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HTECX Hennessy Technology Investor Forecast, Technical & Fundamental Analysis

Category Technology
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Applied Materials (NASDAQ:AMAT), Lam Research Corp (NASDAQ:LRCX), CrowdStrike Holdings (NASDAQ:CRWD), Pure Storage (NYSE:PSTG).

Industry description

The investment seeks long-term capital appreciation. The fund invests primarily in companies whose securities are listed on U.S. national securities exchanges, including through American Depositary Receipts (“ADRs”), which are U.S. dollar-denominated securities of foreign issuers listed on U.S. national securities exchanges. Under normal circumstances, it invests at least 80% of its net assets in securities of companies that are principally engaged in the research, design, development, manufacturing, or distributing of products or services in the technology industry.

Market Cap

The average market capitalization across the Hennessy Technology Investor MF is 550.94B. The market cap for tickers in the group ranges from 2.27B to 3.48T. NVDA holds the highest valuation in this group at 3.48T. The lowest valued company is CLBT at 2.27B.

Volume

The average weekly volume growth across all stocks in the Hennessy Technology Investor MF was 49%. For the same stocks of the MF, the average monthly volume growth was -5% and the average quarterly volume growth was -22%

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: 65
Price Growth Rating: 47
SMR Rating: 38
Profit Risk Rating: 36
Seasonality Score: 31 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Technology

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

Correlation & Price change

A.I.dvisor indicates that over the last year, HTECX has been closely correlated with SCMIX. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if HTECX jumps, then SCMIX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To HTECX
1D Price
Change %
HTECX100%
-2.31%
SCMIX - HTECX
95%
Closely correlated
-1.26%
CCIZX - HTECX
91%
Closely correlated
-1.26%
CCOYX - HTECX
91%
Closely correlated
-1.26%
SCIOX - HTECX
89%
Closely correlated
-1.26%
SLMCX - HTECX
89%
Closely correlated
-1.26%
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