Highland Opportunities And Fund Fundamentals
| HFRO Fund | USD 5.28 0.02 0.38% |
Highland Opportunities And fundamentals help investors to digest information that contributes to Highland Opportunities' 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 Opportunities' 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 Opportunities fund.
Highland |
Highland Opportunities And Fund Year To Date Return Analysis
Highland Opportunities' 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 Opportunities Year To Date Return | 3.81 % |
Most of Highland Opportunities' 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 Opportunities And 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 Opportunities And has a Year To Date Return of 3.8084%. 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 Opportunities Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Highland Opportunities's current stock value. Our valuation model uses many indicators to compare Highland Opportunities value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Highland Opportunities competition to find correlations between indicators driving Highland Opportunities's intrinsic value. More Info.Highland Opportunities And 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 Opportunities And 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 Opportunities' 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 Opportunities' 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 Opportunities could also be used in its relative valuation, which is a method of valuing Highland Opportunities by comparing valuation metrics of similar companies.Highland Opportunities 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 | 3.81 % | ||||
| One Year Return | (0.18) % | ||||
| Three Year Return | (1.07) % | ||||
| Five Year Return | 5.80 % | ||||
| Last Dividend Paid | 0.92 |
About Highland Opportunities Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Highland Opportunities And's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Highland Opportunities using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Highland Opportunities And 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 Floating Rate Opportunities Fund is a close-ended fixed income mutual fund launched by Highland Capital Management, L.P. Highland Funds I - Highland Floating Rate Opportunities Fund was formed on January 13, 2000 and is domiciled in the United States. Highland Floating operates under Asset Management classification in the United States and is traded on New York Stock Exchange.
Pair Trading with Highland Opportunities
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 Opportunities 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 Opportunities will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Highland Opportunities 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 Opportunities 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 Opportunities - 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 Opportunities And to buy it.
The correlation of Highland Opportunities 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 Opportunities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Highland Opportunities 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 Opportunities 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 Opportunities 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 Opportunities security.
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