Hennessy Technology Fund Market Value
| HTCIX Fund | USD 25.41 0.22 0.87% |
| Symbol | Hennessy |
Hennessy Technology 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Hennessy Technology's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Hennessy Technology.
| 04/20/2025 |
| 07/19/2025 |
If you would invest 0.00 in Hennessy Technology on April 20, 2025 and sell it all today you would earn a total of 0.00 from holding Hennessy Technology Fund or generate 0.0% return on investment in Hennessy Technology over 90 days. Hennessy Technology is related to or competes with California Municipal, Virtus Seix, Fidelity California, Transamerica Intermediate, Alpine Ultra, and Gamco Global. The fund invests primarily in companies listed on U.S More
Hennessy Technology Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Hennessy Technology's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Hennessy Technology Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9029 | |||
| Information Ratio | 0.2378 | |||
| Maximum Drawdown | 6.98 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 2.4 |
Hennessy Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hennessy Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hennessy Technology's standard deviation. In reality, there are many statistical measures that can use Hennessy Technology historical prices to predict the future Hennessy Technology's volatility.| Risk Adjusted Performance | 0.3281 | |||
| Jensen Alpha | 0.3209 | |||
| Total Risk Alpha | 0.2551 | |||
| Sortino Ratio | 0.335 | |||
| Treynor Ratio | 0.5045 |
Hennessy Technology Backtested Returns
Hennessy Technology appears to be very steady, given 3 months investment horizon. Hennessy Technology holds Efficiency (Sharpe) Ratio of 0.35, which attests that the entity had a 0.35 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hennessy Technology, which you can use to evaluate the volatility of the entity. Please utilize Hennessy Technology's Market Risk Adjusted Performance of 0.5145, downside deviation of 0.9029, and Risk Adjusted Performance of 0.3281 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 0.86, which attests to possible diversification benefits within a given portfolio. Hennessy Technology returns are very sensitive to returns on the market. As the market goes up or down, Hennessy Technology is expected to follow.
Auto-correlation | 0.86 |
Very good predictability
Hennessy Technology Fund has very good predictability. Overlapping area represents the amount of predictability between Hennessy Technology time series from 20th of April 2025 to 4th of June 2025 and 4th of June 2025 to 19th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hennessy Technology price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Hennessy Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Hennessy Technology lagged returns against current returns
Autocorrelation, which is Hennessy Technology mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Hennessy Technology's mutual fund expected returns. We can calculate the autocorrelation of Hennessy Technology returns to help us make a trade decision. For example, suppose you find that Hennessy Technology has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Hennessy Technology regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Hennessy Technology mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hennessy Technology mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hennessy Technology mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hennessy Technology Lagged Returns
When evaluating Hennessy Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hennessy Technology mutual fund have on its future price. Hennessy Technology autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Hennessy Technology autocorrelation shows the relationship between Hennessy Technology mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hennessy Technology Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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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