Highland Longshort Healthcare Fund Price on June 22, 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.
 
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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-seven technical indicators for Highland Longshort, which you can use to evaluate the volatility of the entity. Please check out Highland Longshort's Coefficient Of Variation of 293.35, risk adjusted performance of 0.1656, and Market Risk Adjusted Performance of 0.4102 to validate if the risk estimate we provide is consistent with the expected return of 0.0607%.
  
Highland Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.3609

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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 June 22, 2022

It is possible to determine the worth of Highland Longshort on a given historical date. On June 22, 2022 Highland was worth 13.78 at the beginning of the trading date compared to the closed value of 13.46. 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
  13.77    13.77    13.45    13.45    1.00  
06/22/2022
  13.78    13.78    13.46    13.46    1.00  
  13.83    13.83    13.51    13.51    1.00  
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Open Value
13.78
13.46
Closing Value
14.28
Upside

Highland Longshort Trading Date Momentum on June 22, 2022

On June 23 2022 Highland Longshort Healthcare was traded for  13.51  at the closing time. The highest daily price throughout the period was 13.83  and the lowest price was  13.51 . There was no trading activity during the period 1.0. Lack of trading volume on 06/23/2022 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.37% . The trading delta at closing time to current closing price is 3.34% .

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.
A focus of Highland Longshort technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Highland Longshort trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Highland Longshort Period Price Range

Low
June 22, 2022
High

 13.78 

  

 13.46 

-0.32-2.32%

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.
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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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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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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.