HENNESSY CORNERSTONE Value At Risk
| HFCVX Fund | | | USD 23.75 -0.19 -0.79% |
Technical inputs supporting the Value At Risk indicator for Hennessy Nerstone Value are shown here. Values are derived from historical price and volume observations. Availability can differ across markets, exchanges, and instruments. Additional screening context is available through
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Risk vs Return Analysis provides a view into diversified allocation design. Such insight adds context to allocation decisions within a diversified portfolio. Diversification analysis considers the interaction of positions within a portfolio. The portfolio reflects a holding in Hennessy Nerstone Value. The weighting is visible within the allocation breakdown. The relative size of each holding follows the allocation framework. Reported data is organized for reference and does not imply a course of action. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
signals in small area income & poverty estimates.
Hennessy Nerstone Value has current Value At Risk of
-1.17. Value At Risk (or VAR) is a statistical technique used to measure the level of financial risk of investment instrument over a specific time frame. It is a widely used measure of the risk of loss on a specific investing instrument.
Value At Risk | = | ER[a] x N | + | (Z-SCORE x STD x SQRT (N)) |
| = | -1.17 | |
Value At Risk Peers Comparison
Value At Risk Relative To Other Indicators
Hennessy Nerstone Value is rated
third in value at risk among similar funds. It is currently under evaluation in maximum drawdown among similar funds .
Value At Risk is used by risk managers in order to measure and control the level of risk which the firm undertakes. The risk manager job is to ensure that risks are not taken beyond the level at which the firm can absorb the losses of a probable worst outcome. VAR can be defined as the loss level that will not be exceeded with a certain confidence level during a certain period of time.
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