Highland Global Allocation Fund Market Value
| HGLB Fund | USD 8.22 0.07 0.84% |
| Symbol | Highland |
Highland Global 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Highland Global's fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Highland Global.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in Highland Global on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Highland Global Allocation or generate 0.0% return on investment in Highland Global over 720 days. Highland Global is related to or competes with Neuberger Berman, Doubleline Yield, Doubleline Income, Clough Global, Allianzgi Convertible, MFS Investment, and Eaton Vance. More
Highland Global Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Highland Global's fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Highland Global Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9921 | |||
| Information Ratio | 0.1566 | |||
| Maximum Drawdown | 5.55 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 2.02 |
Highland Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Highland Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Highland Global's standard deviation. In reality, there are many statistical measures that can use Highland Global historical prices to predict the future Highland Global's volatility.| Risk Adjusted Performance | 0.1216 | |||
| Jensen Alpha | 0.1868 | |||
| Total Risk Alpha | 0.1853 | |||
| Sortino Ratio | 0.1875 | |||
| Treynor Ratio | 0.6185 |
Highland Global Allo Backtested Returns
Highland Global appears to be not too volatile, given 3 months investment horizon. Highland Global Allo holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Highland Global Allo, which you can use to evaluate the volatility of the entity. Please utilize Highland Global's Market Risk Adjusted Performance of 0.6285, risk adjusted performance of 0.1216, and Downside Deviation of 0.9921 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 0.3, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Highland Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Highland Global is expected to be smaller as well.
Auto-correlation | -0.24 |
Weak reverse predictability
Highland Global Allocation has weak reverse predictability. Overlapping area represents the amount of predictability between Highland Global time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Highland Global Allo price movement. The serial correlation of -0.24 indicates that over 24.0% of current Highland Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Highland Global Allo lagged returns against current returns
Autocorrelation, which is Highland Global fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Highland Global's fund expected returns. We can calculate the autocorrelation of Highland Global returns to help us make a trade decision. For example, suppose you find that Highland Global has exhibited high autocorrelation historically, and you observe that the fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Highland Global regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Highland Global fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Highland Global fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Highland Global fund over time.
Current vs Lagged Prices |
| Timeline |
Highland Global Lagged Returns
When evaluating Highland Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Highland Global fund have on its future price. Highland Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Highland Global autocorrelation shows the relationship between Highland Global fund current value and its past values and can show if there is a momentum factor associated with investing in Highland Global Allocation.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Highland Fund
Highland Global 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 Global security.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. |