Highland Longshort Healthcare Fund Manager Performance Evaluation

HHCCX Fund  USD 14.26  0.03  0.21%   
The fund retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Highland Long/short's returns are expected to increase less than the market. However, during the bear market, the loss of holding Highland Long/short is expected to be smaller as well.

Risk-Adjusted Performance

12 of 100

 
Weak
 
Strong
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Highland Longshort Healthcare are ranked lower than 12 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong fundamental indicators, Highland Long/short is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
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Expense Ratio Date31st of October 2022
Expense Ratio3.3800
  

Highland Long/short Relative Risk vs. Return Landscape

If you would invest  1,397  in Highland Longshort Healthcare on September 5, 2024 and sell it today you would earn a total of  29.00  from holding Highland Longshort Healthcare or generate 2.08% return on investment over 90 days. Highland Longshort Healthcare is currently producing 0.0323% returns and takes up 0.2068% volatility of returns over 90 trading days. Put another way, 1% of traded mutual funds are less volatile than Highland, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Expected Return   
       Risk  
Assuming the 90 days horizon Highland Long/short is expected to generate 4.89 times less return on investment than the market. But when comparing it to its historical volatility, the company is 3.6 times less risky than the market. It trades about 0.16 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.21 of returns per unit of risk over similar time horizon.

Highland Long/short Current Valuation

Fairly Valued
Today
14.26
Please note that Highland Long/short's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Highland Long/short retains a regular Real Value of $14.23 per share. The prevalent price of the fund is $14.26. We determine the value of Highland Long/short from evaluating fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we encourage acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will come together.
Since Highland Long/short is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Highland Mutual Fund. However, Highland Long/short's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
Historical Market  14.26 Real  14.23 Hype  14.26 Naive  14.31
The intrinsic value of Highland Long/short's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Highland Long/short's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
14.23
Real Value
14.44
Upside
Estimating the potential upside or downside of Highland Longshort Healthcare helps investors to forecast how Highland mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Highland Long/short more accurately as focusing exclusively on Highland Long/short's fundamentals will not take into account other important factors:
Bollinger
Band Projection (param)
LowerMiddle BandUpper
14.2414.2714.30
Details
Hype
Prediction
LowEstimatedHigh
14.0514.2614.47
Details
Naive
Forecast
LowNext ValueHigh
14.1014.3114.51
Details

Highland Long/short Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Highland Long/short's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Highland Longshort Healthcare, and traders can use it to determine the average amount a Highland Long/short's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.1563

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Negative ReturnsHHCCX

Estimated Market Risk

 0.21
  actual daily
1
99% of assets are more volatile

Expected Return

 0.03
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.16
  actual daily
12
88% of assets perform better
Based on monthly moving average Highland Long/short is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Highland Long/short by adding it to a well-diversified portfolio.

Highland Long/short Fundamentals Growth

Highland Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Highland Long/short, and Highland Long/short fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Highland Mutual Fund performance.

About Highland Long/short Performance

Evaluating Highland Long/short's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Highland Long/short has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Highland Long/short has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund seeks to achieve its investment objective by primarily investing in equity, debt, andor derivative securities of companies that the Adviser expects to benefit from an event catalyst. It may invest significantly in the common stock of and other interests in special purpose acquisition companies or similar special purpose entities that pool funds to seek potential acquisition opportunities . The fund may invest in SPACs for a variety of investment purposes, including to achieve income. It is non-diversified.

Things to note about Highland Long/short performance evaluation

Checking the ongoing alerts about Highland Long/short for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Highland Long/short help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
The fund retains all of its assets under management (AUM) in equities
Evaluating Highland Long/short's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Highland Long/short's mutual fund performance include:
  • Analyzing Highland Long/short's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Highland Long/short's stock is overvalued or undervalued compared to its peers.
  • Examining Highland Long/short's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Highland Long/short's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Highland Long/short's management team can help you assess the Mutual Fund's leadership.
  • Pay attention to analyst opinions and ratings of Highland Long/short's mutual fund. These opinions can provide insight into Highland Long/short's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Highland Long/short's mutual fund performance is not an exact science, and many factors can impact Highland Long/short's mutual fund market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.

Other Information on Investing in Highland Mutual Fund

Highland Long/short 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 Long/short security.
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