Highland Floating Rate Fund Market Value
HLFZX Fund | 8.91 0.01 0.11% |
Symbol | Highland |
Highland Floating '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 Floating'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 Floating.
04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Highland Floating on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Highland Floating Rate or generate 0.0% return on investment in Highland Floating over 90 days. Highland Floating is related to or competes with Harding Loevner, Harding Loevner, Harding Loevner, Harding Loevner, Harding Loevner, Harding Loevner, and Harding Loevner. The fund invests primarily in companies that are based in frontier emerging markets, including the smaller traditionally... More
Highland Floating 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 Floating'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 Floating Rate upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.4952 | |||
Information Ratio | 0.0851 | |||
Maximum Drawdown | 2.36 | |||
Value At Risk | (0.61) | |||
Potential Upside | 1.02 |
Highland Floating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Highland Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Highland Floating's standard deviation. In reality, there are many statistical measures that can use Highland Floating historical prices to predict the future Highland Floating's volatility.Risk Adjusted Performance | 0.3256 | |||
Jensen Alpha | 0.178 | |||
Total Risk Alpha | 0.1034 | |||
Sortino Ratio | 0.0921 | |||
Treynor Ratio | 6.83 |
Highland Floating Rate Backtested Returns
At this stage we consider Highland Mutual Fund to be very steady. Highland Floating Rate holds Efficiency (Sharpe) Ratio of 0.37, which attests that the entity had a 0.37 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Highland Floating Rate, which you can use to evaluate the volatility of the entity. Please check out Highland Floating's Coefficient Of Variation of 279.86, risk adjusted performance of 0.3256, and Market Risk Adjusted Performance of 6.84 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. The fund retains a Market Volatility (i.e., Beta) of 0.0266, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Highland Floating's returns are expected to increase less than the market. However, during the bear market, the loss of holding Highland Floating is expected to be smaller as well.
Auto-correlation | 0.83 |
Very good predictability
Highland Floating Rate has very good predictability. Overlapping area represents the amount of predictability between Highland Floating time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 2025. 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 Floating Rate price movement. The serial correlation of 0.83 indicates that around 83.0% of current Highland Floating price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.83 | |
Spearman Rank Test | 0.85 | |
Residual Average | 0.0 | |
Price Variance | 0.03 |
Highland Floating Rate lagged returns against current returns
Autocorrelation, which is Highland Floating 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 Floating's mutual fund expected returns. We can calculate the autocorrelation of Highland Floating returns to help us make a trade decision. For example, suppose you find that Highland Floating 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 Floating 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 Floating mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Highland Floating 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 Floating mutual fund over time.
Current vs Lagged Prices |
Timeline |
Highland Floating Lagged Returns
When evaluating Highland Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Highland Floating mutual fund have on its future price. Highland Floating 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 Floating autocorrelation shows the relationship between Highland Floating mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Highland Floating Rate.
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 Floating 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 Floating security.
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