Hennessy Ad Stock Market Value
| HNNA Stock | USD 10.40 0.04 0.39% |
| Symbol | Hennessy |
Hennessy Ad 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. 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 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 1.302 | Dividend Share 0.55 | Earnings Share 1.12 | Revenue Per Share | Quarterly Revenue Growth 0.58 |
The market value of Hennessy Ad 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's value that differs from its market value or its book value, called intrinsic value, which is Hennessy'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's market value can be influenced by many factors that don't directly affect Hennessy'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'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 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.
| 12/23/2024 |
| 03/23/2025 |
If you would invest 0.00 in Hennessy on December 23, 2024 and sell it all today you would earn a total of 0.00 from holding Hennessy Ad or generate 0.0% return on investment in Hennessy over 90 days. Hennessy is related to or competes with MFS Investment, Eaton Vance, Nuveen California, Federated Premier, and Blackrock Muniholdings. Hennessy Advisors, Inc. is publicly owned investment manager 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 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 Ad upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 13.35 | |||
| Value At Risk | (4.83) | |||
| Potential Upside | 3.17 |
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.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.31) |
Hennessy Ad Backtested Returns
Hennessy Ad holds Efficiency (Sharpe) Ratio of -0.0761, which attests that the entity had a -0.0761 % return per unit of risk over the last 3 months. Hennessy Ad exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hennessy's Market Risk Adjusted Performance of (0.30), risk adjusted performance of (0.11), and Standard Deviation of 2.61 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.17, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hennessy will likely underperform. At this point, Hennessy Ad has a negative expected return of -0.18%. Please make sure to check out Hennessy's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Hennessy Ad performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.04 |
Very weak reverse predictability
Hennessy Ad has very weak reverse predictability. Overlapping area represents the amount of predictability between Hennessy time series from 23rd of December 2024 to 6th of February 2025 and 6th of February 2025 to 23rd of March 2025. 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 Ad price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Hennessy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
Hennessy Ad lagged returns against current returns
Autocorrelation, which is Hennessy 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's stock 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 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hennessy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hennessy stock 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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in Hennessy Ad.
Regressed Prices |
| Timeline |
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Check out Hennessy Correlation, Hennessy Volatility and Hennessy Alpha and Beta module to complement your research on Hennessy. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Hennessy technical stock 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, stock market cycles, or different charting patterns.