Hennessy Capital Investment Stock Market Value
| HCVIW Stock | USD 0.12 0.01 7.69% |
| Symbol | Hennessy |
Hennessy Capital Inv Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hennessy Capital. If investors know Hennessy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hennessy Capital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.392 | Return On Assets (0.02) |
The market value of Hennessy Capital Inv 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 Capital's value that differs from its market value or its book value, called intrinsic value, which is Hennessy Capital'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 Capital's market value can be influenced by many factors that don't directly affect Hennessy Capital'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 Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hennessy Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hennessy Capital'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 Capital 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Hennessy Capital's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Hennessy Capital.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Hennessy Capital on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Hennessy Capital Investment or generate 0.0% return on investment in Hennessy Capital over 720 days. Hennessy Capital is related to or competes with Hennessy Capital. VI focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar ... More
Hennessy Capital Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Hennessy Capital's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Hennessy Capital Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.63 | |||
| Information Ratio | 0.065 | |||
| Maximum Drawdown | 93.56 | |||
| Value At Risk | (17.65) | |||
| Potential Upside | 18.18 |
Hennessy Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hennessy Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hennessy Capital's standard deviation. In reality, there are many statistical measures that can use Hennessy Capital historical prices to predict the future Hennessy Capital's volatility.| Risk Adjusted Performance | 0.0629 | |||
| Jensen Alpha | 1.14 | |||
| Total Risk Alpha | (1.20) | |||
| Sortino Ratio | 0.0467 | |||
| Treynor Ratio | (1.09) |
Hennessy Capital Inv Backtested Returns
Hennessy Capital is out of control given 3 months investment horizon. Hennessy Capital Inv holds Efficiency (Sharpe) Ratio of 0.25, which attests that the entity had a 0.25% return per unit of risk over the last 3 months. We were able to collect and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 3.02% are justified by taking the suggested risk. Use Hennessy Capital Investment Risk Adjusted Performance of 0.0629, downside deviation of 19.63, and Market Risk Adjusted Performance of (1.08) to evaluate company specific risk that cannot be diversified away. Hennessy Capital holds a performance score of 19 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -0.94, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Hennessy Capital are expected to decrease slowly. On the other hand, during market turmoil, Hennessy Capital is expected to outperform it slightly. Use Hennessy Capital Investment maximum drawdown, as well as the relationship between the skewness and day typical price , to analyze future returns on Hennessy Capital Investment.
Auto-correlation | 0.22 |
Weak predictability
Hennessy Capital Investment has weak predictability. Overlapping area represents the amount of predictability between Hennessy Capital time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hennessy Capital Inv price movement. The serial correlation of 0.22 indicates that over 22.0% of current Hennessy Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hennessy Capital Inv lagged returns against current returns
Autocorrelation, which is Hennessy Capital stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Hennessy Capital's stock expected returns. We can calculate the autocorrelation of Hennessy Capital returns to help us make a trade decision. For example, suppose you find that Hennessy Capital has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Hennessy Capital regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Hennessy Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hennessy Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hennessy Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Hennessy Capital Lagged Returns
When evaluating Hennessy Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hennessy Capital stock have on its future price. Hennessy Capital autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Hennessy Capital autocorrelation shows the relationship between Hennessy Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Hennessy Capital Investment.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Hennessy Stock Analysis
When running Hennessy Capital's price analysis, check to measure Hennessy Capital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hennessy Capital is operating at the current time. Most of Hennessy Capital's value examination focuses on studying past and present price action to predict the probability of Hennessy Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hennessy Capital's price. Additionally, you may evaluate how the addition of Hennessy Capital to your portfolios can decrease your overall portfolio volatility.