Hennessy Nerstone Financials
| HICVX Fund | USD 21.44 0.05 0.23% |
Hennessy |
Please note that you must use caution to infer results of funds future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost.
Hennessy Nerstone Fund Summary
Hennessy Nerstone competes with California High, Baird Strategic, T Rowe, Bbh Intermediate, and Gamco Global. The fund invests in larger, dividend-paying common stocks by utilizing a quantitative formula known as the Cornerstone Value Strategy . It purchases 50 stocks weighted equally by dollar amount, with 2 percent of the portfolios assets invested in each. Using the Value Strategy, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the winter.Specialization | Large Value, Large Value |
| Instrument | USA Mutual Fund View All |
| Exchange | NMFQS Exchange |
| Business Address | Hennessy Funds Trust |
| Mutual Fund Family | Hennessy |
| Mutual Fund Category | Large Value |
| Benchmark | Dow Jones Industrial |
| Phone | 800 966 4354 |
| Currency | USD - US Dollar |
Hennessy Nerstone Key Financial Ratios
Hennessy Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Hennessy Nerstone's current stock value. Our valuation model uses many indicators to compare Hennessy Nerstone value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Hennessy Nerstone competition to find correlations between indicators driving Hennessy Nerstone's intrinsic value. More Info.Hennessy Nerstone Value is one of the top funds in price to earning among similar funds. It also is one of the top funds in price to book among similar funds fabricating about 0.51 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Hennessy Nerstone Value is roughly 1.97 . 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 Nerstone's earnings, one of the primary drivers of an investment's value.Hennessy Nerstone Value Systematic Risk
Hennessy Nerstone's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Hennessy Nerstone volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty with a total number of output elements of thirty-one. The Beta measures systematic risk based on how returns on Hennessy Nerstone Value correlated with the market. If Beta is less than 0 Hennessy Nerstone generally moves in the opposite direction as compared to the market. If Hennessy Nerstone Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Hennessy Nerstone Value is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Hennessy Nerstone is generally in the same direction as the market. If Beta > 1 Hennessy Nerstone moves generally in the same direction as, but more than the movement of the benchmark.
Hennessy Nerstone December 15, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Hennessy Nerstone help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Hennessy Nerstone Value. We use our internally-developed statistical techniques to arrive at the intrinsic value of Hennessy Nerstone Value based on widely used predictive technical indicators. In general, we focus on analyzing Hennessy Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Hennessy Nerstone's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.4473 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 2.65 | |||
| Value At Risk | (0.81) | |||
| Potential Upside | 0.8372 |
Other Information on Investing in Hennessy Mutual Fund
Hennessy Nerstone financial ratios help investors to determine whether Hennessy Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hennessy with respect to the benefits of owning Hennessy Nerstone security.
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