Highland Funds I Preferred Stock Market Value
| HFRO-PA Preferred Stock | USD 16.56 0.25 1.49% |
| Symbol | Highland |
Please note, there is a significant difference between Highland Funds' value and its price as these two are different measures arrived at by different means. Investors typically determine if Highland Funds is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Highland Funds' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Highland Funds '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 Funds' preferred stock 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 Funds.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in Highland Funds on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding Highland Funds I or generate 0.0% return on investment in Highland Funds over 720 days. Highland Funds is related to or competes with Gabelli Multimedia, Morningstar Unconstrained, Thrivent High, High Yield, Via Renewables, T Rowe, and 70082LAB3. Highland Funds I - Highland Floating Rate Opportunities Fund is a close-ended fixed income mutual fund launched by Highl... More
Highland Funds 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 Funds' preferred stock 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 Funds I upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 4.44 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 0.8804 |
Highland Funds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Highland Funds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Highland Funds' standard deviation. In reality, there are many statistical measures that can use Highland Funds historical prices to predict the future Highland Funds' volatility.| Risk Adjusted Performance | (0.23) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (2.84) |
Highland Funds I Backtested Returns
Highland Funds I holds Efficiency (Sharpe) Ratio of -0.28, which attests that the entity had a -0.28% return per unit of risk over the last 3 months. Highland Funds I exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Highland Funds' Risk Adjusted Performance of (0.23), market risk adjusted performance of (2.83), and Standard Deviation of 0.906 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0964, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Highland Funds' returns are expected to increase less than the market. However, during the bear market, the loss of holding Highland Funds is expected to be smaller as well. At this point, Highland Funds I has a negative expected return of -0.26%. Please make sure to check out Highland Funds' jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Highland Funds I performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.66 |
Very good reverse predictability
Highland Funds I has very good reverse predictability. Overlapping area represents the amount of predictability between Highland Funds time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th of December 2024. 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 Funds I price movement. The serial correlation of -0.66 indicates that around 66.0% of current Highland Funds price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
Highland Funds I lagged returns against current returns
Autocorrelation, which is Highland Funds preferred stock'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 Funds' preferred stock expected returns. We can calculate the autocorrelation of Highland Funds returns to help us make a trade decision. For example, suppose you find that Highland Funds has exhibited high autocorrelation historically, and you observe that the preferred stock 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 Funds 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 Funds preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Highland Funds preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Highland Funds preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Highland Funds Lagged Returns
When evaluating Highland Funds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Highland Funds preferred stock have on its future price. Highland Funds 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 Funds autocorrelation shows the relationship between Highland Funds preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Highland Funds I.
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 Preferred Stock
Highland Funds financial ratios help investors to determine whether Highland Preferred Stock 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 Funds security.