Highland Mutual Fund Buy Hold or Sell Recommendation

HHCAX
 Fund
  

USD 14.18  0.04  0.28%   

Assuming the 90 days horizon and your conservative attitude towards risk, our recommendation regarding Highland LongShort Healthcare is 'Sell'. Macroaxis provides Highland LongShort buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding HHCAX positions. The advice algorithm takes into account all of Highland LongShort's available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from Highland LongShort's buy-and-hold perspective. Please check Highland LongShort Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual funds such as Highland and provide practical buy, sell, or hold recommendation based on selected investing horizon and risk tolerance towards Highland LongShort Healthcare.

Execute Highland LongShort Buy or Sell Advice

The Highland recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Highland LongShort Healthcare. Macroaxis does not own or have any residual interests in Highland LongShort Healthcare or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Highland LongShort's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Highland LongShortBuy Highland LongShort
Sell

Volatility

Details

Hype Condition

Details

Current Valuation

Details

Odds of Distress

Details

Economic Sensitivity

Details

Analyst Consensus

Not Available
Details
For the selected time horizon Highland LongShort Healthcare has a Mean Deviation of 0.1643, Standard Deviation of 0.2087, Variance of 0.0436, Downside Variance of 0.0406, Semi Variance of (0.00083126) and Expected Short fall of (0.22)
Our advice tool can cross-verify current analyst consensus on Highland LongShort and to analyze the fund potential to grow in the current economic cycle. Use Highland LongShort number of employees and ten year return to ensure your buy or sell decision on Highland LongShort is adequate.

Highland LongShort Trading Alerts and Improvement Suggestions

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

Highland LongShort Returns Distribution Density

The distribution of Highland LongShort's historical returns is an attempt to chart the uncertainty of Highland LongShort's future price movements. The chart of the probability distribution of Highland LongShort stock daily returns describes the distribution of returns around its average expected value. We use Highland LongShort Healthcare price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Highland LongShort returns is essential to provide solid investment advice for Highland LongShort.
Mean Return0.0283Value At Risk-0.29
Potential Upside0.43Standard Deviation0.21
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Highland LongShort historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Highland LongShort Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Highland LongShort or Highland Funds sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Highland LongShort's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Highland fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
0.019659
β
Beta against DOW0.0155
σ
Overall volatility
0.21
Ir
Information ratio 0.52

Highland LongShort Volatility Alert

Highland LongShort Healthcare exhibits very low volatility with skewness of 0.25 and kurtosis of -0.26. However, we advise investors to further study Highland LongShort Healthcare technical indicators to ensure that all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Highland LongShort's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Highland LongShort's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Highland LongShort Fundamentals Vs Peers

Comparing Highland LongShort's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Highland LongShort's direct or indirect competition across all of the common fundamentals between Highland LongShort and the related equities. This way, we can detect undervalued stocks with similar characteristics as Highland LongShort or determine the mutual funds which would be an excellent addition to an existing portfolio. Peer analysis of Highland LongShort's fundamental indicators could also be used in its relative valuation, which is a method of valuing Highland LongShort by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Highland LongShort to competition
FundamentalsHighland LongShortPeer Average
Price to Earning25.77 X6.53 X
Price to Book2.46 X0.74 X
Price to Sales1.23 X0.61 X
One Year Return14.93 %4.15 %
Three Year Return14.73 %3.60 %
Five Year Return0.45 %3.24 %
Ten Year Return5.81 %1.79 %
Net Asset28.04 M4.11 B
Last Dividend Paid0.060.65
Cash Position Weight4.62 %10.61 %
Equity Positions Weight95.39 %63.90 %

About Highland LongShort Buy or Sell Advice

When is the right time to buy or sell Highland LongShort Healthcare? Buying financial instruments such as Highland Mutual Fund isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Highland LongShort in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Recycling Thematic Idea Now

Recycling
Recycling Theme
West management companies as well as entities specializing in pollution control and recycling. The Recycling theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Recycling Theme or any other thematic opportunities.
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Please check Highland LongShort Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. 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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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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.