Highland Merger Arbitrage Fund Price on November 23, 2024
| HMEAX Fund | USD 19.45 0.02 0.10% |
Below is the normalized historical share price chart for Highland Merger Arbitrage extending back to August 01, 2016. 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 Merger stands at 19.45, as last reported on the 23rd of November, with the highest price reaching 19.45 and the lowest price hitting 19.45 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 Merger Arbitrage holds Efficiency (Sharpe) Ratio of 0.0623, which attests that the entity had a 0.0623% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Highland Merger Arbitrage, which you can use to evaluate the volatility of the entity. Please check out Highland Merger's Downside Deviation of 0.2913, risk adjusted performance of 0.0231, and Market Risk Adjusted Performance of 0.1263 to validate if the risk estimate we provide is consistent with the expected return of 0.0129%.
Highland Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Highland |
Sharpe Ratio = 0.0623
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Estimated Market Risk
| 0.21 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Highland Merger is performing at about 4% 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 Merger by adding it to a well-diversified portfolio.
Highland Merger Valuation on November 23, 2024
It is possible to determine the worth of Highland Merger on a given historical date. On November 23, 2024 Highland was worth 19.45 at the beginning of the trading date compared to the closed value of 19.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Highland Merger mutual fund. Still, in general, we apply an absolute valuation method to find Highland Merger'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 Merger where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Highland Merger's related companies.
| Open | High | Low | Close | Volume | |
| 19.45 | 19.45 | 19.45 | 19.45 | 1.00 | |
11/23/2024 | 19.45 | 19.45 | 19.45 | 19.45 | 0.00 |
| Backtest Highland Merger | | | Highland Merger History | | | Highland Merger Valuation | Previous |
Highland Merger Trading Date Momentum on November 23, 2024
| On November 23 2024 Highland Merger Arbitrage was traded for 19.45 at the closing time. The highest daily price throughout the period was 19.45 and the lowest price was 19.45 . There was no trading activity during the period 0.0. Lack of trading volume on 11/23/2024 did not cause price change. The trading delta at closing time to current closing price is 0.00% . |
Highland Merger Arbitrage Fundamentals Correlations and Trends
By evaluating Highland Merger'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 Merger'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 Merger Mutual Fund history
Highland Merger 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 Merger Arbitrage 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 Merger stock prices may prove useful in developing a viable investing in Highland Merger
The fund normally invests at least 80 percent of the value of its total assets in securities of companies that are involved in publicly-announced mergers or companies that the Adviser believes may be involved in Merger Transactions. It engages in risk arbitrage strategies, particularly merger arbitrage strategies, in order to achieve its investment objective. The fund is non-diversified.
Highland Merger Mutual Fund Technical Analysis
Highland Merger 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 Merger Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Highland Merger Arbitrage 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 Merger November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Highland Merger 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 Merger shares will generate the highest return on investment. By undertsting and applying Highland Merger mutual fund market strength indicators, traders can identify Highland Merger Arbitrage entry and exit signals to maximize returns
Highland Merger Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Highland Merger'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 | 0.0231 | |||
| Jensen Alpha | (0.0001) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.40) | |||
| Treynor Ratio | 0.1163 |
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Other Information on Investing in Highland Mutual Fund
Highland Merger 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 Merger security.
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets |