Highland Mutual Fund Alpha and Beta Analysis

HHCAX
 Fund
  

USD 14.26  0.02  0.14%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Highland LongShort Healthcare. It also helps investors analyze the systematic and unsystematic risks associated with investing in Highland LongShort over a specified time horizon. Remember, high Highland LongShort's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Please check Highland LongShort Backtesting, Portfolio Optimization, Highland LongShort Correlation, Highland LongShort Hype Analysis, Highland LongShort Volatility, Highland LongShort History and analyze Highland LongShort Performance.
  
Please note that although Highland LongShort alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Highland LongShort did 0.032549  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Highland LongShort Healthcare fund's relative risk over its benchmark. Highland LongShort has a beta of 0.0434  . 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.
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Highland LongShort Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Highland LongShort market risk premium is the additional return an investor will receive from holding Highland LongShort 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 LongShort. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Highland LongShort's performance over market.
α0.032549   β0.0434
90 days against DJI

Highland LongShort expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Highland LongShort's Buy-and-hold return. Our buy-and-hold chart shows how Highland LongShort performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Highland LongShort Market Price Analysis

Market price analysis 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 understating and applying Highland LongShort mutual fund market price indicators, traders can identify Highland LongShort position entry and exit signals to maximize returns.

Highland LongShort Return and Market Media

The median price of Highland LongShort for the period between Fri, May 20, 2022 and Thu, Aug 18, 2022 is 13.92 with a coefficient of variation of 1.28. The daily time series for the period is distributed with a sample standard deviation of 0.18, arithmetic mean of 13.95, and mean deviation of 0.14. The Fund did not receive any noticable media coverage during the period.
 Price Growth (%)  
       Timeline  

About Highland LongShort Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Highland or other funds. Alpha measures the amount that position in Highland LongShort has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Highland LongShort in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Highland LongShort's short interest history, or implied volatility extrapolated from Highland LongShort options trading.

Build Portfolio with Highland LongShort

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please check Highland LongShort Backtesting, Portfolio Optimization, Highland LongShort Correlation, Highland LongShort Hype Analysis, Highland LongShort Volatility, Highland LongShort History and analyze Highland LongShort Performance. 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

Complementary Tools for Highland Mutual Fund analysis

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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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...