Hennessy Technology Competition

Mutual Funds . USA . 
Fund . Hennessy Technology Fund
HTECX Fund  USD 24.04  0.11  0.46%   
Hennessy Technology competes with Fidelity Advisor, Fidelity Advisor, SCOR PK, Morningstar Unconstrained, and Thrivent High; as well as few others. The fund is listed under Technology category and is part of Hennessy family. The entity is thematically classified as Tech Funds. Analyzing Hennessy Technology competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Hennessy Technology to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Hennessy Technology Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Hennessy Technology competition on your existing holdings.
  
Specify up to 10 symbols:
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hennessy Technology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
22.8724.0425.21
Details
Intrinsic
Valuation
LowRealHigh
20.6721.8426.44
Details
Naive
Forecast
LowNextHigh
23.7924.9626.13
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
22.0623.0724.08
Details

Hennessy Technology Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Hennessy Technology and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Hennessy and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Hennessy Technology does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
AAEVX
+ 0.91
MSTSX
AAEVX
+ 0.86
FIKBX
LBHIX
+ 0.84
MSTSX
MSTSX
+ 0.83
SCRYY
AAEVX
+ 0.8
LBHIX
LBHIX
+ 0.77
SCRYY
  
High negative correlations   
SCAXF
- 1.0
AQUI
VIASP
- 0.15
FIKAX
LBHIX
- 0.14
FIKAX
SCRYY
- 0.01
FIKAX
AAEVX
- 0.0
SCAXF
VIASP
- 0.0
SCAXF

Risk-Adjusted Indicators

There is a big difference between Hennessy Mutual Fund performing well and Hennessy Technology Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Hennessy Technology's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FIKBX  0.85  0.33  0.17 (1.98) 0.49 
(1.03)
 1.88 
(1.15)
 9.76 
FIKAX  0.98  0.02 (0.08) 0.63  1.43 
(0.89)
 2.07 
(2.79)
 5.82 
SCRYY  1.94  0.24  0.03 (8.82) 2.05 
(2.53)
 4.41 
(4.09)
 12.99 
AQUI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
MSTSX  0.53 (0.02)(0.10) 0.13  0.47 
(0.65)
 1.21 
(1.02)
 2.79 
LBHIX  0.12  0.03 (0.50) 0.81  0.00 
(0.28)
 0.24 
(0.24)
 0.96 
ID  3.61  0.36  0.03  4.02  4.70 
(4.64)
 7.69 
(7.69)
 23.97 
SCAXF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
VIASP  0.79  0.15  0.00  2.33  1.01 
(0.90)
 2.09 
(1.15)
 7.18 
AAEVX  0.53  0.14 (0.04)(1.68) 0.43 
(0.65)
 1.32 
(0.72)
 3.24 
All Fundamental Data

Hennessy Technology Competitive Analysis

The better you understand Hennessy Technology competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Hennessy Technology's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Hennessy Technology's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
HTECX FIKBX FIKAX SCRYY AQUI MSTSX LBHIX ID SCAXF VIASP
 0.46 
 24.04 
Hennessy
 1.91 
 39.44 
Fidelity
 0.68 
 50.27 
Fidelity
 0.46 
 2.20 
SCOR
 0.00 
 0.01 
Aquagold
 1.18 
 11.75 
Morningstar
 0.23 
 4.25 
Thrivent
 7.32 
 0.44 
SPACE
 0.00 
 0.02 
Sparta
 0.47 
 21.30 
Via
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Risky
Very steady
Very steady
Very steady
Very risky
Very steady
Very steady
Market Performance
(90 Days Performance)
Modest
Solid
Weak
Modest
Very Weak
OK
Solid
OK
Very Weak
OK
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Below Average
Average
Low
Low
Very High
Low
Average
Current Valuation
(Equity Enterprise Value)
Over Valued
Under Valued
Fairly Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Under Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Cautious Hold
Strong Sell
Strong Sell
Strong Sell
Strong Hold
Strong Sell
Strong Sell
Strong Sell
Strong Buy
Current Ratio
N/A
N/A
N/A
9.99
N/A
N/A
N/A
N/A
0.62
3.49
Net Asset
6.52 M
271.8 M
275.71 M
51.52 B
3.19 K
116.1 M
674.44 M
N/A
3.06 M
355.28 M
Profit Margin
N/A
N/A
N/A
-0.0209
N/A
N/A
N/A
N/A
-0.1
0.0094
EBITDA
N/A
N/A
N/A
1.23 B
(727.69 K)
N/A
N/A
N/A
(21.53 K)
33.09 M
Price To Book
4.25
N/A
N/A
0.67
N/A
N/A
1.58
N/A
34.42
N/A
Operating Margin
N/A
N/A
N/A
-0.0092
N/A
N/A
N/A
N/A
-0.15
-0.14
Current Valuation
N/A
N/A
N/A
4.75 B
912.76 K
N/A
N/A
N/A
5.73 M
535.95 M
Five Year Return
13.26
14.38
14.66
4.83
N/A
8.63
3.41
N/A
N/A
8.97
Retained Earnings
N/A
N/A
N/A
(645.5 M)
(4.18 M)
N/A
N/A
N/A
N/A
N/A
One Year Return
35.2
56.84
11.15
N/A
N/A
25.79
13.04
N/A
N/A
N/A
Beta
N/A
N/A
N/A
1.25
7.05
N/A
N/A
N/A
1.75
1.16
Cash Position Weight
0.05
0.88
0.37
N/A
N/A
14.28
6.56
N/A
N/A
N/A
Equity Positions Weight
99.95
99.12
99.63
N/A
N/A
61.63
0.07
N/A
N/A
N/A
Number Of Employees
1
1
1
3.59 K
7
1
1
N/A
8
169
Shares Outstanding
N/A
N/A
N/A
1.78 B
965.83 K
N/A
N/A
N/A
233.95 M
N/A
Three Year Return
4.87
10.84
19.58
N/A
N/A
6.51
2.52
N/A
N/A
N/A
Cash Flow From Operations
N/A
N/A
N/A
2.41 B
(218.19 K)
N/A
N/A
N/A
210.37 K
12.7 M
Annual Yield
N/A
0.0196
0.0217
0.0789
N/A
0.021
0.0617
N/A
N/A
0.0972
Total Debt
N/A
N/A
N/A
3.05 B
N/A
N/A
N/A
N/A
125 K
135 M
Return On Equity
N/A
N/A
N/A
-0.0574
N/A
N/A
N/A
N/A
N/A
0.017
Bond Positions Weight
N/A
N/A
N/A
N/A
N/A
22.72
92.23
N/A
N/A
N/A
Z Score
N/A
N/A
N/A
0.6
N/A
N/A
N/A
N/A
37.6
1.0
Holdings Turnover
N/A
N/A
N/A
N/A
N/A
269.0
N/A
N/A
N/A
N/A
Return On Asset
N/A
N/A
N/A
-0.002
-5.5
N/A
N/A
N/A
-0.21
-0.11
Book Value Per Share
N/A
N/A
N/A
3.04
-1.18
N/A
N/A
N/A
-0.002
3.66
Number Of Shares Shorted
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
4.29 K
Minimum Initial Investment
N/A
N/A
N/A
N/A
N/A
N/A
2 K
N/A
N/A
N/A
Current Liabilities
N/A
N/A
N/A
N/A
794 K
N/A
N/A
N/A
N/A
N/A
Total Asset
4.7 M
539.48 M
675.27 M
51.52 B
3.19 K
215.11 M
347.66 M
N/A
3.06 M
355.28 M
Last Dividend Paid
N/A
0.54
0.67
N/A
N/A
N/A
0.02
N/A
N/A
0.73
Debt To Equity
N/A
N/A
N/A
0.43
N/A
N/A
N/A
N/A
101.0
0.69
Short Ratio
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.7
Market Capitalization
N/A
N/A
N/A
4.35 B
96.58 K
50.36 M
N/A
947.97 K
7.72 M
N/A
Price To Earning
1.49
N/A
N/A
12.21
-0.22
N/A
35.48
N/A
19.55
26.83
Price To Earnings To Growth
N/A
N/A
N/A
0.28
N/A
N/A
N/A
N/A
N/A
N/A
Price To Sales
2.59
N/A
N/A
0.2
N/A
N/A
1.23
N/A
0.63
N/A
Net Income
N/A
N/A
N/A
456 M
(627.79 K)
N/A
N/A
N/A
(609.44 K)
5.2 M
Earnings Per Share
N/A
N/A
N/A
0.25
-0.63
N/A
N/A
N/A
-0.003
1.17
Shares Owned By Insiders
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
9.51
N/A
Year To Date Return
18.94
34.8
10.51
N/A
N/A
14.46
7.07
N/A
N/A
N/A
Revenue
N/A
N/A
N/A
16.03 B
N/A
N/A
N/A
N/A
5.19 M
393.49 M
Ten Year Return
9.23
6.37
-2.95
N/A
N/A
N/A
6.0
N/A
N/A
N/A
Working Capital
N/A
N/A
N/A
N/A
(794 K)
N/A
N/A
N/A
N/A
N/A
Cash And Equivalents
N/A
N/A
N/A
3.52 B
1.15 K
N/A
N/A
N/A
909.32 K
51.31 M
Cash Per Share
N/A
N/A
N/A
1.97
N/A
N/A
N/A
N/A
N/A
3.23
Gross Profit
N/A
N/A
N/A
(853 M)
(143.88 K)
N/A
N/A
N/A
3.68 M
74.67 M
Day Typical Price
24.04
39.44
50.27
2.2
0.006
11.75
4.25
0.44
0.0196
21.32
Accumulation Distribution
N/A
N/A
N/A
0.0489
N/A
N/A
N/A
36.07
N/A
3.99
Market Facilitation Index
N/A
N/A
N/A
0.11
N/A
N/A
N/A
0.0
N/A
0.0
Daily Balance Of Power
9.2 T
9.2 T
9.2 T
0.0909
0.0
(9,223,372,036,855)
(9,223,372,036,855)
3.0
0.0
(2.00)
Period Momentum Indicator
0.11
0.74
0.34
0.01
N/A
(0.14)
(0.01)
0.03
N/A
(0.10)
Rate Of Daily Change
1.0
1.02
1.01
1.0
1.0
0.99
1.0
1.07
1.0
1.0
Day Median Price
24.04
39.44
50.27
2.2
0.006
11.75
4.25
0.45
0.0196
21.33
Price Action Indicator
0.055
0.37
0.17
0.01
N/A
(0.07)
(0.01)
0.01
N/A
(0.07)
Relative Strength Index
56.75
61.47
37.87
51.31
N/A
49.59
42.02
60.95
N/A
51.72
Coefficient Of Variation
776.48
407.73
3341.73
1037.83
N/A
655.85
393.3
1275.04
N/A
702.46
Mean Deviation
0.8593
0.8478
0.9776
1.94
N/A
0.5339
0.1218
3.61
N/A
0.7879
Jensen Alpha
0.1526
0.3341
0.0223
0.2407
N/A
(0.02)
0.027
0.3598
N/A
0.1467
Total Risk Alpha
(0.10)
0.0404
(0.24)
(0.29)
N/A
(0.05)
(0)
(0.64)
N/A
(0.09)
Sortino Ratio
(0.01)
0.1713
(0.08)
0.0326
N/A
(0.10)
(0.50)
0.0334
N/A
(0)
Downside Variance
1.71
0.7697
2.51
5.66
N/A
0.4242
0.0635
41.6
N/A
1.64
Standard Deviation
1.19
1.3
1.33
2.56
N/A
0.6703
0.1713
4.9
N/A
1.18
Kurtosis
1.6
15.0
0.676
0.3904
N/A
(0.32)
2.94
1.95
N/A
4.95
Potential Upside
1.78
1.88
2.07
4.41
N/A
1.21
0.2415
7.69
N/A
2.09
Treynor Ratio
(2.41)
(1.98)
0.6316
(8.82)
N/A
0.1334
0.8123
4.02
N/A
2.33
Maximum Drawdown
5.77
9.76
5.82
12.99
N/A
2.79
0.9552
23.97
N/A
7.18
Variance
1.41
1.69
1.77
6.54
N/A
0.4492
0.0293
24.05
N/A
1.38
Market Risk Adjusted Performance
(2.40)
(1.97)
0.6416
(8.81)
N/A
0.1434
0.8223
4.03
N/A
2.34
Risk Adjusted Performance
0.1026
0.1928
0.0272
0.0811
N/A
0.1158
0.1607
0.0688
N/A
0.113
Skewness
(0.06)
2.72
(0.43)
0.2566
N/A
0.0332
1.0
(0.84)
N/A
(1.03)
Semi Deviation
1.1
0.4938
1.43
2.05
N/A
0.4684
0.0
4.7
N/A
1.01
Information Ratio
(0.01)
0.1155
(0.1)
0.0303
N/A
(0.1)
(0.73)
0.044
N/A
(0)
Value At Risk
(1.88)
(1.15)
(2.79)
(4.09)
N/A
(1.02)
(0.24)
(7.69)
N/A
(1.15)
Expected Short fall
(0.87)
(1.03)
(0.89)
(2.53)
N/A
(0.65)
(0.28)
(4.64)
N/A
(0.90)
Downside Deviation
1.31
0.8773
1.58
2.38
N/A
0.6513
0.252
6.45
N/A
1.28
Semi Variance
1.2
0.2438
2.05
4.19
N/A
0.2194
(0.04)
22.09
N/A
1.02

Hennessy Technology Competition Performance Charts

Five steps to successful analysis of Hennessy Technology Competition

Hennessy Technology's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Hennessy Technology in relation to its competition. Hennessy Technology's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Hennessy Technology in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Hennessy Technology's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Hennessy Technology, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Hennessy Technology position

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Other Information on Investing in Hennessy Mutual Fund

Hennessy Technology financial ratios help investors to determine whether Hennessy Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hennessy with respect to the benefits of owning Hennessy Technology security.
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