Hennessy Mutual Fund Technical Analysis

HMSFX -  USA Fund  

USD 7.75  0.03  0.39%

As of the 22nd of September, Hennessy retains the risk adjusted performance of (0.10), and Market Risk Adjusted Performance of (1.88). Hennessy 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 BP Midstream, which can be compared to its competitors. Please check out Hennessy BP Midstream coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Hennessy is priced fairly, providing market reflects its last-minute price of 7.75 per share.

Search Technical Analysis 

 
Refresh
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...

Hennessy BP Midstream Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Normalized Average True Range is used to analyze tradable apportunities for Hennessy BP Midstream across different markets. View also all equity analysis or get more info about normalized average true range volatility indicators indicator.

Hennessy BP Midstream Trend Analysis

Use this graph to draw trend lines for Hennessy BP Midstream. You can use it to identify possible trend reversals for Hennessy 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 price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Hennessy Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Hennessy BP Midstream applied against its price change over selected period. The best fit line has a slop of   -0.02  , which may suggest that Hennessy BP Midstream market price will keep on failing further. It has 122 observation points and a regression sum of squares at 9.24, which is the sum of squared deviations for the predicted Hennessy price change compared to its average price change.

About Hennessy 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 BP Midstream 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 BP Midstream based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Hennessy BP Midstream stock first instead of the macroeconomic environment surrounding Hennessy BP Midstream. By analyzing Hennessy'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'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 specific price patterns or momentum indicators. Please read more on our technical analysis page.

Hennessy September 22, 2021 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.
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 CEO Directory module to screen CEOs from public companies around the world.

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.
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Go
Stock Screener
Find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Go
Money Managers
Screen money managers from public funds and ETFs managed around the world
Go
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
Go
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Go
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Go
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.