Highland Longshort Mutual Fund Forward View - Simple Exponential Smoothing

HHCCX Fund  USD 15.11  0.16  1.05%   
Highland Mutual Fund outlook is based on your current time horizon.
At this time, the relative strength index (RSI) of Highland Longshort's share price is approaching 41. This usually indicates that the mutual fund is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Highland Longshort, making its price go up or down.

Momentum 41

 Sell Extended

 
Oversold
 
Overbought
The successful prediction of Highland Longshort's future price could yield a significant profit. We analyze noise-free headlines and recent hype associated with Highland Longshort Healthcare, which may create opportunities for some arbitrage if properly timed.
Using Highland Longshort hype-based prediction, you can estimate the value of Highland Longshort Healthcare from the perspective of Highland Longshort response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Highland Longshort Healthcare on the next trading day is expected to be 15.11 with a mean absolute deviation of 0.09 and the sum of the absolute errors of 5.50.

Highland Longshort after-hype prediction price

    
  USD 15.11  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as fund price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
  
Check out Historical Fundamental Analysis of Highland Longshort to cross-verify your projections.

Highland Longshort Additional Predictive Modules

Most predictive techniques to examine Highland price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Highland using various technical indicators. When you analyze Highland charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Highland Longshort simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Highland Longshort Healthcare are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Highland Longshort prices get older.

Highland Longshort Simple Exponential Smoothing Price Forecast For the 2nd of February

Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Highland Longshort Healthcare on the next trading day is expected to be 15.11 with a mean absolute deviation of 0.09, mean absolute percentage error of 0.02, and the sum of the absolute errors of 5.50.
Please note that although there have been many attempts to predict Highland Mutual Fund prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Highland Longshort's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Highland Longshort Mutual Fund Forecast Pattern

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Highland Longshort Forecasted Value

In the context of forecasting Highland Longshort's Mutual Fund value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Highland Longshort's downside and upside margins for the forecasting period are 14.27 and 15.95, respectively. We have considered Highland Longshort's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
15.11
15.11
Expected Value
15.95
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Highland Longshort mutual fund data series using in forecasting. Note that when a statistical model is used to represent Highland Longshort mutual fund, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria112.1601
BiasArithmetic mean of the errors 0.0143
MADMean absolute deviation0.0917
MAPEMean absolute percentage error0.006
SAESum of the absolute errors5.5
This simple exponential smoothing model begins by setting Highland Longshort Healthcare forecast for the second period equal to the observation of the first period. In other words, recent Highland Longshort observations are given relatively more weight in forecasting than the older observations.

Predictive Modules for Highland Longshort

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Highland Longshort. Regardless of method or technology, however, to accurately forecast the mutual fund market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the mutual fund market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Hype
Prediction
LowEstimatedHigh
14.2715.1115.95
Details
Intrinsic
Valuation
LowRealHigh
13.8314.6715.51
Details
Bollinger
Band Projection (param)
LowMiddleHigh
14.9015.2615.63
Details

Highland Longshort After-Hype Price Density Analysis

As far as predicting the price of Highland Longshort at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Highland Longshort or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Mutual Fund prices, such as prices of Highland Longshort, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Highland Longshort Estimiated After-Hype Price Volatility

In the context of predicting Highland Longshort's mutual fund value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Highland Longshort's historical news coverage. Highland Longshort's after-hype downside and upside margins for the prediction period are 14.27 and 15.95, respectively. We have considered Highland Longshort's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
15.11
15.11
After-hype Price
15.95
Upside
Highland Longshort is very steady at this time. Analysis and calculation of next after-hype price of Highland Longshort is based on 3 months time horizon.

Highland Longshort Mutual Fund Price Outlook Analysis

Have you ever been surprised when a price of a Mutual Fund such as Highland Longshort is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Highland Longshort backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Fund price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Highland Longshort, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.09 
0.84
 0.00  
  0.14 
0 Events / Month
0 Events / Month
In a few days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
15.11
15.11
0.00 
0.00  
Notes

Highland Longshort Hype Timeline

Highland Longshort is currently traded for 15.11. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.14. Highland is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is currently at -0.09%. %. The volatility of related hype on Highland Longshort is about 52.69%, with the expected price after the next announcement by competition of 15.25. The company had not issued any dividends in recent years. Assuming the 90 days horizon the next forecasted press release will be in a few days.
Check out Historical Fundamental Analysis of Highland Longshort to cross-verify your projections.

Highland Longshort Related Hype Analysis

Having access to credible news sources related to Highland Longshort's direct competition is more important than ever and may enhance your ability to predict Highland Longshort's future price movements. Getting to know how Highland Longshort's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Highland Longshort may potentially react to the hype associated with one of its peers.

Other Forecasting Options for Highland Longshort

For every potential investor in Highland, whether a beginner or expert, Highland Longshort's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Highland Mutual Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Highland. Basic forecasting techniques help filter out the noise by identifying Highland Longshort's price trends.

Highland Longshort Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Highland Longshort mutual fund to make a market-neutral strategy. Peer analysis of Highland Longshort could also be used in its relative valuation, which is a method of valuing Highland Longshort by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Highland Longshort Market Strength Events

Market strength 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 undertsting and applying Highland Longshort mutual fund market strength indicators, traders can identify Highland Longshort Healthcare entry and exit signals to maximize returns.

Highland Longshort Risk Indicators

The analysis of Highland Longshort's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Highland Longshort's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting highland mutual fund prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Story Coverage note for Highland Longshort

The number of cover stories for Highland Longshort depends on current market conditions and Highland Longshort's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Highland Longshort is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Highland Longshort's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

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Other Information on Investing in Highland Mutual Fund

Highland Longshort financial ratios help investors to determine whether Highland Mutual 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 Longshort security.
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