Horizon Us Competition

USRTX Fund

USD 33.58 0.34 1.00%

Horizon Defensive Equity competes with Simt Tax-managed, Simt Tax-managed, Mairs Power, Matthews Japan, and Hartford International; as well as few others. The fund is listed under Large Blend category and is part of Horizon Investments family. Analyzing Horizon Us 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 Us to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Horizon Us Correlation with its peers.

Horizon Us vs Blackrock Correlation

Almost no diversification

The correlation between Horizon Defensive Equity and MDLVX is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Horizon Defensive Equity and MDLVX in the same portfolio, assuming nothing else is changed.

Moving together with Horizon Mutual Fund

0.93	ARANX	Horizon Active Risk	Pair Corr
0.93	ARAAX	Horizon Active Risk	Pair Corr
0.92	AAANX	Horizon Active Asset	Pair Corr
0.93	HNDDX	Horizon Active Dividend	Pair Corr
0.88	HNDRX	Horizon Defined Risk	Pair Corr

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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Horizon Us' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.

Hype

Prediction

Low	Estimated	High
32.95	33.58	34.21

Details

Intrinsic

Valuation

Low	Real	High
32.72	33.35	33.98

Details

Horizon Us Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Horizon Us 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 Defensive Equity does not affect the price movement of the other competitor.

	TMMAX	STMPX	MAPOX	MJFOX	HDVYX	BUFHX	QUSIX	QUSOX	BCSSX	MDLVX
TMMAX		0.93	0.88	0.69	0.9	0.86	0.83	0.83	-0.92	0.89	TMMAX
STMPX	0.93		0.97	0.8	0.96	0.95	0.9	0.9	-0.89	0.96	STMPX
MAPOX	0.88	0.97		0.86	0.97	0.98	0.95	0.95	-0.85	0.96	MAPOX
MJFOX	0.69	0.8	0.86		0.87	0.89	0.92	0.92	-0.65	0.83	MJFOX
HDVYX	0.9	0.96	0.97	0.87		0.97	0.96	0.96	-0.9	0.98	HDVYX
BUFHX	0.86	0.95	0.98	0.89	0.97		0.97	0.97	-0.81	0.96	BUFHX
QUSIX	0.83	0.9	0.95	0.92	0.96	0.97		1.0	-0.79	0.94	QUSIX
QUSOX	0.83	0.9	0.95	0.92	0.96	0.97	1.0		-0.79	0.94	QUSOX
BCSSX	-0.92	-0.89	-0.85	-0.65	-0.9	-0.81	-0.79	-0.79		-0.9	BCSSX
MDLVX	0.89	0.96	0.96	0.83	0.98	0.96	0.94	0.94	-0.9		MDLVX
	TMMAX	STMPX	MAPOX	MJFOX	HDVYX	BUFHX	QUSIX	QUSOX	BCSSX	MDLVX

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High positive correlations

QUSOX	+ 1.0	QUSIX
BUFHX	+ 0.98	MAPOX
MDLVX	+ 0.98	HDVYX
MAPOX	+ 0.97	STMPX
HDVYX	+ 0.97	MAPOX
BUFHX	+ 0.97	HDVYX

High negative correlations

BCSSX	- 0.92	TMMAX
MDLVX	- 0.9	BCSSX
BCSSX	- 0.9	HDVYX
BCSSX	- 0.89	STMPX
BCSSX	- 0.85	MAPOX
BCSSX	- 0.81	BUFHX

Risk-Adjusted Indicators

There is a big difference between Horizon Mutual Fund performing well and Horizon Us 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 Us' 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TMMAX	1.03	0.56	0.98	14.22	0.00	(1.39)	1.15	(0.69)	32.53
STMPX	0.82	0.12	0.14	0.18	0.64	(0.97)	2.35	(1.57)	5.31
MAPOX	0.38	0.04	0.03	0.14	0.28	(0.43)	0.96	(0.59)	2.16
MJFOX	0.89	0.14	0.13	0.20	0.81	(1.05)	2.25	(1.94)	5.72
HDVYX	0.64	0.16	0.19	0.25	0.41	(0.76)	1.34	(1.09)	6.71
BUFHX	0.08	0.02	(0.28)	0.32	0.00	(0.13)	0.19	(0.10)	0.47
QUSIX	0.53	0.16	0.19	0.58	0.28	(0.64)	1.25	(0.80)	2.67
QUSOX	0.53	0.16	0.19	0.58	0.26	(0.62)	1.24	(0.80)	2.68
BCSSX	2.04	(1.08)	0.00	(0.55)	0.00	0.00	1.88	(3.06)	51.91
MDLVX	0.59	0.19	0.20	1.70	0.32	(0.70)	1.40	(1.01)	4.87

Horizon Us Competitive Analysis

The better you understand Horizon Us competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Horizon Us' 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 Us' competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	USRTX	TMMAX	STMPX	MAPOX	MJFOX	HDVYX	BUFHX	QUSIX	QUSOX	BCSSX
	1.00 33.58 Horizon	0.90 15.75 Simt	1.24 25.37 Simt	0.42 116.75 Mairs	0.55 27.55 Matthews	0.06 16.04 Hartford	0.09 10.62 Buffalo	0.55 19.76 Pear	0.60 19.85 Pear	1.50 21.60 The
Market Volatility (90 Days Market Risk)	Very steady	Somewhat reliable	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady	Somewhat reliable
Market Performance (90 Days Performance)	Good	Good	Solid	Solid	Solid	Solid	High	Solid	Solid	Weakest
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Over Valued	Under Valued	Under Valued	Under Valued	Under Valued	Over Valued	Under Valued	Under Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Cautious Hold	Buy	Strong Hold	Strong Buy	Strong Buy	Strong Sell	Strong Buy	Strong Buy	Hold
Net Asset	758.26 M	603.95 M	996.2 M	945.23 M	740.97 M	730.56 M	666.78 M	696.37 M	696.37 M	494.99 M
Minimum Initial Investment	N/A	100 K	N/A	2.5 K	2.5 K	N/A	N/A	1000 K	N/A	500 K
Price To Book	N/A	2.47	N/A	2.97	2.09	1.4	N/A	1.3	1.37	4.4
Five Year Return	12.08	11.75	7.29	5.95	5.88	8.75	5.0	8.54	7.95	-10.78
One Year Return	14.68	12.9	12.26	7.21	37.47	34.79	4.8	34.79	33.07	-19.55
Last Dividend Paid	0.07	0.05	0.03	0.41	0.13	N/A	0.04	0.58	0.53	N/A
Price To Earning	N/A	17.28	N/A	18.02	19.13	16.34	N/A	11.97	11.42	45.71
Price To Sales	N/A	1.27	N/A	1.99	1.32	1.0	N/A	0.57	0.59	4.72
Cash Position Weight	2.74	1.54	1.38	1.83	4.17	1.88	4.2	7.42	2.4	1.6
Equity Positions Weight	97.25	98.46	98.62	65.84	95.83	97.87	N/A	92.57	97.04	98.4
Three Year Return	16.6	13.78	11.34	9.64	21.74	16.76	8.12	15.45	14.7	-1.95
Annual Yield	0.0016	0.0107	0.0068	0.0203	0.0187	0.0228	0.0707	0.0277	0.024	N/A
Year To Date Return	3.95	5.04	7.09	3.23	13.44	6.59	1.0	8.97	8.05	0.89
Bond Positions Weight	N/A	N/A	N/A	32.28	N/A	N/A	7.11	N/A	N/A	N/A
Ten Year Return	N/A	11.5	8.1	8.8	9.75	5.52	5.1	6.03	5.72	17.48
Daily Balance Of Power	0	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	0	0	9.2 T
Day Typical Price	33.58	15.75	25.37	116.75	27.55	16.04	10.62	19.76	19.85	21.6
Period Momentum Indicator	(0.34)	0.14	0.31	0.49	0.15	0.01	0.01	(0.11)	(0.12)	0.32
Rate Of Daily Change	0.99	1.01	1.01	1.0	1.01	1.0	1.0	0.99	0.99	1.02
Day Median Price	33.58	15.75	25.37	116.75	27.55	16.04	10.62	19.76	19.85	21.6
Price Action Indicator	(0.17)	0.07	0.16	0.24	0.075	0.005	0.005	(0.06)	(0.06)	0.16
Coefficient Of Variation	818.69	680.52	565.41	570.26	598.22	430.73	277.02	342.16	345.09	(636.70)
Mean Deviation	0.5015	1.03	0.8229	0.3759	0.8888	0.636	0.0821	0.5265	0.5261	2.04
Jensen Alpha	0.0691	0.5579	0.1235	0.0427	0.1371	0.1635	0.0213	0.1643	0.1628	(1.08)
Total Risk Alpha	0.0217	0.272	0.1034	0.038	0.1041	0.1423	0.0187	0.1342	0.1324	(1.43)
Sortino Ratio	0.0162	0.9796	0.1404	0.0312	0.1269	0.193	(0.28)	0.1904	0.188	N/A
Downside Variance	0.4586	0.2609	0.7994	0.1831	1.14	0.6361	0.0149	0.4198	0.4182	N/A
Standard Deviation	0.6624	3.88	1.11	0.4749	1.23	0.9644	0.1001	0.6614	0.6609	6.16
Kurtosis	0.4989	63.71	0.6888	(0.17)	2.31	10.7	(0.19)	0.2133	0.1594	58.87
Potential Upside	1.12	1.15	2.35	0.9594	2.25	1.34	0.1927	1.25	1.24	1.88
Treynor Ratio	2.29	14.22	0.1793	0.1437	0.2012	0.2545	0.3244	0.5775	0.5808	(0.55)
Maximum Drawdown	3.01	32.53	5.31	2.16	5.72	6.71	0.4732	2.67	2.68	51.91
Variance	0.4387	15.06	1.22	0.2255	1.51	0.9301	0.01	0.4375	0.4368	37.93
Market Risk Adjusted Performance	2.3	14.23	0.1893	0.1537	0.2112	0.2645	0.3344	0.5875	0.5908	(0.54)
Risk Adjusted Performance	0.0964	0.1265	0.1454	0.1345	0.1383	0.189	0.2207	0.2336	0.2316	(0.12)
Skewness	0.0154	7.91	0.6249	0.1702	0.5786	2.09	0.0844	(0.07)	(0.06)	(7.47)
Semi Deviation	0.5274	0.0	0.6411	0.2823	0.8122	0.4102	0.0	0.2798	0.2551	N/A
Information Ratio	0.0166	0.1289	0.1136	0.0281	0.1102	0.1596	(0.34)	0.1865	0.184	(0.17)
Value At Risk	(1.07)	(0.69)	(1.57)	(0.59)	(1.94)	(1.09)	(0.1)	(0.80)	(0.80)	(3.06)
Expected Short fall	(0.54)	(1.39)	(0.97)	(0.43)	(1.05)	(0.76)	(0.13)	(0.64)	(0.62)	N/A
Downside Deviation	0.6772	0.5107	0.8941	0.4279	1.07	0.7975	0.1221	0.648	0.6467	N/A
Semi Variance	0.2782	(0.42)	0.411	0.0797	0.6597	0.1683	(0.03)	0.0783	0.0651	N/A

Horizon Us Competition Performance Charts

Five steps to successful analysis of Horizon Us Competition

Horizon Us' 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 Defensive Equity in relation to its competition. Horizon Us' competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Horizon Us 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 Us' competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Horizon Defensive Equity, 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 Us position

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Information Technology (IT) companies and IT service providers across different domains. The IT theme has 37 constituents at this time.

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Other Information on Investing in Horizon Mutual Fund

Horizon Us 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 Us security.

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