Highland Floating Rate Fund Fundamentals
| HFRO Fund | USD 5.77 0.48 9.07% |
Highland Floating Rate fundamentals help investors to digest information that contributes to Highland Floating's financial success or failures. It also enables traders to predict the movement of Highland Fund. The fundamental analysis module provides a way to measure Highland Floating's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Highland Floating fund.
Highland |
Highland Floating Rate Fund Year To Date Return Analysis
Highland Floating's Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
More About Year To Date Return | All Equity Analysis
YTD Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Highland Floating Year To Date Return | 4.08 % |
Most of Highland Floating's fundamental indicators, such as Year To Date Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Highland Floating Rate is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
| Competition |
According to the company's disclosures, Highland Floating Rate has a Year To Date Return of 4.0775%. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The year to date return for all United States funds is notably lower than that of the firm.
Highland Floating Rate Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Highland Floating's current stock value. Our valuation model uses many indicators to compare Highland Floating value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Highland Floating competition to find correlations between indicators driving Highland Floating's intrinsic value. More Info.Highland Floating Rate is rated # 5 fund in price to earning among similar funds. It is rated below average in annual yield among similar funds . The ratio of Price To Earning to Annual Yield for Highland Floating Rate is about 934.00 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Highland Floating's earnings, one of the primary drivers of an investment's value.Highland Year To Date Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Highland Floating's direct or indirect competition against its Year To Date Return to detect undervalued stocks with similar characteristics or determine the funds which would be a good addition to a portfolio. Peer analysis of Highland Floating could also be used in its relative valuation, which is a method of valuing Highland Floating by comparing valuation metrics of similar companies.Highland Floating is currently under evaluation in year to date return among similar funds.
Highland Fundamentals
| Shares Outstanding | 71.42 M | ||||
| Shares Owned By Institutions | 69.57 % | ||||
| Number Of Shares Shorted | 18.93 K | ||||
| Price To Earning | 4.67 X | ||||
| Short Ratio | 0.08 X | ||||
| Earnings Per Share | 2.45 X | ||||
| Market Capitalization | 578.91 M | ||||
| Annual Yield | 0.01 % | ||||
| Year To Date Return | 4.08 % | ||||
| One Year Return | 5.62 % | ||||
| Three Year Return | 3.17 % | ||||
| Five Year Return | 5.43 % | ||||
| Last Dividend Paid | 0.92 |
About Highland Floating Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Highland Floating Rate's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Highland Floating using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Highland Floating Rate based on its fundamental data. In general, a quantitative approach, as applied to this fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Highland Funds I - Highland Opportunities and Income Fund is a close-ended fixed income mutual fund launched by Highland Capital Management, L.P. It is managed by Highland Capital Management Fund Advisors, L.P. The fund invests in fixed income markets of countries across the globe. It primarily invests in floating rate loans and other securities deemed to be floating rate investments, with an emphasis on adjustable rate senior loans to corporations and partnerships. The fund seeks to invest in below investment grade securities. It also invests through derivatives. The fund benchmarks the performance of its portfolio against the Credit Suisse Leveraged Loan Index. It was formerly known as Highland Funds I - Highland Income Fund. Highland Funds I - Highland Opportunities and Income Fund was formed on January 13, 2000 and is domiciled in the United States.
Pair Trading with Highland Floating
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Highland Floating position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Highland Floating will appreciate offsetting losses from the drop in the long position's value.Moving together with Highland Fund
Moving against Highland Fund
| 0.92 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.78 | MFD | Macquariefirst Tr Global | PairCorr |
| 0.78 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.75 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.75 | DIS | Walt Disney Aggressive Push | PairCorr |
The ability to find closely correlated positions to Highland Floating could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Highland Floating when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Highland Floating - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Highland Floating Rate to buy it.
The correlation of Highland Floating is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Highland Floating moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Highland Floating Rate moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Highland Floating can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Highland Fund
Highland Floating financial ratios help investors to determine whether Highland 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 Floating security.
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