HENNESSY CORNERSTONE Total Risk Alpha
| HFCVX Fund | | | USD 23.86 0.11 0.46% |
Technical inputs supporting the Total Risk Alpha indicator for Hennessy Nerstone Value are shown here. Additional screening context is available through
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Risk vs Return Analysis provides a view into diversified allocation design. Diversification analysis considers the interaction of positions within a portfolio. Monitoring Hennessy Nerstone Value within a portfolio highlights how it interacts with other holdings. All values are presented as reference data. Broader economic conditions can influence Hennessy Nerstone Value's mutual fund valuation — related indicators include
signals in persons.
Hennessy Nerstone Value has current Total Risk Alpha of 0.1618. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.1618 | |
| ER[a] | = | Expected return on investing in HENNESSY CORNERSTONE |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on HENNESSY CORNERSTONE |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
Hennessy Nerstone Value is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
17.67 of Maximum Drawdown per Total Risk Alpha. At
17.67 , Hennessy Nerstone Value's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare HENNESSY CORNERSTONE to Peers
Other Technical Indicators