Highland Longshort Healthcare Fund Market Value

HHCAX Fund  USD 15.05  0.01  0.07%   
Highland Longshort's market value is the price at which a share of Highland Longshort stock trades on a public exchange. It measures the collective expectations of Highland Longshort Healthcare investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Highland Longshort Healthcare and determine expected loss or profit from investing in Highland Longshort over a given investment horizon.
Check out Highland Longshort Correlation, Highland Longshort Volatility and Highland Longshort Alpha and Beta module to complement your research on Highland Longshort.
Symbol

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.

Highland Longshort 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Highland Longshort's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Highland Longshort.
0.00
03/30/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/19/2024
0.00
If you would invest  0.00  in Highland Longshort on March 30, 2022 and sell it all today you would earn a total of 0.00 from holding Highland Longshort Healthcare or generate 0.0% return on investment in Highland Longshort over 720 days. Highland Longshort is related to or competes with USCF Gold, Highland Longshort, Highland Merger, Highland Small-cap, Highland Small-cap, and Highland Small-cap. The fund seeks to achieve its investment objective by primarily investing in equity, debt, andor derivative securities o... More

Highland Longshort Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Highland Longshort's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Highland Longshort Healthcare upside and downside potential and time the market with a certain degree of confidence.

Highland Longshort Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Highland Longshort's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Highland Longshort's standard deviation. In reality, there are many statistical measures that can use Highland Longshort historical prices to predict the future Highland Longshort's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Highland Longshort's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Highland Longshort in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
14.8815.0515.22
Details
Intrinsic
Valuation
LowRealHigh
13.6313.8016.56
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Highland Longshort. Your research has to be compared to or analyzed against Highland Longshort's peers to derive any actionable benefits. When done correctly, Highland Longshort's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Highland Longshort.

Highland Longshort Backtested Returns

We consider Highland Longshort very steady. Highland Longshort holds Efficiency (Sharpe) Ratio of 0.3, which attests that the entity had 0.3% return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for Highland Longshort, which you can use to evaluate the future volatility of the entity. Please check out Highland Longshort's Coefficient Of Variation of 401.76, market risk adjusted performance of (11.38), and Risk Adjusted Performance of 0.1308 to validate if the risk estimate we provide is consistent with the expected return of 0.0496%. The fund retains a Market Volatility (i.e., Beta) of -0.0029, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Highland Longshort are expected to decrease at a much lower rate. During the bear market, Highland Longshort is likely to outperform the market. By evaluating Highland Longshort technical indicators, you can presently evaluate if the expected return of 0.0496% will be sustainable into the future.

Auto-correlation

    
  0.68  

Good predictability

Highland Longshort Healthcare has good predictability. Overlapping area represents the amount of predictability between Highland Longshort time series from 30th of March 2022 to 25th of March 2023 and 25th of March 2023 to 19th of March 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Highland Longshort price movement. The serial correlation of 0.68 indicates that around 68.0% of current Highland Longshort price fluctuation can be explain by its past prices.
Correlation Coefficient0.68
Spearman Rank Test0.65
Residual Average0.0
Price Variance0.13

Highland Longshort lagged returns against current returns

Autocorrelation, which is Highland Longshort mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Highland Longshort's mutual fund expected returns. We can calculate the autocorrelation of Highland Longshort returns to help us make a trade decision. For example, suppose you find that Highland Longshort mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Highland Longshort regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Highland Longshort mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Highland Longshort mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Highland Longshort mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Highland Longshort Lagged Returns

When evaluating Highland Longshort's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Highland Longshort mutual fund have on its future price. Highland Longshort autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Highland Longshort autocorrelation shows the relationship between Highland Longshort mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Highland Longshort Healthcare.
   Regressed Prices   
       Timeline  

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Check out Highland Longshort Correlation, Highland Longshort Volatility and Highland Longshort Alpha and Beta module to complement your research on Highland Longshort.
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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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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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...