Hennessy Focus Fund Technical Analysis

HFCIX Fund  USD 47.15  0.59  1.27%   
As of the 28th of March, Hennessy Focus retains the Market Risk Adjusted Performance of (0.07), risk adjusted performance of 0.0367, and Downside Deviation of 0.9626. Hennessy Focus 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 collect and analyze data for nineteen technical drivers for Hennessy Focus Fund, which can be compared to its competitors. Please check out Hennessy Focus Fund coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Hennessy Focus is priced fairly, providing market reflects its last-minute price of 47.15 per share.

Hennessy Focus 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 Hennessy
  
Hennessy Focus' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Hennessy Focus 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.
A focus of Hennessy Focus technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Hennessy Focus 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 Focus Fund Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Focus Fund volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Hennessy Focus Fund Trend Analysis

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

Hennessy Focus Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Hennessy Focus Fund applied against its price change over selected period. The best fit line has a slop of   0.06  , which means Hennessy Focus Fund will continue generating value for investors. It has 122 observation points and a regression sum of squares at 120.08, which is the sum of squared deviations for the predicted Hennessy Focus price change compared to its average price change.

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

Hennessy Focus 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.

Hennessy Focus 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.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hennessy Focus Fund. 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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Complementary Tools for Hennessy Mutual Fund analysis

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