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Hennessee Short Biased Index
The funds in the Hennessee Short Biased Index typically have long and short equity positions with an overall net short exposure to the market. Investments can be fundamental, technical, or event driven. This style can be used as a hedge against long-only portfolios and by investors who feel the market is approaching or in a bearish cycle.
Summary Statistics (1993 - 2006)
| _ |
Annualized Compound Return |
Standard Deviation |
Sharpe Ratio |
Sortino Ratio |
Annualized Alpha (vs. Benchmark) |
Correlation (vs. Benchmark) |
| Hennessee Short Biased Index |
-3.38% |
19.65% |
-0.34 |
-0.61 |
N/A |
N/A |
| S&P 500 Index |
8.80% |
13.80% |
0.31 |
0.34 |
8.77% |
-0.75 |
| NASDAQ |
9.52% |
25.25% |
0.29 |
0.23 |
6.21% |
-0.79 |
| _ |
Number of Months |
% of Months Positive |
Largest Consecutive Loss |
Value of $1000 (invested since inception) |
| Positive |
Negative |
% |
Months |
Peak |
Valley |
| Hennessee Value Index |
77 |
91 |
46% |
-41.42% |
5 |
Sep-98 |
Jan-99 |
$618 |
| S&P 500 Index |
108 |
60 |
64% |
-20.55% |
4 |
Apr-02 |
Jul-02 |
$3,255 |
| NASDAQ |
96 |
72 |
57% |
-41.26% |
4 |
Sep-00 |
Dec-00 |
$3,570 |
Monthly Returns (1993 - 2006)
| |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
Year |
| 2006 |
(2.60%) |
0.44% |
(0.95%) |
0.44% |
3.63% |
1.04% |
1.78% |
(1.12%) |
(1.91%) |
(3.34%) |
(1.82%) |
0.24% |
(4.32%) |
| 2005 |
4.33% |
2.01% |
1.93% |
3.59% |
(3.97%) |
(0.57%) |
(1.53%) |
2.25% |
2.35% |
2.69% |
(2.84%) |
(0.20%) |
10.11% |
| 2004 |
(0.33%) |
1.04% |
(2.23%) |
4.16% |
0.48% |
0.42% |
8.23% |
3.40% |
(2.44%) |
(1.28%) |
(8.09%) |
(4.76%) |
(2.37%) |
| 2003 |
(0.93%) |
(0.68%) |
0.13% |
(4.91%) |
(3.66%) |
(2.95%) |
(2.53%) |
(1.60%) |
(0.20%) |
(4.74%) |
(0.36%) |
(2.81%) |
(22.65%) |
| 2002 |
2.09% |
2.83% |
(3.87%) |
2.89% |
2.72% |
4.20% |
2.66% |
(1.11%) |
4.26% |
(1.02%) |
(3.43%) |
3.05% |
15.87% |
| 2001 |
(4.20%) |
9.18% |
4.88% |
(11.75%) |
(0.96%) |
0.28% |
2.46% |
5.80% |
13.41% |
(1.11%) |
(2.78%) |
(0.73%) |
12.81% |
| 2000 |
2.46% |
(5.49%) |
(0.04%) |
4.69% |
3.92% |
(5.70%) |
5.12% |
(4.29%) |
8.49% |
4.21% |
13.45% |
1.40% |
29.94% |
| 1999 |
(6.57%) |
7.38% |
1.24% |
(2.20%) |
0.22% |
(4.18%) |
0.61% |
5.04% |
3.61% |
(2.07%) |
(7.13%) |
(5.16%) |
(9.91%) |
| 1998 |
0.10% |
(8.66%) |
(0.76%) |
(3.08%) |
8.68% |
(4.53%) |
1.54% |
32.05% |
(10.40%) |
(11.32%) |
(8.43%) |
(13.83%) |
(23.29%) |
| 1997 |
(1.92%) |
6.69% |
8.62% |
(1.18%) |
(5.79%) |
(3.21%) |
(4.74%) |
3.22% |
(4.33%) |
6.48% |
2.19% |
0.11% |
4.95% |
| 1996 |
(0.35%) |
(7.06%) |
(0.93%) |
(8.44%) |
(3.47%) |
10.11% |
13.63% |
(5.62%) |
(15.75%) |
6.47% |
(6.95%) |
4.63% |
(16.37%) |
| 1995 |
4.55% |
(4.11%) |
(4.20%) |
(0.48%) |
(5.75%) |
(12.09%) |
(10.88%) |
(0.76%) |
(3.19%) |
3.96% |
(1.54%) |
3.06% |
(28.47%) |
| 1994 |
(3.10%) |
2.44% |
8.19% |
2.97% |
3.47% |
8.85% |
(4.28%) |
(9.80%) |
1.56% |
(2.51%) |
6.85% |
(2.62%) |
10.78% |
| 1993 |
(0.74%) |
4.86% |
(3.05%) |
4.22% |
(7.83%) |
1.47% |
3.58% |
(2.93%) |
(1.87%) |
(2.72%) |
2.32% |
(1.46%) |
(4.81%) |
To download the monthly performance data in an excel spreadsheet, click here. 
© 2007 Hennessee Group LLC, All Rights Reserved.
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