Highland Longshort Healthcare Fund Technical Analysis
HHCAX Fund | USD 15.05 0.01 0.07% |
As of the 18th of March 2024, Highland Longshort retains the Coefficient Of Variation of 401.76, risk adjusted performance of 0.1308, and Market Risk Adjusted Performance of 0.2667. Highland Longshort technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices. Simply put, you can use this information to find out if the entity will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to analyze eighteen technical drivers for Highland Longshort, which can be compared to its competitors. Please check out Highland Longshort downside deviation, jensen alpha, as well as the relationship between the Jensen Alpha and downside variance to decide if Highland Longshort is priced fairly, providing market reflects its last-minute price of 15.05 per share.
Highland Longshort Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Highland, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HighlandHighland |
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.
Highland Longshort Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Highland Longshort volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Highland Longshort Trend Analysis
Use this graph to draw trend lines for Highland Longshort Healthcare. You can use it to identify possible trend reversals for Highland Longshort as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Highland Longshort price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Highland Longshort Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Highland Longshort Healthcare applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Highland Longshort Healthcare will continue generating value for investors. It has 122 observation points and a regression sum of squares at 2.54, which is the sum of squared deviations for the predicted Highland Longshort price change compared to its average price change.About Highland Longshort Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Highland Longshort Healthcare on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Highland Longshort Healthcare based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Highland Longshort price pattern first instead of the macroeconomic environment surrounding Highland Longshort. By analyzing Highland Longshort's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Highland Longshort's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Highland Longshort specific price patterns or momentum indicators. Please read more on our technical analysis page.
Highland Longshort March 18, 2024 Technical Indicators
Most technical analysis of Highland help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Highland from various momentum indicators to cycle indicators. When you analyze Highland charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.1308 | |||
Market Risk Adjusted Performance | 0.2667 | |||
Mean Deviation | 0.1219 | |||
Downside Deviation | 0.1399 | |||
Coefficient Of Variation | 401.76 | |||
Standard Deviation | 0.1729 | |||
Variance | 0.0299 | |||
Information Ratio | (0.57) | |||
Jensen Alpha | 0.0161 | |||
Total Risk Alpha | (0) | |||
Sortino Ratio | (0.71) | |||
Treynor Ratio | 0.2567 | |||
Maximum Drawdown | 1.02 | |||
Value At Risk | (0.14) | |||
Potential Upside | 0.3347 | |||
Downside Variance | 0.0196 | |||
Semi Variance | (0.03) | |||
Expected Short fall | (0.16) | |||
Skewness | 1.79 | |||
Kurtosis | 7.35 |
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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
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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