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HFMDX
Mutual Fund ticker: NASDAQ
AS OF
Aug 28 closing price
Price
$22.97
Change
-$0.04 (-0.17%)
Net Assets
1.32B

HFMDX Hennessy Cornerstone Mid Cap 30 Inv Forecast, Technical & Fundamental Analysis

The investment seeks long-term growth of capital... Show more

Category: #Small Blend
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Abercrombie & Fitch Co (NYSE:ANF).

Industry description

The investment seeks long-term growth of capital. The fund normally invests at least 80% of its net assets in mid-cap growth-oriented common stocks by utilizing a quantitative formula known as the Cornerstone Mid Cap 30 Formula (the “Mid Cap 30 Formula”). It purchases 30 stocks weighted equally by dollar amount, with 3.33% of the portfolio's assets invested in each. Using the Mid Cap 30 Formula, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the fall.

Market Cap

The average market capitalization across the Hennessy Cornerstone Mid Cap 30 Inv MF is 14.09B. The market cap for tickers in the group ranges from 4.6B to 28.35B. EME holds the highest valuation in this group at 28.35B. The lowest valued company is ANF at 4.6B.

Volume

The average weekly volume growth across all stocks in the Hennessy Cornerstone Mid Cap 30 Inv MF was 41%. For the same stocks of the MF, the average monthly volume growth was -21% and the average quarterly volume growth was -38%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 79
P/E Growth Rating: 100
Price Growth Rating: 46
SMR Rating: 100
Profit Risk Rating: 26
Seasonality Score: -24 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category SmallBlend

Profile
Fundamentals
Details
Category
Small Blend
Address
Hennessy Funds Trust7250 Redwood Boulevard Suite 200Novato
Phone
N/A
Web
www.hennessyfunds.com
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HFMDX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, HFMDX has been closely correlated with VSCAX. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if HFMDX jumps, then VSCAX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To HFMDX
1D Price
Change %
HFMDX100%
N/A
VSCAX - HFMDX
73%
Closely correlated
N/A
DFFVX - HFMDX
73%
Closely correlated
-0.14%
DFSVX - HFMDX
72%
Closely correlated
-0.10%
VSIIX - HFMDX
71%
Closely correlated
N/A
VISVX - HFMDX
71%
Closely correlated
N/A
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