Hennessy Technology Minimum Initial Investment vs. One Year Return

HTCIX Fund  USD 25.70  0.54  2.15%   
Based on the key profitability measurements obtained from Hennessy Technology's financial statements, Hennessy Technology Fund may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Hennessy Technology's ability to earn profits and add value for shareholders.
For Hennessy Technology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hennessy Technology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hennessy Technology Fund utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hennessy Technology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hennessy Technology Fund over time as well as its relative position and ranking within its peers.
  
Check out Risk vs Return Analysis.
Please note, there is a significant difference between Hennessy Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hennessy Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hennessy Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Hennessy Technology One Year Return vs. Minimum Initial Investment Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Hennessy Technology's current stock value. Our valuation model uses many indicators to compare Hennessy Technology value to that of its competitors to determine the firm's financial worth.
Hennessy Technology Fund is one of the top funds in minimum initial investment among similar funds. It also is one of the top funds in one year return among similar funds . The ratio of Minimum Initial Investment to One Year Return for Hennessy Technology Fund is about  9,095 . 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 Technology's earnings, one of the primary drivers of an investment's value.

Hennessy One Year Return vs. Minimum Initial Investment

Minimum Initial Investment refers to minimum amount the fund family or category will require an investor to deposit to acquire the very first position in the fund or to open an account. In other words, Minimum Initial Investment is a guarantee that any investment from a purchaser of a fund meets the minimum requirement of the fund.

Hennessy Technology

Minimum Initial Investment

=

First Fund Deposit

 = 
250 K
Fund managers put minimum investment restrictions on fund investments in order to allow the fund to function properly. Minimum restrictions allow fund managers to regulate cash flows of the fund, while guarding it against random trades that may negatively affect fund strategy.
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 Technology

One Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

 = 
27.49 %
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 Technology is currently under evaluation in one year return among similar funds.

Hennessy Technology Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Hennessy Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Hennessy Technology will eventually generate negative long term returns. The profitability progress is the general direction of Hennessy Technology's change in net profit over the period of time. It can combine multiple indicators of Hennessy Technology, 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 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.

Hennessy Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Hennessy Technology. 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 Technology 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 Technology's important profitability drivers and their relationship over time.

Use Hennessy Technology 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 Technology 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 Technology will appreciate offsetting losses from the drop in the long position's value.

Hennessy Technology Pair Trading

Hennessy Technology Fund Pair Trading Analysis

The ability to find closely correlated positions to Hennessy Technology 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 Technology 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 Technology - 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 Technology Fund to buy it.
The correlation of Hennessy Technology 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 Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hennessy Technology 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 Technology 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Hennessy Technology position

In addition to having Hennessy Technology 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.

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Apparel
Apparel Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Apparel theme has 50 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 Apparel Theme or any other thematic opportunities.
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Other Information on Investing in Hennessy Mutual Fund

To fully project Hennessy Technology's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Hennessy Technology 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 Technology's income statement, its balance sheet, and the statement of cash flows.
Potential Hennessy Technology investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Hennessy Technology investors may work on each financial statement separately, they are all related. The changes in Hennessy Technology's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Hennessy Technology's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
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