Hennessy Stance Esg Etf Price on December 23, 2024
| STNC Etf | USD 30.51 0.14 0.46% |
If you're considering investing in Hennessy Etf, it is important to understand the factors that can impact its price. As of today, the current price of Hennessy Stance stands at 30.51, as last reported on the 10th of January, with the highest price reaching 30.51 and the lowest price hitting 30.28 during the day. Hennessy Stance ESG holds Efficiency (Sharpe) Ratio of -0.0651, which attests that the entity had a -0.0651% return per unit of risk over the last 3 months. Hennessy Stance ESG exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hennessy Stance's Standard Deviation of 0.6683, risk adjusted performance of (0.03), and Market Risk Adjusted Performance of (0.13) to validate the risk estimate we provide.
Hennessy Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Hennessy |
Sharpe Ratio = -0.0651
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Estimated Market Risk
| 0.62 actual daily | 5 95% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Hennessy Stance is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Hennessy Stance by adding Hennessy Stance to a well-diversified portfolio.
Average Mkt Cap Mil 70.6 K |
Hennessy Stance Valuation on December 23, 2024
It is possible to determine the worth of Hennessy Stance on a given historical date. On December 23, 2024 Hennessy was worth 30.55 at the beginning of the trading date compared to the closed value of 30.62. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hennessy Stance etf. Still, in general, we apply an absolute valuation method to find Hennessy Stance's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Hennessy Stance where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hennessy Stance's related companies.
| Open | High | Low | Close | Volume | |
| 30.60 | 30.60 | 30.60 | 30.60 | 100.00 | |
12/23/2024 | 30.55 | 30.62 | 30.55 | 30.62 | 1,247 |
| 30.68 | 30.77 | 30.68 | 30.77 | 268.00 |
| Backtest Hennessy Stance | | | Hennessy Stance History | | | Hennessy Stance Valuation | Previous | Next |
Hennessy Stance Trading Date Momentum on December 23, 2024
| On December 24 2024 Hennessy Stance ESG was traded for 30.77 at the closing time. The top price for the day was 30.77 and the lowest listed price was 30.68 . The trading volume for the day was 268. The trading history from December 24, 2024 was a factor to the next trading day price growth. The trading price change against the next closing price was 0.49% . The trading delta at closing time against the current closing price is 0.39% . |
Hennessy Stance ESG Fundamentals Correlations and Trends
By evaluating Hennessy Stance's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Hennessy Stance's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hennessy financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hennessy Stance Etf history
Hennessy Stance investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Hennessy is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hennessy Stance ESG will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Hennessy Stance stock prices may prove useful in developing a viable investing in Hennessy Stance
The fund is an actively managed exchange-traded fund that will invest, under normal circumstances at least 80 percent of the value of its net assets in exchange-traded equity securities of U.S. large capitalization issuers that meet environmental, social, and governance standards, as determined by its sub-adviser. Stance Equity is traded on NYSEARCA Exchange in the United States.
Hennessy Stance Etf Technical Analysis
Hennessy Stance technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
Hennessy Stance Period Price Range
Low | January 10, 2025
| High |
0.00 | 0.00 |
Hennessy Stance ESG cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Hennessy Stance January 10, 2025 Market Strength
Market strength indicators help investors to evaluate how Hennessy Stance etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hennessy Stance shares will generate the highest return on investment. By undertsting and applying Hennessy Stance etf market strength indicators, traders can identify Hennessy Stance ESG entry and exit signals to maximize returns
Hennessy Stance Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hennessy Stance's price direction in advance. Along with the technical and fundamental analysis of Hennessy Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hennessy to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.14) |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Hennessy Stance ESG. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
The market value of Hennessy Stance ESG is measured differently than its book value, which is the value of Hennessy that is recorded on the company's balance sheet. Investors also form their own opinion of Hennessy Stance's value that differs from its market value or its book value, called intrinsic value, which is Hennessy Stance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hennessy Stance's market value can be influenced by many factors that don't directly affect Hennessy Stance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hennessy Stance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hennessy Stance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hennessy Stance'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.