Hennessy Total Net Asset vs. Price To Book
| HDOGX Fund | USD 13.09 0.05 0.38% |
For Hennessy Total profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hennessy Total to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hennessy Total Return utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hennessy Total's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hennessy Total Return over time as well as its relative position and ranking within its peers.
Hennessy |
Hennessy Total Return Price To Book vs. Net Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Hennessy Total's current stock value. Our valuation model uses many indicators to compare Hennessy Total value to that of its competitors to determine the firm's financial worth. Hennessy Total Return is one of the top funds in net asset among similar funds. It also is one of the top funds in price to book among similar funds . The ratio of Net Asset to Price To Book for Hennessy Total Return is about 15,329,231 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Hennessy Total's earnings, one of the primary drivers of an investment's value.Hennessy Price To Book vs. Net Asset
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Hennessy Total |
| = | 49.82 M |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Hennessy Total |
| = | 3.25 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Hennessy Price To Book Comparison
Hennessy Total is currently under evaluation in price to book among similar funds.
Hennessy Total Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Hennessy Total, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Hennessy Total will eventually generate negative long term returns. The profitability progress is the general direction of Hennessy Total's change in net profit over the period of time. It can combine multiple indicators of Hennessy Total, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund invests in the 10 highest dividend-yielding Dow Jones Industrial Average stocks , and in U.S. Treasury securities with a maturity of less than one year. It invests approximately 50 percent of its assets in the 10 Dogs of the Dow stocks in roughly equal dollar amounts and approximately 50 percent of its assets in U.S. Treasury securities with a maturity of less than one year. The fund is non-diversified.
Hennessy Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Hennessy Total. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Hennessy Total position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Hennessy Total's important profitability drivers and their relationship over time.
Use Hennessy Total in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hennessy Total position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hennessy Total will appreciate offsetting losses from the drop in the long position's value.Hennessy Total Pair Trading
Hennessy Total Return Pair Trading Analysis
The ability to find closely correlated positions to Hennessy Total could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hennessy Total when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hennessy Total - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hennessy Total Return to buy it.
The correlation of Hennessy Total is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hennessy Total moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hennessy Total Return moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hennessy Total can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Hennessy Total position
In addition to having Hennessy Total in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Utilities - Regulated Electric Thematic Idea Now
Utilities - Regulated Electric
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Utilities - Regulated Electric theme has 7 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Utilities - Regulated Electric Theme or any other thematic opportunities.
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Other Information on Investing in Hennessy Mutual Fund
To fully project Hennessy Total's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Hennessy Total Return at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Hennessy Total's income statement, its balance sheet, and the statement of cash flows.
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