Hennessy Cornerstone Ten Year Return vs. One Year Return
| HICGX Fund | USD 40.71 0.30 0.73% |
For Hennessy Cornerstone profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hennessy Cornerstone to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hennessy Nerstone Growth utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hennessy Cornerstone's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hennessy Nerstone Growth over time as well as its relative position and ranking within its peers.
Hennessy |
Hennessy Nerstone Growth One Year Return vs. Ten Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Hennessy Cornerstone's current stock value. Our valuation model uses many indicators to compare Hennessy Cornerstone value to that of its competitors to determine the firm's financial worth. Hennessy Nerstone Growth is one of the top funds in ten year return among similar funds. It also is one of the top funds in one year return among similar funds reporting about 8.05 of One Year Return per Ten Year Return. 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 Cornerstone's earnings, one of the primary drivers of an investment's value.Hennessy One Year Return vs. Ten Year Return
Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.
Hennessy Cornerstone |
| = | 6.64 % |
Although Ten Year Fund Return indicator can give a sense of overall fund long-term potential, it is recommended to compare funds performances against other similar funds or market benchmarks for the same 10-year interval.
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Hennessy Cornerstone |
| = | 53.47 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Hennessy One Year Return Comparison
Hennessy Nerstone is currently under evaluation in one year return among similar funds.
Hennessy Cornerstone Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Hennessy Cornerstone, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Hennessy Cornerstone will eventually generate negative long term returns. The profitability progress is the general direction of Hennessy Cornerstone's change in net profit over the period of time. It can combine multiple indicators of Hennessy Cornerstone, 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 may invest in any company whose securities are listed on a U.S. national securities exchange, including through ADRs, which are U.S. dollar-denominated securities of foreign issuers listed on U.S. national securities exchanges. The fund invests in growth-oriented common stocks by utilizing a quantitative formula known as the Cornerstone Growth Strategy. It purchases these 50 stocks weighted equally by dollar amount, with 2 percent of the portfolios assets invested in each. Using the Growth Strategy, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the winter.
Hennessy Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Hennessy Cornerstone. 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 Cornerstone 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 Cornerstone's important profitability drivers and their relationship over time.
Use Hennessy Cornerstone 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 Cornerstone 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 Cornerstone will appreciate offsetting losses from the drop in the long position's value.Hennessy Cornerstone Pair Trading
Hennessy Nerstone Growth Pair Trading Analysis
The ability to find closely correlated positions to Hennessy Cornerstone 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 Cornerstone 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 Cornerstone - 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 Nerstone Growth to buy it.
The correlation of Hennessy Cornerstone 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 Cornerstone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hennessy Nerstone Growth 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 Cornerstone 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 Cornerstone position
In addition to having Hennessy Cornerstone 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?
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Companies that are related to providing gambling services across multiple geographical areas by investing, exploring, or producing software, hardware, and related infrastructure for running gambling operations or trading speculative assets. The Gambling theme has 38 constituents at this time.
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Other Information on Investing in Hennessy Mutual Fund
To fully project Hennessy Cornerstone's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Hennessy Nerstone Growth 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 Cornerstone's income statement, its balance sheet, and the statement of cash flows.
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