Hennessy Stance Esg Etf Performance
| STNC Etf | USD 30.51 0.14 0.46% |
The etf retains a Market Volatility (i.e., Beta) of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hennessy Stance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hennessy Stance is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Hennessy Stance ESG has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, Hennessy Stance is not utilizing all of its potentials. The recent stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
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| In Threey Sharp Ratio | -0.05 |
Hennessy |
Hennessy Stance Relative Risk vs. Return Landscape
If you would invest 3,108 in Hennessy Stance ESG on October 11, 2024 and sell it today you would lose (57.00) from holding Hennessy Stance ESG or give up 1.83% of portfolio value over 90 days. Hennessy Stance ESG is currently does not generate positive expected returns and assumes 0.6249% risk (volatility on return distribution) over the 90 days horizon. In different words, 5% of etfs are less volatile than Hennessy, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Hennessy Stance Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hennessy Stance's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Hennessy Stance ESG, and traders can use it to determine the average amount a Hennessy Stance'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 = -0.0447
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| Negative Returns | STNC |
Estimated Market Risk
| 0.62 actual daily | 5 95% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 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.
Hennessy Stance Fundamentals Growth
Hennessy Etf prices reflect investors' perceptions of the future prospects and financial health of Hennessy Stance, and Hennessy Stance 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 Etf performance.
| Total Asset | 40.12 M | |||
About Hennessy Stance Performance
By analyzing Hennessy Stance's fundamental ratios, stakeholders can gain valuable insights into Hennessy Stance's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Hennessy Stance 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 Stance has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
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 ESG generated a negative expected return over the last 90 days | |
| The fund maintains 99.35% of its assets in stocks |
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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.