Notable companies
The most notable companies in this group are JPMorgan Chase & Co (NYSE:JPM), Exxon Mobil Corp (NYSE:XOM), Bank of America Corp (NYSE:BAC), International Business Machines Corp (NYSE:IBM), Wells Fargo & Co (NYSE:WFC), Citigroup (NYSE:C), Canadian Natural Resources Limited (NYSE:CNQ).
Industry description
The investment seeks total return, consisting of capital appreciation and current income.
The fund invests in larger, dividend-paying common stocks by utilizing a quantitative formula known as the Cornerstone Value Strategy (the "Value Strategy"). It purchases 50 stocks weighted equally by dollar amount, with 2% of the portfolio's assets invested in each. Using the Value Strategy, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the winter.
Market Cap
The average market capitalization across the Hennessy Cornerstone Value Inst MF is 219.02B. The market cap for tickers in the group ranges from 37.33B to 573.02B. JPM holds the highest valuation in this group at 573.02B. The lowest valued company is CVE at 37.33B.
Volume
The average weekly volume growth across all stocks in the Hennessy Cornerstone Value Inst MF was -10%. For the same stocks of the MF, the average monthly volume growth was -19% and the average quarterly volume growth was 6%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 54
P/E Growth Rating: 33
Price Growth Rating: 45
SMR Rating: 38
Profit Risk Rating: 36
Seasonality Score: 53 (-100 ... +100)