Highland Merger Correlations
| HMEAX Fund | USD 19.45 0.02 0.10% |
The current 90-days correlation between Highland Merger Arbitrage and Flkypx is -0.02 (i.e., Good diversification). The correlation of Highland Merger 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
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Risk-Adjusted Indicators
There is a big difference between Highland Mutual Fund performing well and Highland Merger Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Highland Merger's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FLKYPX | 0.96 | 0.15 | 0.14 | 0.38 | 0.69 | 2.16 | 12.35 | |||
| FBJYGX | 0.77 | 0.13 | 0.09 | 0.41 | 0.36 | 1.91 | 9.96 | |||
| FDZBPX | 0.56 | 0.06 | (0.03) | 0.34 | 0.58 | 1.20 | 8.93 | |||
| RTIUX | 0.56 | 0.21 | 0.13 | 0.68 | 0.00 | 1.63 | 5.77 | |||
| FABWX | 0.85 | 0.12 | 0.11 | 0.36 | 0.61 | 2.27 | 12.89 | |||
| TMVAX | 0.98 | 0.09 | 0.04 | 0.34 | 0.90 | 2.46 | 9.89 | |||
| FFCGX | 0.71 | 0.13 | 0.10 | 0.38 | 0.36 | 2.06 | 10.64 |