Highland Longshort Healthcare Fund Price on February 19, 2021

HHCZX Fund  USD 16.00  0.03  0.19%   
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 Long/short stands at 16.00, as last reported on the 23rd of April, with the highest price reaching 16.00 and the lowest price hitting 16.00 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 Long/short very steady. Highland Long/short holds Efficiency (Sharpe) Ratio of 0.31, which attests that the entity had a 0.31% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Highland Long/short, which you can use to evaluate the volatility of the entity. Please check out Highland Long/short's Coefficient Of Variation of 309.34, risk adjusted performance of 0.1742, and Market Risk Adjusted Performance of 0.3317 to validate if the risk estimate we provide is consistent with the expected return of 0.0556%.
  
Highland Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.3064

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Estimated Market Risk

 0.18
  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

 0.31
  actual daily
23
77% of assets perform better
Based on monthly moving average Highland Long/short is performing at about 23% 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 Long/short by adding it to a well-diversified portfolio.

Highland Long/short Valuation on February 19, 2021

It is possible to determine the worth of Highland Long/short on a given historical date. On February 19, 2021 Highland was worth 14.81 at the beginning of the trading date compared to the closed value of 14.43. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Highland Long/short mutual fund. Still, in general, we apply an absolute valuation method to find Highland Long/short'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 Long/short where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Highland Long/short's related companies.
 Open High Low Close Volume
04/07/2022
  14.81    14.81    14.43    14.43    1.00  
  14.81    14.81    14.43    14.43    1.00  
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Open Value
14.81
14.43
Closing Value
15.35
Upside

Highland Long/short Trading Date Momentum on February 19, 2021

The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.

Highland Long/short Fundamentals Correlations and Trends

By evaluating Highland Long/short'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 Long/short'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 Long/short Mutual Fund history

Highland Long/short 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 Long/short 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 Long/short stock prices may prove useful in developing a viable investing in Highland Long/short
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 Long/short Mutual Fund Technical Analysis

Highland Long/short 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 Long/short technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Highland Long/short 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 Long/short Period Price Range

Low
April 7, 2022
-0.38  -2.57%
High

 14.81 

     

 14.43 

Highland Long/short April 23, 2024 Market Strength

Market strength indicators help investors to evaluate how Highland Long/short 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 Long/short shares will generate the highest return on investment. By undertsting and applying Highland Long/short mutual fund market strength indicators, traders can identify Highland Longshort Healthcare entry and exit signals to maximize returns

Highland Long/short Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Highland Long/short'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 Long/short information on this page should be used as a complementary analysis to other Highland Long/short'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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Please note, there is a significant difference between Highland Long/short's value and its price as these two are different measures arrived at by different means. Investors typically determine if Highland Long/short is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Highland Long/short'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.