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HHCAX
Mutual Fund ticker: NASDAQ
AS OF
Dec 18 closing price
Price
$15.62
Change
-$0.04 (-0.26%)
Net Assets
64.85M

HHCAX NexPoint Event Driven A Forecast, Technical & Fundamental Analysis

Category Trading
A.I.Advisor
published Highlights

Industry description

The investment seeks long-term capital appreciation. The fund seeks to achieve its investment objective by primarily investing in equity, debt, and/or derivative securities of companies that the Adviser expects to benefit from an event catalyst. It may invest significantly in the common stock of and other interests (e.g., warrants) in special purpose acquisition companies or similar special purpose entities that pool funds to seek potential acquisition opportunities (collectively, “SPACs”). The fund may invest in SPACs for a variety of investment purposes, including to achieve income. It is non-diversified.

Market Cap

The average market capitalization across the NexPoint Event Driven A MF is 7.6B. The market cap for tickers in the group ranges from 927.17M to 13.3B. DOC holds the highest valuation in this group at 13.3B. The lowest valued company is CHS at 927.17M.

Volume

The average weekly volume growth across all stocks in the NexPoint Event Driven A MF was -16%. For the same stocks of the MF, the average monthly volume growth was -30% and the average quarterly volume growth was 306%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 51
P/E Growth Rating: 55
Price Growth Rating: 40
SMR Rating: 83
Profit Risk Rating: 54
Seasonality Score: 61 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Event Driven
Address
NEXPOINT FUNDS I300 CRESCENT COURT, SUITE 700Dallas
Phone
N/A
Web
www.highlandfunds.com
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HHCAX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, HHCAX has been loosely correlated with GADVX. These tickers have moved in lockstep 54% of the time. This A.I.-generated data suggests there is some statistical probability that if HHCAX jumps, then GADVX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To HHCAX
1D Price
Change %
HHCAX100%
-0.06%
GADVX - HHCAX
54%
Loosely correlated
-0.09%
HMEAX - HHCAX
51%
Loosely correlated
N/A
DHLSX - HHCAX
48%
Loosely correlated
-0.25%
DIAMX - HHCAX
46%
Loosely correlated
-0.26%
BILPX - HHCAX
46%
Loosely correlated
-0.20%
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