Highland Longshort Healthcare Fund Quote
| HHCAX Fund | USD 15.76 0.03 0.19% |
Performance14 of 100
| Odds Of DistressLess than 17
|
Highland Long/short is trading at 15.76 as of the 26th of November 2024; that is 0.19% up since the beginning of the trading day. The fund's open price was 15.73. Highland Long/short has less than a 17 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for Highland Longshort Healthcare are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of January 2023 and ending today, the 26th of November 2024. Click here to learn more.
The fund seeks to achieve its investment objective by primarily investing in equity, debt, andor derivative securities of companies that the Adviser expects to benefit from an event catalyst. It may invest significantly in the common stock of and other interests in special purpose acquisition companies or similar special purpose entities that pool funds to seek potential acquisition opportunities . More on Highland Longshort Healthcare
Moving together with Highland Mutual Fund
Highland Mutual Fund Highlights
| Fund Concentration | Highland Funds, Large Funds, Event Driven Funds, Event Driven, Highland Funds, Large, Long-Short Equity (View all Sectors) |
| Update Date | 30th of September 2024 |
| Expense Ratio Date | 31st of October 2022 |
| Fiscal Year End | June |
Highland Longshort Healthcare [HHCAX] is traded in USA and was established 26th of November 2024. Highland Long/short is listed under Highland Funds category by Fama And French industry classification. The fund is listed under Event Driven category and is part of Highland Funds family. This fund currently has accumulated 28.36 M in assets under management (AUM) with no minimum investment requirementsHighland Long/short is currently producing year-to-date (YTD) return of 7.72% with the current yeild of 0.02%, while the total return for the last 3 years was 3.33%.
Check Highland Long/short Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Highland Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Highland Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Highland Longshort Healthcare Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Highland Longshort Healthcare Mutual Fund Constituents
| TMO | Thermo Fisher Scientific | Stock | Health Care | |
| CNC | Centene Corp | Stock | Health Care | |
| AMRN | Amarin PLC | Stock | Health Care | |
| HRTX | Heron Therapeuti | Stock | Health Care | |
| ASND | Ascendis Pharma AS | Stock | Health Care | |
| NXTC | NextCure | Stock | Health Care | |
| VRTX | Vertex Pharmaceuticals | Stock | Health Care | |
| HUM | Humana Inc | Etf | Health Care |
Highland Long/short Risk Profiles
| Mean Deviation | 0.1577 | |||
| Standard Deviation | 0.1997 | |||
| Variance | 0.0399 | |||
| Downside Variance | 0.0485 |
Highland Long/short Against Markets
Other Information on Investing in Highland Mutual Fund
Highland Long/short 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 Long/short security.
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