Highland Floating Rate Fund Price on September 16, 2024
| HFRO Fund | USD 5.88 0.07 1.20% |
If you're considering investing in Highland Fund, it is important to understand the factors that can impact its price. As of today, the current price of Highland Floating stands at 5.88, as last reported on the 29th of November, with the highest price reaching 5.90 and the lowest price hitting 5.83 during the day. As of now, Highland Fund is somewhat reliable. Highland Floating Rate holds Efficiency (Sharpe) Ratio of 0.0267, which attests that the entity had a 0.0267% return per unit of risk over the last 3 months. We have found thirty technical indicators for Highland Floating Rate, which you can use to evaluate the volatility of the entity. Please check out Highland Floating's Market Risk Adjusted Performance of 0.1509, downside deviation of 1.14, and Risk Adjusted Performance of 0.0255 to validate if the risk estimate we provide is consistent with the expected return of 0.0415%.
Highland Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Highland |
Sharpe Ratio = 0.0267
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| Negative Returns | HFRO |
Estimated Market Risk
| 1.55 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Highland Floating is performing at about 2% 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 Floating by adding it to a well-diversified portfolio.
Highland Floating Valuation on September 16, 2024
It is possible to determine the worth of Highland Floating on a given historical date. On September 16, 2024 Highland was worth 6.13 at the beginning of the trading date compared to the closed value of 6.13. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Highland Floating fund. Still, in general, we apply an absolute valuation method to find Highland Floating's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Highland Floating where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Highland Floating's related companies.
| Open | High | Low | Close | Volume | |
| 5.98 | 6.14 | 5.98 | 6.14 | 177,317 | |
09/16/2024 | 6.13 | 6.14 | 6.08 | 6.13 | 152,006 |
| 6.12 | 6.16 | 6.08 | 6.12 | 184,173 |
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Highland Floating Trading Date Momentum on September 16, 2024
| On September 17 2024 Highland Floating Rate was traded for 6.12 at the closing time. The top price for the day was 6.16 and the lowest listed price was 6.08 . The trading volume for the day was 184.2 K. The trading history from September 17, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.16% . The trading delta at closing time against the current closing price is 1.14% . |
Highland Floating Rate Fundamentals Correlations and Trends
By evaluating Highland Floating's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Highland Floating's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Highland financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Highland Floating Fund history
Highland Floating investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Highland is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Highland Floating Rate will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Highland Floating stock prices may prove useful in developing a viable investing in Highland Floating
Highland Funds I - Highland Floating Rate Opportunities Fund is a close-ended fixed income mutual fund launched by Highland Capital Management, L.P. Highland Funds I - Highland Floating Rate Opportunities Fund was formed on January 13, 2000 and is domiciled in the United States. Highland Floating operates under Asset Management classification in the United States and is traded on New York Stock Exchange.
Highland Floating Fund Technical Analysis
Highland Floating technical fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Highland Floating Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Highland Floating Rate cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Highland Floating November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Highland Floating fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Highland Floating shares will generate the highest return on investment. By undertsting and applying Highland Floating fund market strength indicators, traders can identify Highland Floating Rate entry and exit signals to maximize returns
Highland Floating Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Highland Floating's price direction in advance. Along with the technical and fundamental analysis of Highland Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Highland to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0255 | |||
| Jensen Alpha | 0.0057 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.1409 |
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| Volume Indicators |
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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