Highland Longshort Healthcare Fund Probability of Future Mutual Fund Price Finishing Over 0.0
HHCAX Fund | USD 15.05 0.01 0.07% |
Highland |
Highland Longshort Target Price Odds to finish over 0.0
The tendency of Highland Mutual Fund price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current Price | Horizon | Target Price | Odds to stay above $ 0.00 in 90 days |
15.05 | 90 days | 0.00 | close to 99 |
Based on a normal probability distribution, the odds of Highland Longshort to stay above $ 0.00 in 90 days from now is close to 99 (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) . Probability of Highland Longshort price to stay between $ 0.00 and its current price of $15.05 at the end of the 90-day period is about 97.0 .
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). Highland Longshort Price Density |
Price |
Predictive Modules for Highland Longshort
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Highland Longshort. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Highland Longshort's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Highland Longshort in the context of predictive analytics.
Highland Longshort Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Highland Longshort is not an exception. The market had few large corrections towards the Highland Longshort's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Highland Longshort Healthcare, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Highland Longshort within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.03 | |
β | Beta against NYSE Composite | -0.0029 | |
σ | Overall volatility | 0.15 | |
Ir | Information ratio | -0.58 |
Highland Longshort Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Highland Longshort for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Highland Longshort can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.The fund generated three year return of -6.0% | |
Highland Longshort retains all of its assets under management (AUM) in equities |
Highland Longshort Technical Analysis
Highland Longshort's future price can be derived by breaking down and analyzing its technical indicators over time. Highland Mutual Fund technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Highland Longshort Healthcare. In general, you should focus on analyzing Highland Mutual Fund price patterns and their correlations with different microeconomic environments and drivers.
Highland Longshort Predictive Forecast Models
Highland Longshort's time-series forecasting models is one of many Highland Longshort's mutual fund analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Highland Longshort's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the mutual fund market movement and maximize returns from investment trading.
Things to note about Highland Longshort
Checking the ongoing alerts about Highland Longshort for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Highland Longshort help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
The fund generated three year return of -6.0% | |
Highland Longshort retains all of its assets under management (AUM) in equities |
Check out Highland Longshort Backtesting, Portfolio Optimization, Highland Longshort Correlation, Highland Longshort Hype Analysis, Highland Longshort Volatility, Highland Longshort History as well as Highland Longshort Performance. 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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.
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Money Managers Screen money managers from public funds and ETFs managed around the world | |
FinTech Suite Use AI to screen and filter profitable investment opportunities | |
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA |