Highland Small Cap Equity Fund Market Value

HSZAX Fund  USD 5.97  0.03  0.50%   
Highland Small-cap's market value is the price at which a share of Highland Small-cap trades on a public exchange. It measures the collective expectations of Highland Small Cap Equity investors about its performance. Highland Small-cap is trading at 5.97 as of the 4th of December 2024; that is 0.5% down since the beginning of the trading day. The fund's open price was 6.0.
With this module, you can estimate the performance of a buy and hold strategy of Highland Small Cap Equity and determine expected loss or profit from investing in Highland Small-cap over a given investment horizon. Check out Highland Small-cap Correlation, Highland Small-cap Volatility and Highland Small-cap Alpha and Beta module to complement your research on Highland Small-cap.
Symbol

Please note, there is a significant difference between Highland Small-cap's value and its price as these two are different measures arrived at by different means. Investors typically determine if Highland Small-cap is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Highland Small-cap's 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 Small-cap '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 Small-cap's mutual 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 Small-cap.
0.00
12/15/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/04/2024
0.00
If you would invest  0.00  in Highland Small-cap on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding Highland Small Cap Equity or generate 0.0% return on investment in Highland Small-cap over 720 days. Highland Small-cap is related to or competes with Highland Long/short, Highland Long/short, Highland Long/short, Highland Merger, Highland Merger, Highland Merger, and Highland Small-cap. The fund seeks to achieve its investment objective by investing at least 80 percent of its net assets under normal circu... More

Highland Small-cap 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 Small-cap's mutual 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 Small Cap Equity upside and downside potential and time the market with a certain degree of confidence.

Highland Small-cap Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Highland Small-cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Highland Small-cap's standard deviation. In reality, there are many statistical measures that can use Highland Small-cap historical prices to predict the future Highland Small-cap's volatility.
Hype
Prediction
LowEstimatedHigh
5.055.976.89
Details
Intrinsic
Valuation
LowRealHigh
4.975.896.81
Details
Naive
Forecast
LowNextHigh
5.126.046.96
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5.855.936.01
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Highland Small-cap. Your research has to be compared to or analyzed against Highland Small-cap's peers to derive any actionable benefits. When done correctly, Highland Small-cap's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Highland Small Cap.

Highland Small Cap Backtested Returns

At this stage we consider Highland Mutual Fund to be not too volatile. Highland Small Cap holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Highland Small Cap, which you can use to evaluate the volatility of the entity. Please check out Highland Small-cap's Risk Adjusted Performance of 0.0996, downside deviation of 0.774, and Market Risk Adjusted Performance of 0.2097 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. The fund retains a Market Volatility (i.e., Beta) of 0.57, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Highland Small-cap's returns are expected to increase less than the market. However, during the bear market, the loss of holding Highland Small-cap is expected to be smaller as well.

Auto-correlation

    
  -0.42  

Modest reverse predictability

Highland Small Cap Equity has modest reverse predictability. Overlapping area represents the amount of predictability between Highland Small-cap time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 Small Cap price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Highland Small-cap price fluctuation can be explain by its past prices.
Correlation Coefficient-0.42
Spearman Rank Test-0.34
Residual Average0.0
Price Variance0.03

Highland Small Cap lagged returns against current returns

Autocorrelation, which is Highland Small-cap mutual 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 Small-cap's mutual fund expected returns. We can calculate the autocorrelation of Highland Small-cap returns to help us make a trade decision. For example, suppose you find that Highland Small-cap has exhibited high autocorrelation historically, and you observe that the mutual 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 Small-cap 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 Small-cap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Highland Small-cap mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Highland Small-cap mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Highland Small-cap Lagged Returns

When evaluating Highland Small-cap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Highland Small-cap mutual fund have on its future price. Highland Small-cap 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 Small-cap autocorrelation shows the relationship between Highland Small-cap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Highland Small Cap Equity.
   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 Mutual Fund

Highland Small-cap financial ratios help investors to determine whether Highland Mutual 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 Small-cap security.
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Portfolio Dashboard
Portfolio dashboard that provides centralized access to all your investments
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories