Highland Mutual Fund Manager Performance Evaluation

HHCAX
 Fund
  

USD 14.26  0.02  0.14%   

The fund retains a Market Volatility (i.e., Beta) of 0.0434, which attests to not very significant fluctuations relative to the market. Let's try to break down what Highland's beta means in this case. As returns on the market increase, Highland LongShort returns are expected to increase less than the market. However, during the bear market, the loss on holding Highland LongShort will be expected to be smaller as well. Although it is important to respect Highland LongShort current price history, it is better to be realistic regarding the information on the equity's current price movements. The philosophy towards determining future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By evaluating Highland LongShort technical indicators, you can presently evaluate if the expected return of 0.0533% will be sustainable into the future.
  
Highland Performance
10 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Highland LongShort Healthcare are ranked lower than 10 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Highland LongShort is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
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Highland Price Channel

Fifty Two Week Low13.48
Fifty Two Week High16.79

Highland LongShort Relative Risk vs. Return Landscape

If you would invest  1,383  in Highland LongShort Healthcare on May 20, 2022 and sell it today you would earn a total of  45.00  from holding Highland LongShort Healthcare or generate 3.25% return on investment over 90 days. Highland LongShort Healthcare is currently producing 0.0533% returns and takes up 0.3917% volatility of returns over 90 trading days. Put another way, 3% of traded mutual funds are less volatile than Highland, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days horizon Highland LongShort is expected to generate 2.69 times less return on investment than the market. But when comparing it to its historical volatility, the company is 3.01 times less risky than the market. It trades about 0.14 of its potential returns per unit of risk. The DOW is currently generating roughly 0.12 of returns per unit of risk over similar time horizon.

Highland LongShort Current Valuation

Undervalued
Today 14.26
Please note that Highland LongShort's price fluctuation is out of control at this time.
Highland LongShort regular Real Value cannot be determined due to lack of data. The prevalent price of Highland LongShort is $14.26. Based on Macroaxis valuation methodology, the entity cannot be evaluated at this time. We determine the value of Highland LongShort from evaluating fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we encourage acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will come together.
Our valuation method for Highland LongShort Healthcare is useful when determining the fair value of the Highland mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Highland LongShort. Since Highland LongShort is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Highland Mutual Fund. However, Highland LongShort's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
0.00
Real Value
0.39
Upside
Estimating the potential upside or downside of Highland LongShort Healthcare helps investors to forecast how Highland mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Highland LongShort more accurately as focusing exclusively on Highland LongShort's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.9614.1414.33
Details
Hype
Prediction
LowEstimated ValueHigh
0.000.000.39
Details
Naive
Forecast
LowNext ValueHigh
14.0014.3914.78
Details

Highland LongShort Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Highland LongShort's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Highland LongShort Healthcare, and traders can use it to determine the average amount a Highland LongShort's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.136

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Estimated Market Risk
 0.39
  actual daily
 
 3 %
of total potential
 
33
Expected Return
 0.05
  actual daily
 
 0 %
of total potential
 
00
Risk-Adjusted Return
 0.14
  actual daily
 
 10 %
of total potential
 
1010
Based on monthly moving average Highland LongShort is performing at about 10% 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.

About Highland LongShort Performance

To evaluate Highland LongShort Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Highland LongShort generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Highland Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Highland LongShort market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Highland's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The fund seeks to primarily invest in equity, debt, andor derivative securities of companies that the Adviser expects to benefit from an event catalyst. Highland LongShort is traded on NASDAQ Exchange in the United States.

Things to note about Highland LongShort

Checking the ongoing alerts about Highland LongShort for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Highland LongShort help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Highland LongShort Alerts

Equity Alerts and Improvement Suggestions

Highland LongShort is unlikely to experience financial distress in the next 2 years
The fund retains 95.39% of its assets under management (AUM) in equities
Please check Risk vs Return Analysis. 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 Transaction History module to view history of all your transactions and understand their impact on performance.

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When running Highland LongShort 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 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 Highland LongShort value 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.