Highland Funds Competition

HFRO-PB Fund

15.98 0.01 0.06%

Highland Funds I competes with Aig Government, Wesmark Government, Inverse Government, Jpmorgan Government, and Short Term; as well as few others. The fund is not classified under any group at this time. Analyzing Highland Funds competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Highland Funds to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Highland Funds Correlation with its peers.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Highland Funds competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
15.66	15.98	16.30

Details

Intrinsic

Valuation

Low	Real	High
15.38	15.70	16.02

Details

Highland Funds Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Highland Funds and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Highland and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Highland Funds I does not affect the price movement of the other competitor.

	SMAAX	WMBDX	RYAQX	JGBZX	TWARX	DNCGX	CGTFX
SMAAX		0.51	0.63	-0.01	0.62	0.12	0.17	SMAAX
WMBDX	0.51		0.14	0.75	0.41	0.73	0.86	WMBDX
RYAQX	0.63	0.14		-0.33	0.79	-0.23	0.01	RYAQX
JGBZX	-0.01	0.75	-0.33		0.02	0.9	0.82	JGBZX
TWARX	0.62	0.41	0.79	0.02		0.13	0.4	TWARX
DNCGX	0.12	0.73	-0.23	0.9	0.13		0.79	DNCGX
CGTFX	0.17	0.86	0.01	0.82	0.4	0.79		CGTFX
	SMAAX	WMBDX	RYAQX	JGBZX	TWARX	DNCGX	CGTFX

High positive correlations

DNCGX	+ 0.9	JGBZX
CGTFX	+ 0.86	WMBDX
CGTFX	+ 0.82	JGBZX
TWARX	+ 0.79	RYAQX
CGTFX	+ 0.79	DNCGX
JGBZX	+ 0.75	WMBDX

High negative correlations

JGBZX	- 0.33	RYAQX
DNCGX	- 0.23	RYAQX
JGBZX	- 0.01	SMAAX

Risk-Adjusted Indicators

There is a big difference between Highland Fund performing well and Highland Funds Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Highland Funds' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SMAAX	0.06	0.01	(0.95)	1.84	0.00	(0.13)	0.19	(0.10)	0.29
WMBDX	0.16	0.00	(0.39)	0.14	0.15	(0.20)	0.25	(0.37)	1.00
RYAQX	0.40	0.04	(0.19)	(0.12)	0.43	(0.44)	0.98	(0.62)	1.98
JGBZX	0.14	(0.01)	(0.55)	(0.10)	0.15	(0.17)	0.31	(0.31)	0.82
TWARX	0.04	0.00	(0.96)	(0.29)	0.00	(0.13)	0.11	(0.11)	0.44
DNCGX	0.13	(0.01)	(0.58)	(0.03)	0.12	(0.16)	0.24	(0.31)	0.63
CGTFX	0.12	(0.01)	(0.58)	(0.22)	0.14	(0.15)	0.25	(0.25)	0.82

Unable to evaluate fundamental data of [SMAAX, WMBDX, RYAQX, JGBZX, TWARX, DNCGX, CGTFX] at this time. Please try again later

All Fundamental Data

Highland Funds Competitive Analysis

The better you understand Highland Funds competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Highland Funds' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Highland Funds' competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	HFRO-PB	SMAAX	WMBDX	RYAQX	JGBZX	TWARX	DNCGX	CGTFX
	0.06 15.98 Highland	0.29 10.37 Aig	0.25 8.03 Wesmark	0.13 180.75 Inverse	0.10 9.78 Jpmorgan	0.11 9.15 Short	0.16 12.71 Dunham	0.16 12.15 CGTFX
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	Weakest	Solid	Soft	Good	Weakest	Soft	Weakest	Weakest
Odds of Financial Distress (Probability Of Bankruptcy)	Fair	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Over Valued	Fairly Valued	Over Valued	Fairly Valued	Over Valued	Fairly Valued	Fairly Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Cautious Hold	Strong Sell	Cautious Hold	Strong Sell	Sell	Strong Sell	Sell	Sell
Cash Position Weight	N/A	3.60 %	4.41 %	186.87 %	3.24 %	3.79 %	5.16 %	2.36 %
Three Year Return	N/A	2.70 %	2.96 %	9.49 %	2.94 %	3.27 %	4.24 %	3.08 %
Net Asset	N/A	60.49 M	173.98 M	14.73 M	1.39 B	181.71 M	324.64 M	12.15 B
Annual Yield	N/A	0 %	0 %	0.08 %	0.03 %	0.03 %	0.04 %	0.04 %
Minimum Initial Investment	N/A	100 K	1 K	N/A	N/A	N/A	100 K	N/A
Five Year Return	N/A	0.28 %	(1.86) %	11.79 %	(0.88) %	1.05 %	0.28 %	(0.08) %
Year To Date Return	N/A	0.62 %	0.37 %	4.00 %	0.31 %	2.45 %	0.16 %	0.05 %
One Year Return	N/A	5.40 %	8.60 %	(0.28) %	7.12 %	4.50 %	7.64 %	9.09 %
Last Dividend Paid	N/A	0.01	0.01	0.44	0.01	N/A	0.02	0.02
Bond Positions Weight	N/A	96.40 %	95.59 %	0.42 %	N/A	N/A	94.01 %	N/A
Ten Year Return	N/A	3.01 %	1.99 %	(10.23) %	3.07 %	0.55 %	3.44 %	3.27 %
Day Typical Price	15.95	10.37	8.03	180.75	9.78	9.15	12.71	12.15
Accumulation Distribution	0.005	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Market Facilitation Index	0.08	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Daily Balance Of Power	0.125	9.2 T	9.2 T	(9,223,372,036,855)	9.2 T	(9,223,372,036,855)	9.2 T	9.2 T
Period Momentum Indicator	0.01	0.03	0.02	(0.23)	0.01	(0.01)	0.02	0.02
Rate Of Daily Change	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0
Day Median Price	15.94	10.37	8.03	180.75	9.78	9.15	12.71	12.15
Price Action Indicator	0.045	0.015	0.01	(0.11)	0.005	(0.01)	0.01	0.01
Coefficient Of Variation	(1,474)	354.52	1352.78	1641.72	2834.76	873.19	1912.78	3129.27
Mean Deviation	0.2512	0.0646	0.1582	0.3976	0.1436	0.0435	0.1313	0.1232
Jensen Alpha	(0.04)	0.0128	0.0012	0.0396	(0.01)	(0)	(0.01)	(0.01)
Total Risk Alpha	(0.08)	6.0E-4	(0.03)	(0.06)	(0.03)	(0.01)	(0.03)	(0.03)
Sortino Ratio	N/A	(0.95)	(0.39)	(0.19)	(0.55)	(0.96)	(0.58)	(0.58)
Downside Variance	N/A	0.0104	0.0713	0.2334	0.0427	0.0135	0.0369	0.0398
Standard Deviation	0.3227	0.0837	0.2081	0.5027	0.1806	0.0727	0.1626	0.1603
Kurtosis	0.6611	0.751	0.8194	0.4788	0.2018	5.03	(0.63)	0.4468
Potential Upside	0.492	0.1947	0.2522	0.9802	0.308	0.1096	0.237	0.2479
Treynor Ratio	(0.49)	1.84	0.1421	(0.12)	(0.1)	(0.29)	(0.03)	(0.22)
Maximum Drawdown	1.79	0.2927	1.0	1.98	0.8176	0.4392	0.6322	0.8239
Variance	0.1041	0.007	0.0433	0.2527	0.0326	0.0053	0.0264	0.0257
Market Risk Adjusted Performance	(0.48)	1.85	0.1521	(0.11)	(0.09)	(0.28)	(0.02)	(0.21)
Risk Adjusted Performance	(0.06)	0.1248	0.0283	0.039	(0)	(0.01)	0.0035	(0.01)
Skewness	0.4539	0.6917	(0.50)	(0.01)	(0.28)	1.23	(0.23)	(0.39)
Semi Deviation	N/A	0.0	0.1509	0.4333	0.1521	0.0	0.1219	0.1356
Information Ratio	(0.44)	(1.15)	(0.50)	(0.18)	(0.63)	(1.54)	(0.69)	(0.72)
Value At Risk	(0.43)	(0.1)	(0.37)	(0.62)	(0.31)	(0.11)	(0.31)	(0.25)
Expected Short fall	N/A	(0.13)	(0.20)	(0.44)	(0.17)	(0.13)	(0.16)	(0.15)
Downside Deviation	N/A	0.102	0.2671	0.4832	0.2067	0.116	0.1922	0.1994
Semi Variance	N/A	(0.02)	0.0228	0.1878	0.0231	(0.01)	0.0149	0.0184

Highland Funds Competition Performance Charts

Five steps to successful analysis of Highland Funds Competition

Highland Funds' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Highland Funds I in relation to its competition. Highland Funds' competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Highland Funds in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Highland Funds' competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Highland Funds I, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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Other Information on Investing in Highland Fund

Highland Funds financial ratios help investors to determine whether Highland Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Highland with respect to the benefits of owning Highland Funds security.

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