Highland Longshort Healthcare Fund Quote

HHCAX Fund  USD 15.05  0.01  0.07%   

Performance

23 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 29

 
100  
 
Zero
Below Average
Highland Longshort is trading at 15.05 as of the 19th of March 2024; that is 0.07 percent increase since the beginning of the trading day. The fund's open price was 15.04. Highland Longshort has about a 29 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat 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 25th of November 2022 and ending today, the 19th of March 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

  1.0HHCZX Highland LongshortPairCorr
  0.98HHCCX Highland LongshortPairCorr
  0.95HMEAX Highland Merger ArbitragePairCorr
  0.94HMECX Highland Merger ArbitragePairCorr
  0.95HMEZX Highland Merger ArbitragePairCorr

Moving against Highland Mutual Fund

  0.68HSZYX Highland Small-cap EquityPairCorr
  0.68HSZCX Highland Small-cap EquityPairCorr
  0.67HSZAX Highland Small-cap EquityPairCorr

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 ConcentrationHighland Funds, Large Funds, Event Driven Funds, Event Driven, Highland Funds, Large, Long-Short Equity (View all Sectors)
Update Date31st of March 2024
Expense Ratio Date31st of October 2022
Fiscal Year EndJune
Highland Longshort Healthcare [HHCAX] is traded in USA and was established 19th of March 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 2.8% with the current yeild of 0.02%, while the total return for the last 3 years was -5.89%.
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

BIOBio Rad LaboratoriesStockHealth Care
SJISouth Jersey IndustriesStockUtilities
QUREUniqure NVStockHealth Care
ABBVAbbVie IncStockHealth Care
UNHUnitedHealth Group IncorporatedStockHealth Care
SYKStrykerStockHealth Care
CICigna CorpStockHealth Care
More Details

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 roughly 2.66%. 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 Healthcare has a beta of -0.0029. This usually indicates as returns on benchmark increase, returns on holding Highland Longshort are expected to decrease at a much lower rate. During the bear market, however, Highland Longshort Healthcare is likely to outperform the market. Additionally, the company has an alpha of 0.0334, implying that it can generate a 0.0334 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 15.05HorizonTargetOdds Above 15.05
97.18%90 days
 15.05 
2.66%
Based on a normal probability distribution, the odds of Highland Longshort to move above the current price in 90 days from now is roughly 2.66 (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.

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?

Run FinTech Suite Now

   

FinTech Suite

Use AI to screen and filter profitable investment opportunities
All  Next Launch Module

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 Shape 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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Complementary Tools for Highland Mutual Fund analysis

When running Highland Longshort's 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 the 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.
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Transaction History
View history of all your transactions and understand their impact on performance
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Global Correlations
Find global opportunities by holding instruments from different markets
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
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 if Highland Longshort is a good investment 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.