Highland Small Cap Equity Fund Quote
| HSZYX Fund | USD 6.31 0.04 0.64% |
Performance0 of 100
| Odds Of DistressLess than 22
|
Highland Small is trading at 6.31 as of the 19th of April 2024; that is 0.64 percent up since the beginning of the trading day. The fund's open price was 6.27. Highland Small has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Highland Small Cap Equity are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of April 2023 and ending today, the 19th of April 2024. Click here to learn more.
The fund seeks to achieve its investment objective by investing at least 80 percent of its net assets under normal circumstances in equity securities, such as common and preferred stocks, of climate tech companies, plus borrowing for investment purposes. More on Highland Small Cap Equity
Highland Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Highland Small's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Highland Small or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Highland Funds, Large Funds, Small Blend Funds, Small Blend, Highland Funds (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 31st of January 2023 |
| Fiscal Year End | September |
Highland Small Cap Equity [HSZYX] is traded in USA and was established 19th of April 2024. Highland Small is listed under Highland Funds category by Fama And French industry classification. The fund is listed under Small Blend category and is part of Highland Funds family. Highland Small Cap currently has accumulated 9.78 M in assets under management (AUM) with no minimum investment requirements, while the total return for the last 3 years was -5.98%.
Check Highland Small Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Highland Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Highland Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Highland Small Cap Equity Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Highland Small Cap Equity Mutual Fund Constituents
| SRC | Spirit Realty Capital | Stock | Real Estate |
| HRTX | Heron Therapeuti | Stock | Health Care |
| FTNT | Fortinet | Stock | Information Technology |
| SBGI | Sinclair Broadcast Group | Stock | Communication Services |
| COUP | Coupa Software | Stock | Information Technology |
| MOH | Molina Healthcare | Stock | Health Care |
| SAIL | Sailpoint Technologies Holdings | Stock | Software—Infrastructure |
Highland Small Target Price Odds Analysis
Based on a normal probability distribution, the odds of Highland Small jumping above the current price in 90 days from now is about 50.0%. The Highland Small Cap Equity probability density function shows the probability of Highland Small mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Highland Small has a beta of 0.6734. This usually indicates as returns on the market go up, Highland Small average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Highland Small Cap Equity will be expected to be much smaller as well. Additionally, highland Small Cap Equity has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Highland Small to move above the current price in 90 days from now is about 50.0 (This Highland Small Cap Equity probability density function shows the probability of Highland Mutual Fund to fall within a particular range of prices over 90 days) .
Highland Small Cap Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Highland Small market risk premium is the additional return an investor will receive from holding Highland Small long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Highland Small. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Highland Small's alpha and beta are two of the key measurements used to evaluate Highland Small's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.59 | |||
| Standard Deviation | 0.7332 | |||
| Variance | 0.5376 | |||
| Risk Adjusted Performance | (0.01) |
Highland Small Against Markets
Picking the right benchmark for Highland Small mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Highland Small mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Highland Small is critical whether you are bullish or bearish towards Highland Small Cap Equity at a given time. Please also check how Highland Small's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Highland Small without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Highland Mutual Fund?
Before investing in Highland Small, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Highland Small. To buy Highland Small fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Highland Small. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Highland Small fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Highland Small Cap Equity fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Highland Small Cap Equity fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Highland Small Cap Equity, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Highland Small Cap Equity?
The danger of trading Highland Small Cap Equity is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Highland Small is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Highland Small. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Highland Small Cap is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Highland Small Cap Equity. 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 manufacturing. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.