HGLB (Highland Global Allocation Fund) Momentum Rank: 4 (As of Sep. 14, 2026) — 33% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HGLB Highland Global Allocation Fund HGLB
44 GF Score
Price $7.31
GF Value $4.06
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Highland Global Allocation Fund Momentum Rank?

Highland Global Allocation Fund HGLB +0.69% 44 Momentum Rank is 4 as of Sep. 14, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates HGLB with a GF Score™ of 44/100 and a GF Value™ of $4.06 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Highland Global Allocation Fund has the Momentum Rank of 4.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

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

Highland Global Allocation Fund Momentum Rank Related Terms

HGLB vs RVII, MPV, FLC: Momentum Rank Comparison

For the Asset Management subindustry, Highland Global Allocation Fund's Momentum Rank, along with its competitors' market caps and Momentum 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 Global Allocation Fund Momentum Rank vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Highland Global Allocation Fund's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Highland Global Allocation Fund's Momentum Rank falls into.


HGLB
44GF Score
Highland Global Allocation Fund HGLB
Momentum Rank is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis
Frequently Asked Questions Learn more about Momentum Rank →
What does a Momentum Rank of 4 mean?
Highland Global Allocation Fund (HGLB) has a Momentum Rank of 4 as of Sep. 14, 2026. Momentum Rank is determined using the standardized momentum ratio, measuring the speed and velocity of price changes in a stock. View historical data on Highland Global Allocation Fund and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Highland Global Allocation Fund's Momentum Rank has ranged from 1.00 to 10.00.
Is Highland Global Allocation Fund's Momentum Rank too high?
Highland Global Allocation Fund's current Momentum Rank of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 10.00. Overall, Highland Global Allocation Fund has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Highland Global Allocation Fund's Momentum Rank compare to RVII and MPV?
Highland Global Allocation Fund's Momentum Rank of 4 can be compared against companies in the Asset Management industry. Historically, Highland Global Allocation Fund's own Momentum Rank has ranged from 1.00 to 10.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Momentum Rank for an Asset Management company?
A good Momentum Rank depends on the Asset Management industry context. However, Momentum Rank should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Momentum Rank mean?
A high Momentum Rank can signal that a stock is expensive relative to its fundamentals. Momentum Rank is determined using the standardized momentum ratio, measuring the speed and velocity of price changes in a stock. View historical data on Highland Global Allocation Fund and its competitors. Highland Global Allocation Fund's current Momentum Rank is 4, which is 33% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highland Global Allocation Fund stock overvalued right now?
Based on GuruFocus' analysis, Highland Global Allocation Fund (HGLB) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.06, compared to a current price of $7.31 — trading 80% above its estimated fair value. The current Momentum Rank is 4, which is 33% below median its 10-year median of 6.00. Highland Global Allocation Fund's overall GF Score™ is 44/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Momentum Rank calculated?
Momentum Rank is calculated from a company's financial statements. For Highland Global Allocation Fund (HGLB), the current Momentum Rank is 4 as of Sep. 14, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Highland Global Allocation Fund (HGLB) Overvalued in 2026?

Based on GuruFocus' analysis, Highland Global Allocation Fund stock appears to be overvalued. The current stock price of $7.31 is trading 80% above its estimated GF Value™ of $4.06. GuruFocus considers Highland Global Allocation Fund to be Significantly Overvalued.

Key valuation signals for HGLB:

  • Momentum Rank: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: $4.06 vs. price of $7.31 (80% above fair value)
  • GF Score™: 44/100 with 2 warning signs

No single metric tells the full story. See the HGLB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Highland Global Allocation Fund Business Description

Address 300 Crescent Court, Suite 700, Dallas, TX, USA, 75201
Highland Global Allocation Fund is a diversified, closed-end management investment company. The investment objective of the Fund is to seek long-term growth of capital and future income. The Fund seeks to achieve its investment objectives by investing in a portfolio of U.S. and foreign equity, debt, and money market securities. It may also invest in senior loans to domestic or foreign corporations, partnerships, and other entities that operate in a variety of industries and geographic regions.
44GF Score

Get the complete analysis for HGLB

Momentum Rank is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$7.31
Price
$4.06
GF Value