Hennessy Total Year To Date Return vs. Three Year Return
| HDOGX Fund | USD 13.15 0.06 0.46% |
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 Three Year Return vs. Year To Date Return 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 year to date return among similar funds. It also is one of the top funds in three year return among similar funds reporting about 1.63 of Three Year Return per Year To Date Return. 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 Three Year Return vs. Year To Date Return
Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
Hennessy Total |
| = | 2.97 % |
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
Hennessy Total |
| = | 4.85 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Hennessy Three Year Return Comparison
Hennessy Total is currently under evaluation in three year return 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 Apparel Thematic Idea Now
Apparel
Companies manufacturing textile accessories and apparel products. The Apparel theme has 42 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 Apparel 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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