Hennessy Nerstone Equity Positions Weight vs. Five Year Return
| HICVX Fund | USD 21.44 0.05 0.23% |
For Hennessy Nerstone profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hennessy Nerstone to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Hennessy Nerstone Value utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hennessy Nerstone's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Hennessy Nerstone Value over time as well as its relative position and ranking within its peers.
Hennessy |
Hennessy Nerstone Value Five Year Return vs. Equity Positions Weight Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Hennessy Nerstone's current stock value. Our valuation model uses many indicators to compare Hennessy Nerstone value to that of its competitors to determine the firm's financial worth. Hennessy Nerstone Value is one of the top funds in equity positions weight among similar funds. It also is one of the top funds in five year return among similar funds reporting about 0.10 of Five Year Return per Equity Positions Weight. The ratio of Equity Positions Weight to Five Year Return for Hennessy Nerstone Value is roughly 9.92 . 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 Nerstone's earnings, one of the primary drivers of an investment's value.Hennessy Five Year Return vs. Equity Positions Weight
Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
Hennessy Nerstone |
| = | 98.72 % |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
Hennessy Nerstone |
| = | 9.95 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
Hennessy Five Year Return Comparison
Hennessy Nerstone is currently under evaluation in five year return among similar funds.
Hennessy Nerstone Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Hennessy Nerstone, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Hennessy Nerstone will eventually generate negative long term returns. The profitability progress is the general direction of Hennessy Nerstone's change in net profit over the period of time. It can combine multiple indicators of Hennessy Nerstone, 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 larger, dividend-paying common stocks by utilizing a quantitative formula known as the Cornerstone Value Strategy . It purchases 50 stocks weighted equally by dollar amount, with 2 percent of the portfolios assets invested in each. Using the Value Strategy, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the winter.
Hennessy Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Hennessy Nerstone. 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 Nerstone 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 Nerstone's important profitability drivers and their relationship over time.
Use Hennessy Nerstone 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 Nerstone 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 Nerstone will appreciate offsetting losses from the drop in the long position's value.Hennessy Nerstone Pair Trading
Hennessy Nerstone Value Pair Trading Analysis
The ability to find closely correlated positions to Hennessy Nerstone 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 Nerstone 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 Nerstone - 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 Nerstone Value to buy it.
The correlation of Hennessy Nerstone 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 Nerstone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hennessy Nerstone Value 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 Nerstone 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 Nerstone position
In addition to having Hennessy Nerstone 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?
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High Yield ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The High Yield ETFs theme has 106 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 High Yield ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Hennessy Mutual Fund
To fully project Hennessy Nerstone's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Hennessy Nerstone Value 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 Nerstone's income statement, its balance sheet, and the statement of cash flows.
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