Hennessy Year To Date Return vs. One Year Return
| HNRGX Fund | USD 28.94 0.10 0.35% |
For Hennessy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hennessy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hennessy Bp Energy utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hennessy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hennessy Bp Energy over time as well as its relative position and ranking within its peers.
Hennessy |
Hennessy Bp Energy One Year Return vs. Year To Date Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Hennessy's current stock value. Our valuation model uses many indicators to compare Hennessy value to that of its competitors to determine the firm's financial worth. Hennessy Bp Energy is rated # 2 fund in year to date return among similar funds. It also is rated # 2 fund in one year return among similar funds reporting about 0.97 of One Year Return per Year To Date Return. The ratio of Year To Date Return to One Year Return for Hennessy Bp Energy is roughly 1.03 . 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's earnings, one of the primary drivers of an investment's value.Hennessy One Year Return vs. Year To Date Return
Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
Hennessy |
| = | 21.96 % |
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
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 |
| = | 21.39 % |
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 is currently under evaluation in one year return among similar funds.
Hennessy Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Hennessy, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Hennessy will eventually generate negative long term returns. The profitability progress is the general direction of Hennessy's change in net profit over the period of time. It can combine multiple indicators of Hennessy, 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.
Under normal circumstances, the fund invests at least 80 percent of its net assets in companies operating in the United States across the full spectrum of the energy supplydemand value chain, including traditional upstream, midstream, and downstream energy companies, as well as renewable energy companies and energy end users. Investments consist primarily of common stocks. The fund may also invest up to 25 percent of its total assets in securities of energy-related master limited partnerships .
Hennessy Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Hennessy. 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 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's important profitability drivers and their relationship over time.
| Year To Date Return vs Three Year Return | ||
| Five Year Return vs One Year Return | ||
| Year To Date Return vs Net Asset | ||
| Cash Position Weight vs One Year Return | ||
| Year To Date Return vs Equity Positions Weight |
Use Hennessy 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 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 will appreciate offsetting losses from the drop in the long position's value.Hennessy Pair Trading
Hennessy Bp Energy Pair Trading Analysis
The ability to find closely correlated positions to Hennessy 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 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 - 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 Bp Energy to buy it.
The correlation of Hennessy 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hennessy Bp Energy 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 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 position
In addition to having Hennessy 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 Trading Thematic Idea Now
Trading
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Trading 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 Trading Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Hennessy Mutual Fund
To fully project Hennessy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Hennessy Bp Energy 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's income statement, its balance sheet, and the statement of cash flows.
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |