Highland Longshort Healthcare Fund Price on April 6, 2022
HHCAX Fund | USD 15.18 0.02 0.13% |
Below is the normalized historical share price chart for Highland Longshort Healthcare extending back to May 05, 2008. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Highland Longshort stands at 15.18, as last reported on the 28th of March, with the highest price reaching 15.18 and the lowest price hitting 15.18 during the day.
If you're considering investing in Highland Mutual Fund, it is important to understand the factors that can impact its price. We consider Highland Longshort very steady. Highland Longshort holds Efficiency (Sharpe) Ratio of 0.36, which attests that the entity had a 0.36% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Highland Longshort, which you can use to evaluate the volatility of the entity. Please check out Highland Longshort's Market Risk Adjusted Performance of 0.4102, coefficient of variation of 293.35, and Risk Adjusted Performance of 0.1656 to validate if the risk estimate we provide is consistent with the expected return of 0.0597%.
Highland Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Highland |
Sharpe Ratio = 0.3577
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Estimated Market Risk
0.17 actual daily | 1 99% of assets are more volatile |
Expected Return
0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
0.36 actual daily | 27 73% of assets perform better |
Based on monthly moving average Highland Longshort is performing at about 27% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Highland Longshort by adding it to a well-diversified portfolio.
Highland Longshort Valuation on April 6, 2022
It is possible to determine the worth of Highland Longshort on a given historical date. On April 6, 2022 Highland was worth 14.12 at the beginning of the trading date compared to the closed value of 13.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Highland Longshort mutual fund. Still, in general, we apply an absolute valuation method to find Highland Longshort's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Highland Longshort where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Highland Longshort's related companies.
Open | High | Low | Close | Volume | |
14.15 | 14.15 | 13.82 | 13.82 | 1.00 | |
04/06/2022 | 14.12 | 14.12 | 13.80 | 13.80 | 1.00 |
14.12 | 14.12 | 13.80 | 13.80 | 1.00 |
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Highland Longshort Trading Date Momentum on April 6, 2022
On April 07 2022 Highland Longshort Healthcare was traded for 13.80 at the closing time. The highest daily price throughout the period was 14.12 and the lowest price was 13.80 . There was no trading activity during the period 1.0. Lack of trading volume on 04/07/2022 did not cause price change. The trading delta at closing time to current closing price is 2.25% . |
Highland Longshort Fundamentals Correlations and Trends
By evaluating Highland Longshort's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Highland Longshort's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Highland financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Highland Longshort Mutual Fund history
Highland Longshort investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Highland is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Highland Longshort will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Highland Longshort stock prices may prove useful in developing a viable investing in Highland Longshort
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 . The fund may invest in SPACs for a variety of investment purposes, including to achieve income. It is non-diversified.
Highland Longshort Mutual Fund Technical Analysis
Highland Longshort technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Highland Longshort Period Price Range
Low | April 6, 2022 | High |
14.12 | 13.80 |
-0.32 | -2.27% |
Highland Longshort March 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Highland Longshort mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Highland Longshort shares will generate the highest return on investment. By undertsting and applying Highland Longshort mutual fund market strength indicators, traders can identify Highland Longshort Healthcare entry and exit signals to maximize returns
Highland Longshort Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Highland Longshort's price direction in advance. Along with the technical and fundamental analysis of Highland Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Highland to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.1656 | |||
Jensen Alpha | 0.0318 | |||
Total Risk Alpha | 0.0093 | |||
Sortino Ratio | (0.65) | |||
Treynor Ratio | 0.4002 |
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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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your 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.
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