Notable companies
The most notable companies in this group are Gap (The) (NYSE:GPS), 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 Instl MF is 8.84B. The market cap for tickers in the group ranges from 3.4B to 16.17B. EME holds the highest valuation in this group at 16.17B. The lowest valued company is STRL at 3.4B.
Volume
The average weekly volume growth across all stocks in the Hennessy Cornerstone Mid Cap 30 Instl MF was -3%. For the same stocks of the MF, the average monthly volume growth was 40% and the average quarterly volume growth was 86%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 72
P/E Growth Rating: 42
Price Growth Rating: 41
SMR Rating: 41
Profit Risk Rating: 11
Seasonality Score: 38 (-100 ... +100)