable part of decision-making. The most effective strategy is often to combine methods and recognize that uncertainty limits any single forecast.
Experienced market participants anticipate that HENNESSY SMALL's price will even out over time. Periods when HENNESSY SMALL's deviates significantly from its historical mean may warrant further fundamental analysis. Mean reversion in HENNESSY SMALL's serves as a complement to momentum analysis.
Sentiment
Range
LowSentimentHigh
27.8329.2430.65
Details
Intrinsic
Valuation
LowIntrinsicHigh
27.7129.1230.53
Details
Naive
Forecast
LowNextHigh
27.1428.5429.95
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
26.9828.8830.78
Details
Competitive analysis for HENNESSY SMALL compares its financial performance and valuation metrics against sector peers. Cross-sectional comparison separates idiosyncratic performance from sector-level dynamics. HENNESSY SMALL's metrics are most informative when compared against the strongest and weakest performers in its sector.

Primary Risk Indicators

The last 10-20 years have been a volatile period for the mutual fund market, and HENNESSY SMALL is no exception. HENNESSY SMALL has experienced periods of rapid price declines followed by equally strong recoveries. A hedging strategy that accounts for HENNESSY SMALL's changing volatility and elasticity can protect against downside risk.
α
Alpha over Dow Jones
-0.001
β
Beta against Dow Jones1.09
σ
Overall volatility
1.15
Ir
Information ratio -0.0008

HENNESSY SMALL Fundamentals Growth

HENNESSY Mutual Fund prices reflect investors' perceptions of HENNESSY SMALL's future prospects and financial health. Revenue trajectory, earnings quality, profit margins, and leverage levels shape HENNESSY Mutual Fund market performance. HENNESSY SMALL's revenue trajectory, earnings quality, and leverage are the key drivers of HENNESSY Mutual Fund market valuation.

Performance Metrics & Calculation Methodology

Drawdown depth and recovery speed for HENNESSY SMALL frame how NAV responds under adverse market conditions. Historical performance suggests relatively contained downside variability.

Hennessy Small Cap metrics are compiled from fund disclosures and market reference feeds and normalized before display. Return and risk statistics are calculated from historical price series.

Editorial review and methodology oversight provided by: Raphi Shpitalnik, Junior Member of Macroaxis Editorial Board