Hennessy Nerstone Mid Fund Market Value

HIMDX Fund  USD 23.02  0.09  0.39%   
Hennessy Cornerstone's market value is the price at which a share of Hennessy Cornerstone trades on a public exchange. It measures the collective expectations of Hennessy Nerstone Mid investors about its performance. Hennessy Cornerstone is trading at 23.02 as of the 19th of July 2025; that is 0.39 percent down since the beginning of the trading day. The fund's open price was 23.11.
With this module, you can estimate the performance of a buy and hold strategy of Hennessy Nerstone Mid and determine expected loss or profit from investing in Hennessy Cornerstone over a given investment horizon. Check out Hennessy Cornerstone Correlation, Hennessy Cornerstone Volatility and Hennessy Cornerstone Alpha and Beta module to complement your research on Hennessy Cornerstone.
Symbol

Please note, there is a significant difference between Hennessy Cornerstone's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hennessy Cornerstone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hennessy Cornerstone'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.

Hennessy Cornerstone '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 Cornerstone'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 Cornerstone.
0.00
04/20/2025
No Change 0.00  0.0 
In 3 months and 1 day
07/19/2025
0.00
If you would invest  0.00  in Hennessy Cornerstone on April 20, 2025 and sell it all today you would earn a total of 0.00 from holding Hennessy Nerstone Mid or generate 0.0% return on investment in Hennessy Cornerstone over 90 days. Hennessy Cornerstone is related to or competes with Transamerica Asset, Gmo Us, Enhanced, Alternative Asset, Aqr Large, Guidemark Large, and Upright Assets. The fund normally invests at least 80 percent of its net assets in mid-cap growth-oriented common stocks by utilizing a ... More

Hennessy Cornerstone 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 Cornerstone'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 Nerstone Mid upside and downside potential and time the market with a certain degree of confidence.

Hennessy Cornerstone Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Hennessy Cornerstone's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hennessy Cornerstone's standard deviation. In reality, there are many statistical measures that can use Hennessy Cornerstone historical prices to predict the future Hennessy Cornerstone's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hennessy Cornerstone'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
21.8523.0324.21
Details
Intrinsic
Valuation
LowRealHigh
22.0423.2224.40
Details
Naive
Forecast
LowNextHigh
21.1422.3223.50
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
22.7723.3123.86
Details

Hennessy Nerstone Mid Backtested Returns

Hennessy Cornerstone appears to be very steady, given 3 months investment horizon. Hennessy Nerstone Mid holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hennessy Nerstone Mid, which you can use to evaluate the volatility of the entity. Please utilize Hennessy Cornerstone's Market Risk Adjusted Performance of 0.2172, downside deviation of 1.27, and Risk Adjusted Performance of 0.1725 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 1.0, which attests to a somewhat significant risk relative to the market. Hennessy Cornerstone returns are very sensitive to returns on the market. As the market goes up or down, Hennessy Cornerstone is expected to follow.

Auto-correlation

    
  0.80  

Very good predictability

Hennessy Nerstone Mid has very good predictability. Overlapping area represents the amount of predictability between Hennessy Cornerstone 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 Nerstone Mid price movement. The serial correlation of 0.8 indicates that around 80.0% of current Hennessy Cornerstone price fluctuation can be explain by its past prices.
Correlation Coefficient0.8
Spearman Rank Test0.8
Residual Average0.0
Price Variance0.14

Hennessy Nerstone Mid lagged returns against current returns

Autocorrelation, which is Hennessy Cornerstone 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 Cornerstone's mutual fund expected returns. We can calculate the autocorrelation of Hennessy Cornerstone returns to help us make a trade decision. For example, suppose you find that Hennessy Cornerstone 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 Cornerstone 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 Cornerstone mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hennessy Cornerstone 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 Cornerstone mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Hennessy Cornerstone Lagged Returns

When evaluating Hennessy Cornerstone's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hennessy Cornerstone mutual fund have on its future price. Hennessy Cornerstone 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 Cornerstone autocorrelation shows the relationship between Hennessy Cornerstone mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hennessy Nerstone Mid.
   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 Cornerstone 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 Cornerstone security.
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities