Hennessy Balanced Cash Position Weight vs. Equity Positions Weight
| HBFBX Fund | USD 12.15 0.05 0.41% |
For Hennessy Balanced profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hennessy Balanced to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hennessy Balanced Fund utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hennessy Balanced's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hennessy Balanced Fund over time as well as its relative position and ranking within its peers.
Hennessy |
Hennessy Balanced Equity Positions Weight vs. Cash Position Weight Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Hennessy Balanced's current stock value. Our valuation model uses many indicators to compare Hennessy Balanced value to that of its competitors to determine the firm's financial worth. Hennessy Balanced Fund is one of the top funds in cash position weight among similar funds. It also is one of the top funds in equity positions weight among similar funds making about 8.18 of Equity Positions Weight per Cash Position Weight. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Hennessy Balanced's earnings, one of the primary drivers of an investment's value.Hennessy Equity Positions Weight vs. Cash Position Weight
Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.
Hennessy Balanced |
| = | 5.88 % |
Funds or ETFs that have over 40% of their value invested in low-risk instruments or cash equivalents typically attract conservative investors.
Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
Hennessy Balanced |
| = | 48.11 % |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
Hennessy Equity Positions Weight Comparison
Hennessy Balanced is currently under evaluation in equity positions weight among similar funds.
Hennessy Balanced Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Hennessy Balanced, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Hennessy Balanced will eventually generate negative long term returns. The profitability progress is the general direction of Hennessy Balanced's change in net profit over the period of time. It can combine multiple indicators of Hennessy Balanced, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund invests approximately 50 percent of its assets in roughly equal dollar amounts in the 10 highest dividend-yielding Dow Jones Industrial Average stocks , but limits exposure to market risk and volatility by investing approximately 50 percent of its assets in U.S. Treasury securities with a maturity of less than one year. It is non-diversified.
Hennessy Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Hennessy Balanced. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Hennessy Balanced position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Hennessy Balanced's important profitability drivers and their relationship over time.
Use Hennessy Balanced in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hennessy Balanced position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hennessy Balanced will appreciate offsetting losses from the drop in the long position's value.Hennessy Balanced Pair Trading
Hennessy Balanced Fund Pair Trading Analysis
The ability to find closely correlated positions to Hennessy Balanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hennessy Balanced when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hennessy Balanced - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hennessy Balanced Fund to buy it.
The correlation of Hennessy Balanced is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hennessy Balanced moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hennessy Balanced moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hennessy Balanced can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Hennessy Balanced position
In addition to having Hennessy Balanced in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Utilities Thematic Idea Now
Utilities
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Utilities theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Utilities Theme or any other thematic opportunities.
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Other Information on Investing in Hennessy Mutual Fund
To fully project Hennessy Balanced's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Hennessy Balanced at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Hennessy Balanced's income statement, its balance sheet, and the statement of cash flows.
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| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |