Hennessy Technology Fund Manager Performance Evaluation
| HTCIX Fund | USD 24.65 0.29 1.19% |
The fund retains a Market Volatility (i.e., Beta) of 0.45, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hennessy Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hennessy Technology is expected to be smaller as well.
Risk-Adjusted Performance
6 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Hennessy Technology Fund are ranked lower than 6 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak forward indicators, Hennessy Technology may actually be approaching a critical reversion point that can send shares even higher in March 2025.
...more| Expense Ratio Date | 28th of February 2023 | |
| Expense Ratio | 0.9800 |
Hennessy |
Hennessy Technology Relative Risk vs. Return Landscape
If you would invest 2,319 in Hennessy Technology Fund on November 2, 2024 and sell it today you would earn a total of 146.00 from holding Hennessy Technology Fund or generate 6.3% return on investment over 90 days. Hennessy Technology Fund is currently producing 0.1138% returns and takes up 1.4384% volatility of returns over 90 trading days. Put another way, 12% of traded mutual funds are less volatile than Hennessy, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Hennessy Technology Current Valuation
Fairly Valued
Today
Please note that Hennessy Technology's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Hennessy Technology retains a regular Real Value of $24.57 per share. The prevalent price of the fund is $24.65. We determine the value of Hennessy Technology 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 Technology is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Hennessy Mutual Fund. However, Hennessy Technology'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 24.65 | Real 24.57 | Hype 24.65 | Naive 24.75 |
The intrinsic value of Hennessy Technology'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 Technology'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 Technology Fund 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 Technology more accurately as focusing exclusively on Hennessy Technology's fundamentals will not take into account other important factors: Hennessy Technology Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hennessy Technology's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Hennessy Technology Fund, and traders can use it to determine the average amount a Hennessy Technology'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 = 0.0791
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | HTCIX | High Risk | Huge Risk |
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Estimated Market Risk
| 1.44 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Hennessy Technology is performing at about 6% 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 Technology by adding it to a well-diversified portfolio.
Hennessy Technology Fundamentals Growth
Hennessy Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Hennessy Technology, and Hennessy Technology 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 | 1.54 X | ||||
| Price To Book | 1.73 X | ||||
| Price To Sales | 1.28 X | ||||
| Total Asset | 1.82 M | ||||
About Hennessy Technology Performance
Evaluating Hennessy Technology's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Hennessy Technology 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 Technology 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.
The fund invests primarily in companies whose securities are listed on U.S. national securities exchanges, including through American Depositary Receipts , which are U.S. dollar-denominated securities of foreign issuers listed on U.S. national securities exchanges. Under normal circumstances, it invests at least 80 percent of its net assets in securities of companies that are principally engaged in the research, design, development, manufacturing, or distributing of products or services in the technology industry.Things to note about Hennessy Technology performance evaluation
Checking the ongoing alerts about Hennessy Technology for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Hennessy Technology 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 98.05% of its assets under management (AUM) in equities |
- Analyzing Hennessy Technology'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 Technology's stock is overvalued or undervalued compared to its peers.
- Examining Hennessy Technology'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 Technology's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Hennessy Technology's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Hennessy Technology's mutual fund. These opinions can provide insight into Hennessy Technology's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Hennessy Mutual Fund
Hennessy Technology 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 Technology security.
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