Highland Floating Rate Fund Price To Earning
| HFRO Fund | USD 5.79 0.03 0.52% |
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 Price To Earning Analysis
Highland Floating's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Highland Floating Price To Earning | 4.67 X |
Most of Highland Floating's fundamental indicators, such as Price To Earning, 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.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, Highland Floating Rate has a Price To Earning of 4.67 times. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The price to earning for all United States funds is notably lower than that of the firm.
Highland Price To Earning 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 Price To Earning 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 price to earning 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 | 0.16 % | ||||
| One Year Return | (1.64) % | ||||
| Three Year Return | (1.44) % | ||||
| Five Year Return | 3.21 % | ||||
| 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.
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.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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