Hennessy Nerstone Mid Fund Technical Analysis
HFMDX Fund | USD 23.22 0.01 0.04% |
As of the 28th of March, Hennessy Nerstone retains the Market Risk Adjusted Performance of 0.191, downside deviation of 1.07, and Risk Adjusted Performance of 0.1465. Hennessy Nerstone technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices. Simply put, you can use this information to find out if the entity will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to break down nineteen technical drivers for Hennessy Nerstone Mid, which can be compared to its competitors. Please check out Hennessy Nerstone Mid coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Hennessy Nerstone is priced fairly, providing market reflects its last-minute price of 23.22 per share.
Hennessy Nerstone Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Hennessy, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HennessyHennessy |
Hennessy Nerstone technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Hennessy Nerstone Mid Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Hennessy Nerstone Mid volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Hennessy Nerstone Mid Trend Analysis
Use this graph to draw trend lines for Hennessy Nerstone Mid. You can use it to identify possible trend reversals for Hennessy Nerstone as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Hennessy Nerstone price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Hennessy Nerstone Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Hennessy Nerstone Mid applied against its price change over selected period. The best fit line has a slop of 0.08 , which means Hennessy Nerstone Mid will continue generating value for investors. It has 122 observation points and a regression sum of squares at 213.28, which is the sum of squared deviations for the predicted Hennessy Nerstone price change compared to its average price change.About Hennessy Nerstone Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Hennessy Nerstone Mid on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Hennessy Nerstone Mid based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Hennessy Nerstone Mid price pattern first instead of the macroeconomic environment surrounding Hennessy Nerstone Mid. By analyzing Hennessy Nerstone's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Hennessy Nerstone's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Hennessy Nerstone specific price patterns or momentum indicators. Please read more on our technical analysis page.
Hennessy Nerstone March 28, 2024 Technical Indicators
Most technical analysis of Hennessy help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Hennessy from various momentum indicators to cycle indicators. When you analyze Hennessy charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.1465 | |||
Market Risk Adjusted Performance | 0.191 | |||
Mean Deviation | 0.8491 | |||
Semi Deviation | 0.8305 | |||
Downside Deviation | 1.07 | |||
Coefficient Of Variation | 391.76 | |||
Standard Deviation | 1.05 | |||
Variance | 1.09 | |||
Information Ratio | 0.1262 | |||
Jensen Alpha | 0.0796 | |||
Total Risk Alpha | 0.0218 | |||
Sortino Ratio | 0.1235 | |||
Treynor Ratio | 0.181 | |||
Maximum Drawdown | 4.18 | |||
Value At Risk | (1.78) | |||
Potential Upside | 1.87 | |||
Downside Variance | 1.14 | |||
Semi Variance | 0.6897 | |||
Expected Short fall | (0.95) | |||
Skewness | (0.38) | |||
Kurtosis | (0.22) |
Hennessy Nerstone March 28, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Hennessy stock. With literally thousands of 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.
Accumulation Distribution | 0.00 | ||
Daily Balance Of Power | Huge | ||
Rate Of Daily Change | 1.00 | ||
Day Median Price | 23.22 | ||
Day Typical Price | 23.22 | ||
Price Action Indicator | 0.00 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hennessy Nerstone Mid. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as various price indices. Note that the Hennessy Nerstone Mid information on this page should be used as a complementary analysis to other Hennessy Nerstone's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Hennessy Mutual Fund analysis
When running Hennessy Nerstone's price analysis, check to measure Hennessy Nerstone's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hennessy Nerstone is operating at the current time. Most of Hennessy Nerstone's value examination focuses on studying past and present price action to predict the probability of Hennessy Nerstone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hennessy Nerstone's price. Additionally, you may evaluate how the addition of Hennessy Nerstone to your portfolios can decrease your overall portfolio volatility.
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