Highland Opportunities andome Fund (Highland Opportunities andome Fund) GF Value Rank : 9 (As of Jun. 05, 2024)

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What is Highland Opportunities andome Fund GF Value Rank?

Highland Opportunities andome Fund has the GF Value Rank of 9.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Highland Opportunities andome Fund's GF Value Rank

For the Asset Management subindustry, Highland Opportunities andome Fund's GF Value Rank, along with its competitors' market caps and GF Value Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Highland Opportunities andome Fund's GF Value Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Highland Opportunities andome Fund's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Highland Opportunities andome Fund's GF Value Rank falls into.

Highland Opportunities andome Fund GF Value Rank Related Terms

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Highland Opportunities andome Fund (Highland Opportunities andome Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Highland Opportunities and Income Fund (NYSE:HFRO) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

HFROpA.PFD:USA

Address

300 Crescent Court, Suite 700, Dallas, TX, USA, 75201

Website

https://www.nexpointassetmgmt.com

Highland Opportunities and Income Fund is a non-diversified, closed-end management investment company. Its investment objective is to provide a high level of current income, consistent with the preservation of capital. The company's portfolio of investments includes different industry investments such as financial, chemicals, energy, healthcare, industrial, manufacturing, and others.

Executives

Robert J Froehlich	director	405 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10022
Dorri Mcwhorter	director	6431 OAKTON STREET, C/O LIFEWAY FOODS, INC., MORTON GROVE IL 60053
Pamela B Corrie	director	100 PIER 1 PLACE, FORT WORTH TX 76102
Stephanie Vitiello	officer: Chief Compliance Officer	NEXPOINT DIVERSIFIED REAL ESTATE TRUST, 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Brian Mitts	officer: PEO, PFO & Assistant Treasurer	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Dustin David Norris	director, officer: Secretary	2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201
James Bradley Ross	officer: See Remarks	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Bryan A Ward	director	3625 ROSEDALE, DALLAS TX 75205
Robert Jason Post	officer: Chief Compliance Officer	2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201
Clifford Stoops	officer: Assistant Treasurer	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Frank George Waterhouse	officer: See Remarks	2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201
Ethan Powell	director	2515 MCKINNEY AVENUE, SUITE 1100, DALLAS TX 75201
John Honis	director	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
Timothy K Hui	director	48 WILLOW GREEN DRIVE, CHURCHVILLE PA 18966
Parker Lee Blackwell Iii	officer: Executive Vice President	300 CRESCENT COURT, SUITE 700, DALLAS TX 75201