Hennessy Nerstone Value Fund Manager Performance Evaluation
| HICVX Fund | USD 21.44 0.05 0.23% |
The fund retains a Market Volatility (i.e., Beta) of 0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hennessy Nerstone's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hennessy Nerstone is expected to be smaller as well.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days Hennessy Nerstone Value has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Hennessy Nerstone is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio Date | 28th of February 2023 | |
| Expense Ratio | 1.0600 |
Hennessy |
Hennessy Nerstone Relative Risk vs. Return Landscape
If you would invest 2,168 in Hennessy Nerstone Value on September 15, 2024 and sell it today you would lose (24.00) from holding Hennessy Nerstone Value or give up 1.11% of portfolio value over 90 days. Hennessy Nerstone Value is currently producing negative expected returns and takes up 0.5176% volatility of returns over 90 trading days. Put another way, 4% of traded mutual funds are less volatile than Hennessy, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Hennessy Nerstone Current Valuation
Fairly Valued
Today
Please note that Hennessy Nerstone's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Hennessy Nerstone Value retains a regular Real Value of $21.56 per share. The prevalent price of the fund is $21.44. We determine the value of Hennessy Nerstone Value from evaluating fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we encourage acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will come together.
Since Hennessy Nerstone is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Hennessy Mutual Fund. However, Hennessy Nerstone's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 21.44 | Real 21.56 | Hype 21.44 | Naive 20.87 |
The intrinsic value of Hennessy Nerstone's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Hennessy Nerstone's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Hennessy Nerstone Value helps investors to forecast how Hennessy mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Hennessy Nerstone more accurately as focusing exclusively on Hennessy Nerstone's fundamentals will not take into account other important factors: Hennessy Nerstone Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hennessy Nerstone's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Hennessy Nerstone Value, and traders can use it to determine the average amount a Hennessy Nerstone's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0311
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | HICVX |
Estimated Market Risk
| 0.52 actual daily | 4 96% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Hennessy Nerstone 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 Nerstone by adding Hennessy Nerstone to a well-diversified portfolio.
Hennessy Nerstone Fundamentals Growth
Hennessy Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Hennessy Nerstone, and Hennessy Nerstone fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Hennessy Mutual Fund performance.
| Price To Earning | 3.81 X | ||||
| Price To Book | 1.93 X | ||||
| Price To Sales | 1.05 X | ||||
| Total Asset | 9.26 M | ||||
About Hennessy Nerstone Performance
Evaluating Hennessy Nerstone's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Hennessy Nerstone has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Hennessy Nerstone has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
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.Things to note about Hennessy Nerstone Value performance evaluation
Checking the ongoing alerts about Hennessy Nerstone for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Hennessy Nerstone Value help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Hennessy Nerstone generated a negative expected return over the last 90 days | |
| The fund retains 98.72% of its assets under management (AUM) in equities |
- Analyzing Hennessy Nerstone's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Hennessy Nerstone's stock is overvalued or undervalued compared to its peers.
- Examining Hennessy Nerstone's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Hennessy Nerstone's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Hennessy Nerstone's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Hennessy Nerstone's mutual fund. These opinions can provide insight into Hennessy Nerstone's potential for growth and whether the stock is currently undervalued or overvalued.
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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