Hennessy Large Cap Fund Technical Analysis
| HILFX Fund | USD 23.68 0.13 0.55% |
As of the 16th of April 2024, Hennessy Large retains the Downside Deviation of 1.25, market risk adjusted performance of 0.03, and Risk Adjusted Performance of 0.0224. Hennessy Large 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 analyze and collect data for nineteen technical drivers for Hennessy Large Cap, which can be compared to its competitors. Please check out Hennessy Large Cap coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Hennessy Large is priced fairly, providing market reflects its last-minute price of 23.68 per share.
Hennessy Large 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 Large 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 Large Cap Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 Large Cap volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Hennessy Large Cap Trend Analysis
Use this graph to draw trend lines for Hennessy Large Cap. You can use it to identify possible trend reversals for Hennessy Large 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 Large price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Hennessy Large Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Hennessy Large Cap applied against its price change over selected period. The best fit line has a slop of 0.04 , which means Hennessy Large Cap will continue generating value for investors. It has 122 observation points and a regression sum of squares at 51.35, which is the sum of squared deviations for the predicted Hennessy Large price change compared to its average price change.About Hennessy Large 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 Large Cap 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 Large Cap based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Hennessy Large Cap price pattern first instead of the macroeconomic environment surrounding Hennessy Large Cap. By analyzing Hennessy Large'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 Large'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 Large specific price patterns or momentum indicators. Please read more on our technical analysis page.
Hennessy Large April 16, 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.
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| Math Transform | ||
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| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0224 | |||
| Market Risk Adjusted Performance | 0.03 | |||
| Mean Deviation | 0.8745 | |||
| Semi Deviation | 1.16 | |||
| Downside Deviation | 1.25 | |||
| Coefficient Of Variation | 3536.51 | |||
| Standard Deviation | 1.18 | |||
| Variance | 1.39 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.02 | |||
| Maximum Drawdown | 7.26 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 1.54 | |||
| Downside Variance | 1.57 | |||
| Semi Variance | 1.35 | |||
| Expected Short fall | (0.94) | |||
| Skewness | (0.22) | |||
| Kurtosis | 1.65 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hennessy Large Cap. 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 census. Note that the Hennessy Large Cap information on this page should be used as a complementary analysis to other Hennessy Large'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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.