Highland Longshort Healthcare Fund Price on August 20, 2020
| HHCZX Fund | USD 15.94 0.04 0.25% |
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 15.94, as last reported on the 18th of April 2024, with the highest price reaching 15.94 and the lowest price hitting 15.94 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 0.29, which attests that the entity had a 0.29% 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 0.3501, coefficient of variation of 319.27, and Risk Adjusted Performance of 0.1718 to validate if the risk estimate we provide is consistent with the expected return of 0.0528%.
Highland Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Highland |
Sharpe Ratio = 0.2947
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Estimated Market Risk
| 0.18 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.29 actual daily | 23 77% of assets perform better |
Based on monthly moving average Highland Longshort 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 Longshort by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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
Highland Longshort April 18, 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
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 15.94 | |||
| Day Typical Price | 15.94 | |||
| Price Action Indicator | 0.02 | |||
| Period Momentum Indicator | 0.04 |
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 | 0.1718 | |||
| Jensen Alpha | 0.0393 | |||
| Total Risk Alpha | 0.0326 | |||
| Sortino Ratio | (0.001) | |||
| Treynor Ratio | 0.3401 |
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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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.