Highland Longshort Healthcare Fund Technical Analysis
| HHCCX Fund | USD 13.81 0.03 0.22% |
As of the 22nd of April, Highland Long/short retains the Risk Adjusted Performance of 0.1596, coefficient of variation of 331.23, and Market Risk Adjusted Performance of 0.3. Highland Long/short technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices. Simply put, you can use this information to find out if the entity will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to break down eighteen technical drivers for Highland Long/short, which can be compared to its competitors. Please check out Highland Long/short downside deviation, jensen alpha, as well as the relationship between the Jensen Alpha and downside variance to decide if Highland Long/short is priced fairly, providing market reflects its last-minute price of 13.81 per share.
Highland Long/short Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Highland, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HighlandHighland |
Highland Long/short technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Highland Long/short Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Highland Long/short volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Highland Long/short Trend Analysis
Use this graph to draw trend lines for Highland Longshort Healthcare. You can use it to identify possible trend reversals for Highland Long/short as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Highland Long/short price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Highland Long/short Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Highland Longshort Healthcare applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Highland Longshort Healthcare will continue generating value for investors. It has 122 observation points and a regression sum of squares at 2.69, which is the sum of squared deviations for the predicted Highland Long/short price change compared to its average price change.About Highland Long/short Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Highland Longshort Healthcare on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Highland Longshort Healthcare based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Highland Long/short price pattern first instead of the macroeconomic environment surrounding Highland Long/short. By analyzing Highland Long/short's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Highland Long/short's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Highland Long/short specific price patterns or momentum indicators. Please read more on our technical analysis page.
Highland Long/short April 22, 2024 Technical Indicators
Most technical analysis of Highland help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Highland from various momentum indicators to cycle indicators. When you analyze Highland charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.1596 | |||
| Market Risk Adjusted Performance | 0.3 | |||
| Mean Deviation | 0.1264 | |||
| Downside Deviation | 0.1422 | |||
| Coefficient Of Variation | 331.23 | |||
| Standard Deviation | 0.1743 | |||
| Variance | 0.0304 | |||
| Information Ratio | (0.19) | |||
| Jensen Alpha | 0.0315 | |||
| Total Risk Alpha | 0.0212 | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | 0.29 | |||
| Maximum Drawdown | 1.18 | |||
| Value At Risk | (0.15) | |||
| Potential Upside | 0.2937 | |||
| Downside Variance | 0.0202 | |||
| Semi Variance | (0.04) | |||
| Expected Short fall | (0.18) | |||
| Skewness | 1.62 | |||
| Kurtosis | 7.07 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Highland Longshort Healthcare. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Highland Long/short information on this page should be used as a complementary analysis to other Highland Long/short's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.