MENU
+Compare
HICVX
Mutual Fund ticker: NASDAQ
AS OF
Sep 4 closing price
Price
$22.89
Change
+$0.08 (+0.35%)
Net Assets
295.59M

HICVX Hennessy Cornerstone Value Inst Forecast, Technical & Fundamental Analysis

The investment seeks total return, consisting of capital appreciation and current income... Show more

Category: #Large Value
Interact to see
Advertisement
A.I.Advisor
published Highlights

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), Wells Fargo & Co (NYSE:WFC), International Business Machines Corp (NYSE:IBM), 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 265.93B. The market cap for tickers in the group ranges from 28.85B to 809.47B. JPM holds the highest valuation in this group at 809.47B. The lowest valued company is CVE at 28.85B.

Volume

The average weekly volume growth across all stocks in the Hennessy Cornerstone Value Inst MF was 39%. For the same stocks of the MF, the average monthly volume growth was 23% and the average quarterly volume growth was -21%

Fundamental Analysis Ratings

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

Valuation Rating: 50
P/E Growth Rating: 46
Price Growth Rating: 34
SMR Rating: 39
Profit Risk Rating: 22
Seasonality Score: 17 (-100 ... +100)
View a ticker or compare two or three
Interact to see
Advertisement
A.I. Advisor
published General Information

General Information

Category LargeValue

Profile
Fundamentals
Details
Category
Large Value
Address
Hennessy Funds Trust7250 Redwood Boulevard Suite 200Novato
Phone
N/A
Web
www.hennessyfunds.com
Interesting Tickers
1D
1W
1M
1Q
6M
1Y
5Y
1 Day
MFs / NAMEPrice $Chg $Chg %
WAMVX4.500.01
+0.22%
Wasatch Micro Cap Value
PSCHX24.03N/A
N/A
PGIM Jennison Small Company R2
LSVGX16.64N/A
N/A
LSV Global Value Institutional
SZCIX55.19N/A
N/A
DWS Small Cap Core Inst
JUEQX27.42N/A
N/A
JPMorgan US Equity R4

HICVX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, HICVX has been closely correlated with RMFEX. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if HICVX jumps, then RMFEX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To HICVX
1D Price
Change %
HICVX100%
N/A
RMFEX - HICVX
77%
Closely correlated
N/A
RMFCX - HICVX
77%
Closely correlated
+0.12%
RMEBX - HICVX
77%
Closely correlated
N/A
VIVIX - HICVX
73%
Closely correlated
N/A
VIVAX - HICVX
73%
Closely correlated
N/A
More