Hennessy Capital Correlations
| HCVIW Stock | USD 0.14 0.02 12.50% |
The correlation of Hennessy Capital 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Hennessy Capital Correlation With Market
Very good diversification
The correlation between Hennessy Capital Investment and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hennessy Capital Investment and DJI in the same portfolio, assuming nothing else is changed.
Hennessy |
Moving against Hennessy Stock
| 0.37 | CNF | CNFinance Holdings | PairCorr |
| 0.36 | MA | Mastercard | PairCorr |
| 0.34 | DFS | Discover Financial | PairCorr |
| 0.32 | COF | Capital One Financial | PairCorr |
| 0.41 | UPST | Upstart Holdings | PairCorr |
| 0.4 | AC | Associated Capital | PairCorr |
| 0.39 | APAM | Artisan Partners Asset | PairCorr |
| 0.39 | BBDC | Barings BDC | PairCorr |
| 0.35 | COOP | Mr Cooper Group | PairCorr |
| 0.31 | BY | Byline Bancorp | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Hennessy Stock performing well and Hennessy Capital Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Hennessy Capital's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HWELW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HCVI | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.28 | 0.75 | |||
| GPACW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BMAQW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GHIXW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Hennessy Capital Corporate Executives
Elected by the shareholders, the Hennessy Capital's board of directors comprises two types of representatives: Hennessy Capital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hennessy. The board's role is to monitor Hennessy Capital's management team and ensure that shareholders' interests are well served. Hennessy Capital's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hennessy Capital's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Nicholas Geeza | CFO, VP | Profile |