Hennessy Bp Energy Fund Quote
| HNRGX Fund | USD 27.38 0.10 0.37% |
Performance19 of 100
| Odds Of DistressLess than 16
|
Hennessy is trading at 27.38 as of the 28th of April 2024; that is 0.37 percent up since the beginning of the trading day. The fund's open price was 27.28. Hennessy has less than a 16 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. Equity ratings for Hennessy Bp Energy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of March 2024 and ending today, the 28th of April 2024. Click here to learn more.
Under normal circumstances, the fund invests at least 80 percent of its net assets in companies operating in the United States across the full spectrum of the energy supplydemand value chain, including traditional upstream, midstream, and downstream energy companies, as well as renewable energy companies and energy end users. More on Hennessy Bp Energy
Moving together with Hennessy Mutual Fund
| 0.73 | HICGX | Hennessy Nerstone Growth | PairCorr |
| 0.9 | HICVX | Hennessy Nerstone Value | PairCorr |
| 0.84 | HIMDX | Hennessy Nerstone Mid | PairCorr |
| 0.85 | HILFX | Hennessy Large Cap | PairCorr |
| 0.85 | HILGX | Hennessy Nerstone Large | PairCorr |
| 0.63 | HJPIX | Hennessy Japan | PairCorr |
Moving against Hennessy Mutual Fund
| 0.45 | HISFX | Hennessy Small Cap | PairCorr |
| 0.45 | HSFNX | Hennessy Small Cap | PairCorr |
Hennessy Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Hennessy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Hennessy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Energy Funds (View all Themes) |
| Fund Concentration | Hennessy Funds, Large Funds, Equity Energy Funds, Energy Funds, Equity Energy, Hennessy, Large, Equity Energy (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 28th of February 2023 |
| Fiscal Year End | October |
Hennessy Bp Energy [HNRGX] is traded in USA and was established 28th of April 2024. Hennessy is listed under Hennessy category by Fama And French industry classification. The fund is listed under Equity Energy category and is part of Hennessy family. The entity is thematically classified as Energy Funds. This fund currently has accumulated 18.57 M in assets under management (AUM) with no minimum investment requirementsHennessy Bp Energy is currently producing year-to-date (YTD) return of 15.38%, while the total return for the last 3 years was 28.84%.
Check Hennessy Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Hennessy Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Hennessy Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Hennessy Bp Energy Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Hennessy Bp Energy Mutual Fund Constituents
| TRGP | Targa Resources | Stock | Energy |
| NEM | Newmont Goldcorp Corp | Stock | Materials |
| MPC | Marathon Petroleum Corp | Stock | Energy |
| XOM | Exxon Mobil Corp | Stock | Energy |
| VLO | Valero Energy | Stock | Energy |
| TPIC | TPI Composites | Stock | Industrials |
| SLB | Schlumberger NV | Stock | Energy |
Hennessy Target Price Odds Analysis
Based on a normal probability distribution, the odds of Hennessy jumping above the current price in 90 days from now is about 7.8%. The Hennessy Bp Energy probability density function shows the probability of Hennessy mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Hennessy has a beta of 0.8488. This usually indicates as returns on the market go up, Hennessy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Hennessy Bp Energy will be expected to be much smaller as well. Additionally, hennessy Bp Energy has an alpha of 0.1926, implying that it can generate a 0.19 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Hennessy to move above the current price in 90 days from now is about 7.8 (This Hennessy Bp Energy probability density function shows the probability of Hennessy Mutual Fund to fall within a particular range of prices over 90 days) .
Hennessy Bp Energy Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Hennessy market risk premium is the additional return an investor will receive from holding Hennessy long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Hennessy. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Hennessy's alpha and beta are two of the key measurements used to evaluate Hennessy's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.7286 | |||
| Semi Deviation | 0.6148 | |||
| Standard Deviation | 0.9841 | |||
| Variance | 0.9685 |
Hennessy Against Markets
Picking the right benchmark for Hennessy mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Hennessy mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Hennessy is critical whether you are bullish or bearish towards Hennessy Bp Energy at a given time. Please also check how Hennessy's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hennessy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
How to buy Hennessy Mutual Fund?
Before investing in Hennessy, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Hennessy. To buy Hennessy fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Hennessy. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Hennessy fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Hennessy Bp Energy fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Hennessy Bp Energy fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Hennessy Bp Energy, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Hennessy Bp Energy?
The danger of trading Hennessy Bp Energy is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Hennessy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Hennessy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hennessy Bp Energy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hennessy Bp Energy. 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 price. Note that the Hennessy Bp Energy 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 the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.