Hennessy Mutual Fund Price on June 1, 2021 Breakdown

HMSIX -  USA Fund  

USD 9.41  0.20  2.17%

Hennessy Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings. As of today, the current price of Hennessy is  9.41 , as last reported on the 23rd of October, with the highest price reaching  9.41  and the lowest price hitting  9.41  during the day.
We consider Hennessy not too volatile. Hennessy BP Midstream holds Efficiency (Sharpe) Ratio of 0.0655, which attests that the entity had 0.0655% of return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Hennessy BP Midstream, which you can use to evaluate the future volatility of the entity. Please check out Hennessy Risk Adjusted Performance of 0.0653, market risk adjusted performance of (0.48), and Downside Deviation of 1.65 to validate if the risk estimate we provide is consistent with the expected return of 0.0985%.

Hennessy Mutual Fund Price History 

 
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Hennessy Main Headline on 1st of June 2021

Hennessy BP Midstream dividend paid on 1st of June 2021

Hennessy Valuation on June 1, 2021

It is possible to determine the worth of Hennessy on a given historical date. On June 1, 2021 Hennessy was worth 8.82 at the beginning of the trading date compared to the closed value of 8.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hennessy mutual fund. Still, in general, we apply an absolute valuation method to find Hennessy's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Visa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hennessy's related companies.
 Open High Low Close Volume
  8.85    8.85    8.33    8.33    1.00  
06/01/2021
  8.82    8.82    8.55    8.55    1.00  
  8.92    8.92    8.65    8.65    1.00  
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Open Value
8.82
1st of June 2021
8.55
Closing Value
13.33
Upside

Hennessy Trading Date Momentum on June 1, 2021

On June 02 2021 Hennessy BP Midstream was traded for  8.65  at the closing time. The highest daily price throughout the period was 8.92  and the lowest price was  8.65 . There was no trading activity during the period 1.0. Lack of trading volume on 06/02/2021 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 1.17% . The trading delta at closing time to current closing price is 10.64% .

Hennessy BP Midstream Fundamentals Correlations and Trends

By evaluating Hennessy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Hennessy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hennessy financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Hennessy Mutual Fund history

Hennessy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Hennessy is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hennessy BP Midstream will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Hennessy historical stock prices may prove useful in developing a viable investing in Hennessy
The investment seeks capital appreciation through distribution growth and current income. Hennessy is traded on NASDAQ Exchange in the United States.

Hennessy Mutual Fund Technical Analysis

Hennessy 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, stock market cycles, or different charting patterns.
A focus of Hennessy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Hennessy trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Hennessy Period Price Range

Low
June 1, 2021
High

 8.82 

  

 8.55 

-0.27-3.06%

Hennessy October 23, 2021 Market Strength

Market strength indicators help investors to evaluate how Hennessy mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hennessy shares will generate the highest return on investment. By undertsting and applying Hennessy mutual fund market strength indicators, traders can identify Hennessy BP Midstream entry and exit signals to maximize returns

Hennessy Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Hennessy stock's direction in advance. Along with the technical and fundamental analysis of Hennessy Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hennessy to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen stock market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Please check Risk vs Return Analysis. Note that the Hennessy BP Midstream information on this page should be used as a complementary analysis to other Hennessy'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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Complementary Tools for Hennessy Mutual Fund analysis

When running Hennessy BP Midstream price analysis, check to measure Hennessy'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 is operating at the current time. Most of Hennessy's value examination focuses on studying past and present price action to predict the probability of Hennessy's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Hennessy's price. Additionally, you may evaluate how the addition of Hennessy to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Hennessy's value and its price as these two are different measures arrived at by different means. Investors typically determine Hennessy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hennessy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.