Highland Mutual Fund Quote

HHCAX
 Fund
  

USD 14.07  0.05  0.35%   

Market Performance
6 of 100
Odds Of Distress
Less than 1
Highland LongShort is trading at 14.07 as of the 4th of October 2022; that is -0.35 percent decrease since the beginning of the trading day. The fund's open price was 14.12. Highland LongShort has a very small chance of experiencing financial distress in the next few years but had a somewhat modest 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 4th of September 2022 and ending today, the 4th of October 2022. Click here to learn more.
The investment seeks long-term capital appreciation. The fund seeks to primarily invest in equity, debt, andor derivative securities of companies that the Adviser expects to benefit from an event catalyst. The fund 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 LongShort

+0.8DISWalt Disney Fiscal Year End 9th of November 2022 PairCorr

Moving against Highland LongShort

-0.77VZVerizon Communications Earnings Call  In Two WeeksPairCorr
-0.75TATT Inc Earnings Call  In Two WeeksPairCorr

Highland LongShort 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.
Highland LongShort is unlikely to experience financial distress in the next 2 years
The fund retains 95.39% of its assets under management (AUM) in equities
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Highland LongShort's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Startdate31st of October 2021
Highland LongShort Healthcare [HHCAX] is traded in USA and was established 4th of October 2022. The fund is listed under Long-Short Equity category and is part of Highland Funds family. Highland LongShort currently has accumulated 28.04 M in assets under management (AUM) with no minimum investment requirements, while the total return for the last 3 years was 14.73%.
Check Highland LongShort Probability Of Bankruptcy

Instrument Allocation

Top Highland LongShort Healthcare Constituents

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 70.49%. 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 0.0183. 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, the company has an alpha of 0.0121, implying that it can generate a 0.0121 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 14.07HorizonTargetOdds Above 14.07
28.56%90 days
 14.07 
70.49%
Based on a normal probability distribution, the odds of Highland LongShort to move above the current price in 90 days from now is about 70.49 (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.

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.

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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.
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 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 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.