Horizon Active Competition

Mutual Funds . USA . 
Fund . Horizon Active Income
AIHAX Fund  USD 8.15  0.01  0.12%   
Horizon Active Income competes with BlackRock Income, Lmp Capital, RiverNorth Managed, MFS Charter, and Abrdn Emerging; as well as few others. The fund is listed under Intermediate Core-Plus Bond category and is part of Horizon Investments family. Analyzing Horizon Active competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Horizon Active to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Horizon Active Correlation with its peers.

Horizon Active vs Putnam Managed Correlation

Poor diversification

The correlation between Horizon Active Income and PMM is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Horizon Active Income and PMM in the same portfolio, assuming nothing else is changed.

Moving together with Horizon Mutual Fund

  0.74ARANX Horizon Active RiskPairCorr
  0.75ARAAX Horizon Active RiskPairCorr
  0.73AAANX Horizon Active AssetPairCorr
  0.68HNDDX Horizon Active DividendPairCorr
  0.75HNDRX Horizon Defined RiskPairCorr
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
8.008.168.32
Details
Intrinsic
Valuation
LowRealHigh
7.998.158.31
Details
Naive
Forecast
LowNextHigh
7.998.158.31
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.148.168.18
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Horizon Active. Your research has to be compared to or analyzed against Horizon Active's peers to derive any actionable benefits. When done correctly, Horizon Active's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Horizon Active Income.

Horizon Active Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Horizon Active and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Horizon and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Horizon Active Income does not affect the price movement of the other competitor.

Risk-Adjusted Indicators

There is a big difference between Horizon Mutual Fund performing well and Horizon Active 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 Horizon Active'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BKT  0.26  0.02 (0.09) 0.34  0.27 
(0.32)
 0.65 
(0.56)
 1.66 
SCD  0.62  0.10  0.10  0.20  0.61 
(0.68)
 1.26 
(1.18)
 2.95 
RMM  0.42  0.05  0.01  0.57  0.39 
(0.49)
 0.88 
(0.71)
 2.89 
MCR  0.29  0.00 (0.11) 0.04  0.32 
(0.32)
 0.64 
(0.48)
 1.76 
AEF  0.88  0.25  0.21  0.71  0.74 
(1.02)
 2.03 
(1.64)
 4.26 
BYM  0.30  0.03 (0.06)(6.05) 0.27 
(0.40)
 0.74 
(0.55)
 2.02 
NCZ  0.71  0.05  0.03  0.12  0.73 
(0.81)
 1.28 
(1.42)
 4.66 
MMT  0.32  0.03 (0.04) 0.26  0.29 
(0.38)
 0.66 
(0.65)
 1.74 
OIA  0.44  0.08  0.04  1.11  0.41 
(0.53)
 0.84 
(0.68)
 3.84 
PMM  0.47  0.07  0.03  0.99  0.41 
(0.60)
 1.14 
(0.97)
 3.57 

Horizon Active Competitive Analysis

The better you understand Horizon Active competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Horizon Active's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Horizon Active's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
AIHAX BKT SCD RMM MCR AEF BYM NCZ MMT OIA
 0.12 
 8.15 
Horizon
 0.45 
 11.15 
BlackRock
 0.77 
 15.68 
Lmp
 0.84 
 14.43 
RiverNorth
 0.32 
 6.27 
MFS
 0.63 
 7.95 
Abrdn
 0.27 
 11.12 
BlackRock
 0.48 
 14.43 
Allianzgi
 0.43 
 4.72 
MFS
 0.16 
 6.20 
Invesco
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Not too volatile
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Mild
Mild
Good
Fair
Soft
Solid
Fair
Fair
Fair
Fair
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Small
Low
Average
Low
Low
Strong
Low
Low
High
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Under Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Strong Buy
Not Available
Not Available
Strong Buy
Trade Advice
(90 Days Macroaxis Advice)
Cautious Hold
Cautious Hold
Buy
Strong Hold
Hold
Strong Buy
Strong Sell
Strong Hold
Hold
Hold
Current Ratio
N/A
0.03
0.03
N/A
0.11
0.05
0.15
1.09
0.14
4.06
Net Asset
281.22 M
N/A
N/A
480.49 M
379.06 M
351.44 M
497.51 M
N/A
379.56 M
433.94 M
Profit Margin
N/A
N/A
178.66
N/A
0.79
2.45
-0.72
-128.9
1.0
-0.65
EBITDA
N/A
N/A
N/A
(12.86 M)
22.72 M
32.12 M
20.67 M
N/A
27.34 M
17.41 M
Price To Book
N/A
2.04
0.98
0.97
0.93
0.7
0.98
0.62
0.93
1.06
Operating Margin
N/A
78.36
73.34
N/A
0.9
0.3
0.85
72.65
0.87
0.89
Current Valuation
N/A
390.28 M
268.26 M
N/A
355.84 M
297.3 M
429.26 M
490.64 M
353.21 M
405.56 M
Five Year Return
-1.12
-1.49
13.61
N/A
8.82
N/A
4.77
3.05
8.78
4.62
Retained Earnings
N/A
N/A
N/A
(36.8 M)
(48.65 M)
(80.22 M)
(54.42 M)
(585.32 M)
(40.39 M)
(37.71 M)
One Year Return
4.95
6.63
3.6
N/A
N/A
N/A
N/A
24.15
N/A
N/A
Beta
N/A
0.3
1.64
N/A
0.71
0.97
0.81
1.21
0.59
0.88
Cash Position Weight
20.19
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Number Of Employees
1
22
15
8
31
19
N/A
13
33
N/A
Shares Outstanding
N/A
63.84 M
17.92 M
19.74 M
41.69 M
40.6 M
25.9 M
76.12 M
54.92 M
47.68 M
Three Year Return
2.89
3.25
15.35
N/A
N/A
N/A
N/A
15.09
N/A
N/A
Cash Flow From Operations
N/A
13.55 M
22.53 M
36.89 M
11.85 M
15.16 M
10.66 M
63.46 M
11.24 M
37.46 M
Annual Yield
0.0383
0.0276
0.005
0.0748
0.0859
0.12
0.0599
0.0075
0.0856
0.0562
Total Debt
N/A
131.44 M
61 M
186.7 M
95 M
48.99 M
201.11 M
N/A
95 M
124.27 M
Return On Equity
N/A
-13.52
7.89
-16.66
0.0618
0.0653
-0.0532
15.74
0.0791
-0.0489
Bond Positions Weight
4.44
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Return On Asset
N/A
1.2
1.66
N/A
0.033
0.0078
0.0251
1.87
0.0317
0.0288
Number Of Shares Shorted
N/A
31.48 K
8.25 K
26.18 K
10.54 K
65.18 K
27.28 K
148.25 K
26.02 K
55.05 K
Book Value Per Share
N/A
6.18
13.12
N/A
6.75
5.96
11.39
4.87
5.08
5.84
Total Asset
190 K
N/A
N/A
480.49 M
379.06 M
351.44 M
497.51 M
551.78 M
379.56 M
433.94 M
Last Dividend Paid
0.04
1.06
1.04
N/A
0.54
0.39
0.66
0.45
0.4
0.35
Debt To Equity
N/A
0.42
0.22
N/A
0.31
0.17
0.64
17.6
0.31
0.3
Short Ratio
N/A
0.41
0.23
0.4
0.1
0.2
0.25
0.26
0.25
0.31
Target Price
N/A
N/A
N/A
N/A
3.67
N/A
N/A
N/A
N/A
N/A
Shares Owned By Institutions
N/A
35.5
32.73
14.68
40.21
61.41
33.83
27.57
25.08
15.57
Market Capitalization
N/A
316.66 M
248.4 M
282.47 M
260.97 M
206.66 M
288.04 M
309.79 M
258.25 M
296.07 M
Price To Earning
N/A
42.71
10.32
7.85
10.73
4.86
25.06
8.89
16.58
158.1
Price To Sales
N/A
55.32
18.92
13.49
11.68
25.66
12.52
10.48
11.72
13.27
Net Income
N/A
(46.82 M)
21.8 M
(12.86 M)
17.56 M
19.74 M
(16.58 M)
(34.6 M)
22.13 M
17.41 M
Earnings Per Share
N/A
0.29
-1.24
-0.65
0.42
0.39
-0.64
0.34
0.41
-0.31
Shares Owned By Insiders
N/A
0.01
N/A
0.02
N/A
N/A
N/A
0.01
N/A
N/A
Year To Date Return
0.25
0.51
3.68
N/A
N/A
N/A
N/A
4.51
N/A
N/A
Revenue
N/A
14.54 M
12.2 M
(5.14 M)
19.67 M
20.73 M
23.01 M
22.02 M
23.48 M
22.67 M
Cash And Equivalents
N/A
225.19 K
611.97 K
N/A
251.96 K
1.81 M
7.34 K
100 K
863.49 K
873.44 K
Cash Per Share
N/A
0.01
0.04
N/A
0.01
0.04
N/A
N/A
0.01
0.02
Gross Profit
N/A
18.59 M
13.82 M
N/A
22.34 M
8.05 M
23.01 M
21.8 M
22.04 M
22.31 M
Day Typical Price
8.15
11.12
15.65
14.4
6.26
7.94
11.13
14.42
4.72
6.23
Accumulation Distribution
N/A
0.0081
609.15
1336.19
482.48
3671.07
0.0072
2243.96
0.0063
1869.62
Market Facilitation Index
N/A
0.09
0.0
0.0
0.0
0.0
0.08
0.0
0.03
0.0
Daily Balance Of Power
0
0.5556
0.8571
0.6
0.5
0.3333
(0.38)
(0.19)
0.6667
(0.10)
Period Momentum Indicator
(0.01)
0.05
0.12
0.12
0.02
0.05
(0.03)
(0.07)
0.02
(0.01)
Rate Of Daily Change
1.0
1.0
1.01
1.01
1.0
1.01
1.0
1.0
1.0
1.0
Day Median Price
8.15
11.11
15.63
14.39
6.26
7.94
11.13
14.42
4.72
6.25
Price Action Indicator
(0.01)
0.07
0.11
0.1
0.02
0.04
(0.03)
(0.03)
0.015
(0.06)
Relative Strength Index
51.1
62.66
66.48
68.31
53.88
69.08
62.86
58.44
60.04
60.69
Coefficient Of Variation
116723.43
1144.93
527.46
796.79
1933.42
386.52
988.67
1010.84
842.36
646.67
Mean Deviation
0.1379
0.264
0.6177
0.4232
0.2878
0.8827
0.3035
0.7105
0.3173
0.4409
Jensen Alpha
(0.01)
0.0175
0.0967
0.0531
(0)
0.2509
0.0311
0.0453
0.029
0.0758
Total Risk Alpha
(0.02)
(0.01)
0.0775
0.0182
(0.02)
0.191
9.0E-4
0.013
0.0075
0.0367
Sortino Ratio
(0.30)
(0.09)
0.0951
0.0084
(0.11)
0.2149
(0.06)
0.0315
(0.04)
0.0437
Downside Variance
0.0453
0.1546
0.693
0.255
0.1774
1.02
0.1713
0.7466
0.2153
0.3339
Standard Deviation
0.174
0.3528
0.7578
0.5478
0.3688
1.09
0.4039
0.9275
0.393
0.5803
Kurtosis
(0.57)
0.2542
(0.38)
0.8612
0.0756
(0.66)
0.4635
1.04
(0.38)
2.28
Potential Upside
0.2469
0.6452
1.26
0.8824
0.641
2.03
0.7421
1.28
0.655
0.8375
Treynor Ratio
0.6397
0.339
0.197
0.572
0.0382
0.709
(6.05)
0.1223
0.2607
1.11
Maximum Drawdown
0.7394
1.66
2.95
2.89
1.76
4.26
2.02
4.66
1.74
3.84
Variance
0.0303
0.1244
0.5742
0.3
0.136
1.19
0.1631
0.8602
0.1545
0.3367
Market Risk Adjusted Performance
0.6497
0.349
0.207
0.582
0.0482
0.719
(6.04)
0.1323
0.2707
1.12
Risk Adjusted Performance
(0.03)
0.0534
0.1397
0.0889
0.0281
0.1935
0.0662
0.0748
0.0786
0.1111
Skewness
(0.20)
(0.18)
(0.44)
0.502
0.1075
0.0202
0.0395
0.1437
(0.16)
0.1257
Semi Deviation
0.1629
0.2726
0.6103
0.3856
0.317
0.7367
0.2716
0.7344
0.2895
0.4102
Information Ratio
(0.37)
(0.1)
0.1045
0.0077
(0.12)
0.1995
(0.06)
0.0294
(0.05)
0.0435
Value At Risk
(0.25)
(0.56)
(1.18)
(0.71)
(0.48)
(1.64)
(0.55)
(1.42)
(0.65)
(0.68)
Expected Short fall
(0.18)
(0.32)
(0.68)
(0.49)
(0.32)
(1.02)
(0.40)
(0.81)
(0.38)
(0.53)
Downside Deviation
0.2128
0.3931
0.8325
0.505
0.4212
1.01
0.4139
0.8641
0.464
0.5778
Semi Variance
0.0265
0.0743
0.3725
0.1487
0.1005
0.5427
0.0738
0.5394
0.0838
0.1683

Horizon Active Competition Performance Charts

Five steps to successful analysis of Horizon Active Competition

Horizon Active's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Horizon Active Income in relation to its competition. Horizon Active's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Horizon Active in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Horizon Active's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Horizon Active Income, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Horizon Active position

In addition to having Horizon Active in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Office Supplies
Office Supplies Theme
Companies producing and selling office supplies, and accessories. The Office Supplies theme has 46 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Office Supplies Theme or any other thematic opportunities.
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Other Information on Investing in Horizon Mutual Fund

Horizon Active financial ratios help investors to determine whether Horizon Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Horizon with respect to the benefits of owning Horizon Active security.
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