Hennessy Bp Midstream Fund Market Value

HMSFX Fund  USD 12.48  0.23  1.88%   
Hennessy's market value is the price at which a share of Hennessy trades on a public exchange. It measures the collective expectations of Hennessy Bp Midstream investors about its performance. Hennessy is trading at 12.48 as of the 22nd of December 2024; that is 1.88 percent up since the beginning of the trading day. The fund's open price was 12.25.
With this module, you can estimate the performance of a buy and hold strategy of Hennessy Bp Midstream and determine expected loss or profit from investing in Hennessy over a given investment horizon. Check out Hennessy Correlation, Hennessy Volatility and Hennessy Alpha and Beta module to complement your research on Hennessy.
Symbol

Please note, there is a significant difference between Hennessy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hennessy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hennessy'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 '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's mutual fund 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.
0.00
10/23/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/22/2024
0.00
If you would invest  0.00  in Hennessy on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Hennessy Bp Midstream or generate 0.0% return on investment in Hennessy over 60 days. Hennessy is related to or competes with Cohen Steers, Virtus Select, Hennessy, Hennessy, and Eagle Mlp. Under normal circumstances, the fund invests at least 80 percent of its net assets in midstream energy infrastructure co... More

Hennessy 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's mutual fund 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 Bp Midstream upside and downside potential and time the market with a certain degree of confidence.

Hennessy Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Hennessy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hennessy's standard deviation. In reality, there are many statistical measures that can use Hennessy historical prices to predict the future Hennessy's volatility.
Hype
Prediction
LowEstimatedHigh
11.3012.4813.66
Details
Intrinsic
Valuation
LowRealHigh
11.6612.8414.02
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hennessy. Your research has to be compared to or analyzed against Hennessy's peers to derive any actionable benefits. When done correctly, Hennessy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Hennessy Bp Midstream.

Hennessy Bp Midstream Backtested Returns

At this stage we consider Hennessy Mutual Fund to be very steady. Hennessy Bp Midstream holds Efficiency (Sharpe) Ratio of 0.0867, which attests that the entity had a 0.0867% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hennessy Bp Midstream, which you can use to evaluate the volatility of the entity. Please check out Hennessy's Risk Adjusted Performance of 0.0876, downside deviation of 1.34, and Market Risk Adjusted Performance of 0.1726 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. The fund retains a Market Volatility (i.e., Beta) of 0.71, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hennessy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hennessy is expected to be smaller as well.

Auto-correlation

    
  -0.9  

Excellent reverse predictability

Hennessy Bp Midstream has excellent reverse predictability. Overlapping area represents the amount of predictability between Hennessy time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 Bp Midstream price movement. The serial correlation of -0.9 indicates that approximately 90.0% of current Hennessy price fluctuation can be explain by its past prices.
Correlation Coefficient-0.9
Spearman Rank Test-0.89
Residual Average0.0
Price Variance0.19

Hennessy Bp Midstream lagged returns against current returns

Autocorrelation, which is Hennessy mutual fund'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's mutual fund expected returns. We can calculate the autocorrelation of Hennessy returns to help us make a trade decision. For example, suppose you find that Hennessy has exhibited high autocorrelation historically, and you observe that the mutual fund 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 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 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hennessy mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hennessy mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Hennessy Lagged Returns

When evaluating Hennessy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hennessy mutual fund have on its future price. Hennessy 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 autocorrelation shows the relationship between Hennessy mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hennessy Bp Midstream.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Hennessy Mutual Fund

Hennessy 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 security.
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