Highland Longshort Healthcare Fund Price on September 30, 2024
| HHCZX Fund | USD 16.53 0.04 0.24% |
Below is the normalized historical share price chart for Highland Longshort Healthcare extending back to May 05, 2008. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Highland Long/short stands at 16.53, as last reported on the 22nd of November, with the highest price reaching 16.53 and the lowest price hitting 16.53 during the day.
If you're considering investing in Highland Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Highland Mutual Fund to be very steady. Highland Long/short holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Highland Long/short, which you can use to evaluate the volatility of the entity. Please check out Highland Long/short's Risk Adjusted Performance of 0.0898, downside deviation of 0.2237, and Market Risk Adjusted Performance of (4.01) to validate if the risk estimate we provide is consistent with the expected return of 0.026%.
Highland Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Highland |
Sharpe Ratio = 0.1248
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| Negative Returns | HHCZX |
Estimated Market Risk
| 0.21 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Highland Long/short is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Highland Long/short by adding it to a well-diversified portfolio.
Highland Long/short Valuation on September 30, 2024
It is possible to determine the worth of Highland Long/short on a given historical date. On September 30, 2024 Highland was worth 16.37 at the beginning of the trading date compared to the closed value of 16.37. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Highland Long/short mutual fund. Still, in general, we apply an absolute valuation method to find Highland Long/short's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Highland Long/short where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Highland Long/short's related companies.
| Open | High | Low | Close | Volume | |
| 16.34 | 16.34 | 16.34 | 16.34 | 1.00 | |
09/30/2024 | 16.37 | 16.37 | 16.37 | 16.37 | 1.00 |
| 16.33 | 16.33 | 16.33 | 16.33 | 1.00 |
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Highland Long/short Trading Date Momentum on September 30, 2024
| On October 01 2024 Highland Longshort Healthcare was traded for 16.33 at the closing time. The highest daily price throughout the period was 16.33 and the lowest price was 16.33 . There was no trading activity during the period 1.0. Lack of trading volume on 10/01/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.24% . The trading delta at closing time to current closing price is 0.37% . |
Highland Long/short Fundamentals Correlations and Trends
By evaluating Highland Long/short's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Highland Long/short's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Highland financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Highland Long/short Mutual Fund history
Highland Long/short investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Highland is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Highland Long/short will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Highland Long/short stock prices may prove useful in developing a viable investing in Highland Long/short
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 . The fund may invest in SPACs for a variety of investment purposes, including to achieve income. It is non-diversified.
Highland Long/short Mutual Fund Technical Analysis
Highland Long/short 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.
Price Boundaries
Highland Long/short Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Highland Longshort Healthcare cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Highland Long/short November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Highland Long/short 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 Long/short shares will generate the highest return on investment. By undertsting and applying Highland Long/short mutual fund market strength indicators, traders can identify Highland Longshort Healthcare entry and exit signals to maximize returns
Highland Long/short Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Highland Long/short's price direction in advance. Along with the technical and fundamental analysis of Highland Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Highland to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0898 | |||
| Jensen Alpha | 0.0222 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.35) | |||
| Treynor Ratio | (4.02) |
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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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