Highland Floating Rate Fund Manager Performance Evaluation
| HLFZX Fund | 8.31 0.04 0.48% |
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 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.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days Highland Floating Rate has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Highland Floating 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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Highland Floating Relative Risk vs. Return Landscape
If you would invest 841.00 in Highland Floating Rate on September 13, 2024 and sell it today you would lose (10.00) from holding Highland Floating Rate or give up 1.19% of portfolio value over 90 days. Highland Floating Rate is currently producing negative expected returns and takes up 0.4366% volatility of returns over 90 trading days. Put another way, 3% 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 |
Highland Floating Current Valuation
Fairly Valued
Today
Please note that Highland Floating's price fluctuation is very steady at this time. Based on Macroaxis valuation methodology, the entity is fairly valued. Highland Floating Rate retains a regular Real Value of USD8.36 per share. The prevalent price of the fund is USD8.31. Our model calculates the value of Highland Floating Rate from evaluating the entity technical indicators and probability of bankruptcy. In general, investors 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 Floating is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Highland Mutual Fund. However, Highland Floating'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 8.31 | Real 8.36 | Hype 8.35 | Naive 8.49 |
The intrinsic value of Highland Floating'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 Floating'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.
Estimating the potential upside or downside of Highland Floating Rate 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 Floating more accurately as focusing exclusively on Highland Floating's fundamentals will not take into account other important factors: Highland Floating Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Highland Floating's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Highland Floating Rate, and traders can use it to determine the average amount a Highland Floating'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 = -0.0413
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | HLFZX |
Estimated Market Risk
| 0.44 actual daily | 3 97% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Highland Floating is not performing at its full potential. However, 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 Highland Floating to a well-diversified portfolio.
Highland Floating Fundamentals Growth
Highland Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Highland Floating, and Highland Floating 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 Floating Performance
Evaluating Highland Floating's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Highland Floating 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 Floating 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 invests primarily in companies that are based in frontier emerging markets, including the smaller traditionally-recognized emerging markets. It invests at least 80 percent of its net assets in frontier emerging market securities, and investment companies that invest in the types of securities in which the Portfolio would normally invest. The fund invests at least 65 percent of its total assets in common stocks, preferred stocks, rights, and warrants issued by companies. It also may invest in securities of U.S. companies.Things to note about Highland Floating Rate performance evaluation
Checking the ongoing alerts about Highland Floating for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Highland Floating Rate help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Highland Floating generated a negative expected return over the last 90 days | |
| The fund retains all of the assets under management (AUM) in different types of exotic instruments |
- Analyzing Highland Floating'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 Floating's stock is overvalued or undervalued compared to its peers.
- Examining Highland Floating'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 Floating's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Highland Floating's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Highland Floating's mutual fund. These opinions can provide insight into Highland Floating's potential for growth and whether the stock is currently undervalued or overvalued.
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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| Fundamental Analysis View fundamental data based on most recent published financial statements |