Highland Small Cap Equity Fund Price on May 1, 2024
| HSZCX Fund | USD 3.23 0.01 0.31% |
Below is the normalized historical share price chart for Highland Small Cap Equity extending back to October 25, 2001. 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 Small-cap stands at 3.23, as last reported on the 27th of November, with the highest price reaching 3.23 and the lowest price hitting 3.23 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 somewhat reliable. Highland Small Cap 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 Small Cap, which you can use to evaluate the volatility of the entity. Please check out Highland Small-cap's Risk Adjusted Performance of 0.0924, downside deviation of 0.785, and Market Risk Adjusted Performance of 0.2026 to validate if the risk estimate we provide is consistent with the expected return of 0.12%.
Highland Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Highland |
Sharpe Ratio = 0.1226
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| Cash | HSZCX | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.0 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Highland Small-cap 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 Small-cap by adding it to a well-diversified portfolio.
Highland Small-cap Valuation on May 1, 2024
It is possible to determine the worth of Highland Small-cap on a given historical date. On May 1, 2024 Highland was worth 3.03 at the beginning of the trading date compared to the closed value of 3.03. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Highland Small-cap mutual fund. Still, in general, we apply an absolute valuation method to find Highland Small-cap'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 Small-cap where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Highland Small-cap's related companies.
| Open | High | Low | Close | Volume | |
| 3.01 | 3.01 | 3.01 | 3.01 | 1.00 | |
05/01/2024 | 3.03 | 3.03 | 3.03 | 3.03 | 1.00 |
| 3.09 | 3.09 | 3.09 | 3.09 | 1.00 |
| Backtest Highland Small-cap | | | Highland Small-cap History | | | Highland Small-cap Valuation | Previous | Next |
Highland Small-cap Trading Date Momentum on May 1, 2024
| On May 02 2024 Highland Small Cap Equity was traded for 3.09 at the closing time. The highest daily price throughout the period was 3.09 and the lowest price was 3.09 . There was no trading activity during the period 1.0. Lack of trading volume on 05/02/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 1.98% . The trading delta at closing time to current closing price is 5.61% . |
Highland Small Cap Fundamentals Correlations and Trends
By evaluating Highland Small-cap'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 Small-cap'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 Small-cap Mutual Fund history
Highland Small-cap 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 Small Cap 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 Small-cap stock prices may prove useful in developing a viable investing in Highland Small-cap
The fund seeks to achieve its investment objective by investing at least 80 percent of its net assets under normal circumstances in equity securities, such as common and preferred stocks, of climate tech companies, plus borrowing for investment purposes. The advisor defines climate tech as technologies and business models that act to decarbonize the energy, transport, buildings and infrastructure, industry, and agriculture sectors.
Highland Small-cap Mutual Fund Technical Analysis
Highland Small-cap 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 Small-cap Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Highland Small Cap Equity 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 Small-cap November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Highland Small-cap 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 Small-cap shares will generate the highest return on investment. By undertsting and applying Highland Small-cap mutual fund market strength indicators, traders can identify Highland Small Cap Equity entry and exit signals to maximize returns
Highland Small-cap Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Highland Small-cap'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 | 0.0924 | |||
| Jensen Alpha | 0.0408 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1926 |
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| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Highland Mutual Fund
Highland Small-cap 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 Small-cap security.
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |