Highland Mutual Fund Financials

HHCAX -  USA Fund  

USD 14.18  0.05  0.35%

Understanding current and past Highland LongShort Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Highland LongShort's financial statements are interrelated, with each one affecting the others. For example, an increase in Highland LongShort's assets may result in an increase in income on the income statement. Because of this, it is necessary to analyze all of Highland LongShort's financials over time to get the whole picture.
You can make use of fundamental analysis to find out if Highland LongShort is mispriced or if you can make any profits on it by purchasing it and then waiting for the market to recognize its mistake and reprise the security. We were able to analyze fifteen available reported financial drivers for Highland LongShort, which can be compared to its competitors. Use Highland LongShort Healthcare number of employees, ten year return, as well as the relationship between the Ten Year Return and equity positions weight to make sure your decision on pricing Highland LongShort is adequate. Use Highland LongShort to protect your portfolios against small market fluctuations. The fund experiences a normal downward trend and little activity. Check odds of Highland LongShort to be traded at $14.04 in 90 days.

Highland Fundamentals 

 
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With this module, you can analyze Highland financials for your investing period. You should be able to track the changes in Highland LongShort individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
Chance Of Financial Distress
Less than 1
Highland LongShort Healthcare has less than 1 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Highland LongShort mutual fund is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity. More Info
The data published in Highland LongShort's official financial statements usually reflect Highland LongShort's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Highland LongShort. For example, before you start analyzing numbers published by Highland accountants, it's critical to develop an understanding of what Highland LongShort's liquidity, profitability, and earnings quality are in the context of the Highland Funds space in which it operates.
Please note that past performance is not an indicator of the future performance of Highland LongShort, its manager's success, or the effectiveness of its strategy. The performance results shown here may have been adversely or favorably impacted by events and economic conditions that may not prevail in the future. Therefore, you must use caution to infer that these results indicate any fund, manager, or strategy's future performance. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost. .

Highland LongShort Company Summary

Highland LongShort competes with Neuberger Berman, Neuberger Berman, Diamond Hill, Ab Cap, and Ab Cap. The fund seeks to achieve its investment objective by investing at least 80 percent of the value of its total assets under normal circumstances in securities of companies principally engaged in the design, development, production, sale, management or distribution of products, services or facilities used for or in connection with healthcare or medicine . Highland LongShort is traded on NASDAQ Exchange in the United States.
InstrumentUSA Mutual Fund View All
ExchangeNASDAQ Exchange
Business AddressHighland Funds I
Mutual Fund FamilyHighland Funds
Mutual Fund CategoryLong-Short Equity
BenchmarkDOW
Phone877 665 1287
CurrencyUSD - US Dollar
You should never invest in Highland LongShort without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Highland Mutual Fund, because this is throwing your money away. Analyzing the key information contained in Highland LongShort's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Highland LongShort Key Financial Ratios

Generally speaking, Highland LongShort's financial ratios allow both analysts and investors to convert raw data from Highland LongShort's financial statements into concise, actionable information that can be used to evaluate the performance of Highland LongShort over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Highland LongShort reports annually and quarterly.

Highland Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Highland LongShort's current stock value. Our valuation model uses many indicators to compare Highland LongShort value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Highland LongShort competition to find correlations between indicators driving Highland LongShort's intrinsic value. More Info.
Highland LongShort Healthcare is one of the top funds in three year return among similar funds. It is rated # 3 fund in price to book among similar funds fabricating about  0.17  of Price to Book per Three Year Return. The ratio of Three Year Return to Price to Book for Highland LongShort Healthcare is roughly  5.99 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Highland LongShort by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Highland LongShort's Mutual Fund . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Highland LongShort's earnings, one of the primary drivers of an investment's value.

Highland LongShort Systematic Risk

Highland LongShort's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Highland LongShort volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
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 Beta measures systematic risk based on how returns on Highland LongShort correlated with the market. If Beta is less than 0 Highland LongShort generally moves in the opposite direction as compared to the market. If Highland LongShort Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Highland LongShort is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Highland LongShort is generally in the same direction as the market. If Beta > 1 Highland LongShort moves generally in the same direction as, but more than the movement of the benchmark. View also all equity analysis or get more info about beta statistic functions indicator.

About Highland LongShort Financials

What exactly are Highland LongShort Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Highland LongShort's income statement, its balance sheet, and the statement of cash flows. Potential Highland LongShort investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Highland LongShort investors may use each financial statement separately, they are all related. The changes in Highland LongShort's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Highland LongShort's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines that you should keep in mind when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase year after year due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt to equity ratio because this number will tell you how much risk it has. If a company such as Highland LongShort is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to try and figure out if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that net revenue of Highland grown by more than 25% over the last five years, then there is a good chance that it will continue growing at least by 20% or more each year. On the other hand, if you see that net revenue has only grown by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
Highland LongShort Healthcare is rated below average in net asset among similar funds. Total Asset Under Management (AUM) of Long-Short Equity category is currently estimated at about 14.78 Billion. Highland LongShort adds roughly 24.39 Million in net asset claiming only tiny portion of funds under Long-Short Equity category.

Highland LongShort December 7, 2021 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Highland LongShort help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Highland LongShort Healthcare. We use our internally-developed statistical techniques to arrive at the intrinsic value of Highland LongShort Healthcare based on widely used predictive technical indicators. In general, we focus on analyzing Highland Mutual Fund price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Highland LongShort's daily price indicators and compare them against related drivers.
Information Ratio(0.22)
Maximum Drawdown4.92
Value At Risk(2.17)
Potential Upside1.44
Please check Risk vs Return Analysis. Note that the Highland LongShort information on this page should be used as a complementary analysis to other Highland LongShort'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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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When running Highland LongShort price analysis, check to measure Highland LongShort's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Highland LongShort is operating at the current time. Most of Highland LongShort's value examination focuses on studying past and present price action to predict the probability of Highland LongShort's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Highland LongShort's price. Additionally, you may evaluate how the addition of Highland LongShort to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Highland LongShort's value and its price as these two are different measures arrived at by different means. Investors typically determine Highland LongShort value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Highland LongShort's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.