Highland Floating Total Risk Alpha
| HLFZX Fund | | | 9.10 -0.13 -1.41% |
This technical indicator view for Total Risk Alpha organizes signals for Highland Floating Rate and comparable instruments. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Review
Risk vs Return Analysis to understand diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. This includes a position in Highland Floating Rate within the portfolio mix. 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 nation.
Highland Floating Rate has current Total Risk Alpha of 0.0682. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.0682 | |
| ER[a] | = | Expected return on investing in Highland Floating |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Highland Floating |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Highland Floating Total Risk Alpha Peers Comparison
Highland Total Risk Alpha Relative To Other Indicators
Highland Floating Rate is rated
fifth in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
61.43 of Maximum Drawdown per Total Risk Alpha. At
61.43 , Highland Floating Rate's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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