Hennessy Technology Fund Buy Hold or Sell Recommendation
| HTCIX Fund | USD 20.89 0.16 0.76% |
Assuming the 90 days horizon and your way above-average risk tolerance, our recommendation regarding Hennessy Technology Fund is 'Strong Hold'. Macroaxis provides Hennessy Technology buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding HTCIX positions. The advice algorithm takes into account all of Hennessy Technology's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Hennessy Technology's buy or sell advice are summarized below:
Real Value 21.1 | Hype Value 20.89 | Market Value 20.89 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Hennessy Technology Fund given historical horizon and risk tolerance towards Hennessy Technology. When Macroaxis issues a 'buy' or 'sell' recommendation for Hennessy Technology Fund, the advice is generated through an automated system that utilizes algorithms and statistical models.
Hennessy |
Execute Hennessy Technology Buy or Sell Advice
The Hennessy recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Hennessy Technology Fund. Macroaxis does not own or have any residual interests in Hennessy Technology Fund or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Hennessy Technology's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Responds to the market | Details | |
Analyst Consensus | Not Available | Details |
Hennessy Technology Trading Alerts and Improvement Suggestions
| Hennessy Technology generated a negative expected return over the last 90 days | |
| The fund retains 98.05% of its assets under management (AUM) in equities |
Hennessy Technology Returns Distribution Density
The distribution of Hennessy Technology's historical returns is an attempt to chart the uncertainty of Hennessy Technology's future price movements. The chart of the probability distribution of Hennessy Technology daily returns describes the distribution of returns around its average expected value. We use Hennessy Technology Fund price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Hennessy Technology returns is essential to provide solid investment advice for Hennessy Technology.
| Mean Return | 0.05 | Value At Risk | -1.83 | Potential Upside | 1.88 | Standard Deviation | 1.19 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Hennessy Technology historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Hennessy Technology Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Hennessy Technology or Hennessy sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Hennessy Technology's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Hennessy fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.05 | |
β | Beta against NYSE Composite | 1.45 | |
σ | Overall volatility | 1.16 | |
Ir | Information ratio | -0.02 |
Hennessy Technology Volatility Alert
Hennessy Technology Fund has relatively low volatility with skewness of -0.19 and kurtosis of -0.6. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Hennessy Technology's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Hennessy Technology's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Hennessy Technology Fundamentals Vs Peers
Comparing Hennessy Technology's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Hennessy Technology's direct or indirect competition across all of the common fundamentals between Hennessy Technology and the related equities. This way, we can detect undervalued stocks with similar characteristics as Hennessy Technology or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Hennessy Technology's fundamental indicators could also be used in its relative valuation, which is a method of valuing Hennessy Technology by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Hennessy Technology to competition |
| Fundamentals | Hennessy Technology | Peer Average |
| Price To Earning | 1.54 X | 6.53 X |
| Price To Book | 1.73 X | 0.74 X |
| Price To Sales | 1.28 X | 0.61 X |
| Year To Date Return | 4.15 % | 0.39 % |
| One Year Return | 27.11 % | 4.15 % |
| Three Year Return | 1.93 % | 3.60 % |
| Five Year Return | 11.88 % | 3.24 % |
| Ten Year Return | 9.53 % | 1.79 % |
| Net Asset | 6.52 M | 4.11 B |
| Minimum Initial Investment | 250 K | 976.16 K |
| Cash Position Weight | 1.95 % | 10.61 % |
| Equity Positions Weight | 98.05 % | 63.90 % |
Hennessy Technology Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Hennessy . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 20.89 | |||
| Day Typical Price | 20.89 | |||
| Price Action Indicator | (0.08) | |||
| Period Momentum Indicator | (0.16) |
About Hennessy Technology Buy or Sell Advice
When is the right time to buy or sell Hennessy Technology Fund? Buying financial instruments such as Hennessy Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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