Highland Longshort Price To Book vs. Net Asset
Based on Highland Longshort's profitability indicators, Highland Longshort Healthcare may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Highland Longshort's ability to earn profits and add value for shareholders.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Please note, there is a significant difference between Highland Longshort's value and its price as these two are different measures arrived at by different means. Investors typically determine if Highland Longshort is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Highland Longshort'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.
For Highland Longshort profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Highland Longshort to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Highland Longshort Healthcare utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Highland Longshort's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Highland Longshort Healthcare over time as well as its relative position and ranking within its peers.
Highland |
Highland Longshort Net Asset vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Highland Longshort's current stock value. Our valuation model uses many indicators to compare Highland Longshort value to that of its competitors to determine the firm's financial worth. Highland Longshort Healthcare is one of the top funds in price to book among similar funds. It also is one of the top funds in net asset among similar funds making up about 11,528,455 of Net Asset per Price To Book. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Highland Longshort's earnings, one of the primary drivers of an investment's value.Highland Net Asset vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Highland Longshort |
| = | 2.46 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Highland Longshort |
| = | 28.36 M |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Highland Net Asset Comparison
Highland Longshort is currently under evaluation in net asset among similar funds.
Highland Longshort Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Highland Longshort, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Highland Longshort will eventually generate negative long term returns. The profitability progress is the general direction of Highland Longshort's change in net profit over the period of time. It can combine multiple indicators of Highland Longshort, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund seeks to primarily invest in equity, debt, andor derivative securities of companies that the Adviser expects to benefit from an event catalyst. Highland LongShort is traded on NASDAQ Exchange in the United States.
Highland Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Highland Longshort. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Highland Longshort position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Highland Longshort's important profitability drivers and their relationship over time.
Use Highland Longshort in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Highland Longshort position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Highland Longshort will appreciate offsetting losses from the drop in the long position's value.Highland Longshort Pair Trading
Highland Longshort Healthcare Pair Trading Analysis
The ability to find closely correlated positions to Highland Longshort could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Highland Longshort when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Highland Longshort - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Highland Longshort Healthcare to buy it.
The correlation of Highland Longshort is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Highland Longshort moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Highland Longshort moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Highland Longshort can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Highland Longshort position
In addition to having Highland Longshort in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Consumer Goods Thematic Idea Now
Consumer Goods
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Consumer Goods theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Consumer Goods Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Highland Mutual Fund
To fully project Highland Longshort's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Highland Longshort at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Highland Longshort's income statement, its balance sheet, and the statement of cash flows.
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins |