Highland Longshort Healthcare Fund Quote
| HHCAX Fund | USD 15.13 0.03 0.20% |
Performance22 of 100
| Odds Of DistressLess than 15
|
Highland Longshort is trading at 15.13 as of the 19th of April 2024; that is 0.20 percent increase since the beginning of the trading day. The fund's open price was 15.1. Highland Longshort has less than a 15 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. Equity ratings for Highland Longshort Healthcare are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
The fund seeks to achieve its investment objective by primarily investing in equity, debt, andor derivative securities of companies that the Adviser expects to benefit from an event catalyst. It may invest significantly in the common stock of and other interests in special purpose acquisition companies or similar special purpose entities that pool funds to seek potential acquisition opportunities . More on Highland Longshort Healthcare
Moving together with Highland Mutual Fund
| 1.0 | HHCZX | Highland Longshort | PairCorr |
| 0.99 | HHCCX | Highland Longshort | PairCorr |
| 0.98 | HMEAX | Highland Merger Arbitrage | PairCorr |
| 0.97 | HMECX | Highland Merger Arbitrage | PairCorr |
| 0.97 | HMEZX | Highland Merger Arbitrage | PairCorr |
Highland Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Highland Longshort's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Highland Longshort or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Highland Funds, Large Funds, Event Driven Funds, Event Driven, Highland Funds, Large, Long-Short Equity (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 31st of October 2022 |
| Fiscal Year End | June |
Highland Longshort Healthcare [HHCAX] is traded in USA and was established 19th of April 2024. Highland Longshort is listed under Highland Funds category by Fama And French industry classification. The fund is listed under Event Driven category and is part of Highland Funds family. This fund currently has accumulated 28.36 M in assets under management (AUM) with no minimum investment requirementsHighland Longshort is currently producing year-to-date (YTD) return of 3.21% with the current yeild of 0.02%, while the total return for the last 3 years was -6.78%.
Check Highland Longshort Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Highland Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Highland Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Highland Longshort Healthcare Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Highland Longshort Healthcare Mutual Fund Constituents
| HRTX | Heron Therapeuti | Stock | Health Care |
| ASND | Ascendis Pharma AS | Stock | Health Care |
| CTXS | Citrix Systems | Stock | Software—Application |
| GBT | Global Blood Therapeutics | Stock | Biotechnology |
| MBIO | Mustang Bio | Stock | Health Care |
| IWM | iShares Russell 2000 | Etf | Small Blend |
| NTRA | Natera Inc | Stock | Health Care |
Highland Longshort Target Price Odds Analysis
Based on a normal probability distribution, the odds of Highland Longshort jumping above the current price in 90 days from now is about 17.11%. The Highland Longshort Healthcare probability density function shows the probability of Highland Longshort mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Highland Longshort has a beta of 0.0247. This usually indicates as returns on the market go up, Highland Longshort average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Highland Longshort Healthcare will be expected to be much smaller as well. Additionally, highland Longshort Healthcare has an alpha of 0.0427, implying that it can generate a 0.0427 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Highland Longshort to move above the current price in 90 days from now is about 17.11 (This Highland Longshort Healthcare probability density function shows the probability of Highland Mutual Fund to fall within a particular range of prices over 90 days) .
Highland Longshort Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Highland Longshort market risk premium is the additional return an investor will receive from holding Highland Longshort long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Highland Longshort. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Highland Longshort's alpha and beta are two of the key measurements used to evaluate Highland Longshort's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.124 | |||
| Standard Deviation | 0.1738 | |||
| Variance | 0.0302 | |||
| Downside Variance | 0.0209 |
Highland Longshort Against Markets
Picking the right benchmark for Highland Longshort mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Highland Longshort mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Highland Longshort is critical whether you are bullish or bearish towards Highland Longshort Healthcare at a given time. Please also check how Highland Longshort's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Highland Longshort without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Highland Mutual Fund?
Before investing in Highland Longshort, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Highland Longshort. To buy Highland Longshort fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Highland Longshort. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Highland Longshort fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Highland Longshort Healthcare fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Highland Longshort Healthcare fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Highland Longshort Healthcare, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Highland Longshort Healthcare?
The danger of trading Highland Longshort Healthcare is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Highland Longshort is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Highland Longshort. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Highland Longshort is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 nation. 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 the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.