Hennessy Bp Midstream Fund Price on December 1, 2020
| HMSIX Fund | USD 12.07 0.10 0.84% |
Below is the normalized historical share price chart for Hennessy Bp Midstream extending back to October 29, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Hennessy stands at 12.07, as last reported on the 24th of April, with the highest price reaching 12.07 and the lowest price hitting 12.07 during the day.
If you're considering investing in Hennessy Mutual Fund, it is important to understand the factors that can impact its price. Hennessy appears to be very steady, given 3 months investment horizon. Hennessy Bp Midstream holds Efficiency (Sharpe) Ratio of 0.26, which attests that the entity had a 0.26% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hennessy Bp Midstream, which you can use to evaluate the volatility of the entity. Please utilize Hennessy's Risk Adjusted Performance of 0.1845, downside deviation of 0.8002, and Market Risk Adjusted Performance of 0.3301 to validate if our risk estimates are consistent with your expectations.
Hennessy Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Hennessy |
Sharpe Ratio = 0.2591
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Estimated Market Risk
| 0.77 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.2 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.26 actual daily | 20 80% of assets perform better |
Based on monthly moving average Hennessy is performing at about 20% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Hennessy by adding it to a well-diversified portfolio.
Hennessy Valuation on December 1, 2020
It is possible to determine the worth of Hennessy on a given historical date. On December 1, 2020 Hennessy was worth 9.82 at the beginning of the trading date compared to the closed value of 8.02. 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 Hennessy 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 | |
04/11/2022 | 9.82 | 9.82 | 8.02 | 8.02 | 1.00 |
| 10.00 | 10.00 | 8.17 | 8.17 | 1.00 |
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Hennessy Trading Date Momentum on December 1, 2020
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.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 stock prices may prove useful in developing a viable investing in Hennessy
Under normal circumstances, the fund invests at least 80 percent of its net assets in midstream energy infrastructure companies. Investments consist primarily of master limited partnerships and common stocks. The fund may also invest in securities such as preferred stocks, warrants, equity-like instruments, and debt instruments. It is non-diversified.
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, fund market cycles, or different charting patterns.
Price Boundaries
Hennessy Period Price Range
Low | April 11, 2022
| High |
9.82 | 8.02 |
Hennessy April 24, 2024 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's price 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 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.
| Risk Adjusted Performance | 0.1845 | |||
| Jensen Alpha | 0.1588 | |||
| Total Risk Alpha | 0.1106 | |||
| Sortino Ratio | 0.1639 | |||
| Treynor Ratio | 0.3201 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hennessy Bp Midstream. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.