Horizon Active Correlations

ACRIX Fund

USD 25.44 0.02 0.08%

The current 90-days correlation between Horizon Active Risk and Schwab Health Care is 0.22 (i.e., Modest diversification). The correlation of Horizon Active is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Horizon Active Correlation With Market

Very weak diversification

The correlation between Horizon Active Risk and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Horizon Active Risk and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Horizon Active Risk. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Horizon Mutual Fund

1.0	ARANX	Horizon Active Risk	Pair Corr
1.0	ARAAX	Horizon Active Risk	Pair Corr
0.8	AAANX	Horizon Active Asset Potential Growth	Pair Corr
0.67	HNDDX	Horizon Active Dividend	Pair Corr
0.96	USRAX	Horizon Defensive Equity	Pair Corr
0.96	USRTX	Horizon Defensive Equity	Pair Corr
0.79	HASAX	Horizon Active Asset	Pair Corr
0.79	HTFAX	Horizon Funds	Pair Corr
0.72	AIMNX	Horizon Active Income	Pair Corr
0.72	AIRIX	Horizon Active Income	Pair Corr
0.95	HESAX	Horizon Esg Defensive	Pair Corr
0.95	HESGX	Horizon Esg Defensive	Pair Corr
0.61	SMPSX	Semiconductor Ultrasector	Pair Corr
0.69	ONERX	One Rock Fund	Pair Corr

Related Correlations Analysis

	SWHFX	XXGRX	BHCHX	GTHCX	LYFAX	PGHAX	LHCCX
SWHFX		0.78	0.88	0.77	0.81	0.91	0.86	SWHFX
XXGRX	0.78		0.81	0.43	0.79	0.84	0.82	XXGRX
BHCHX	0.88	0.81		0.58	0.96	0.96	0.99	BHCHX
GTHCX	0.77	0.43	0.58		0.51	0.56	0.54	GTHCX
LYFAX	0.81	0.79	0.96	0.51		0.92	0.98	LYFAX
PGHAX	0.91	0.84	0.96	0.56	0.92		0.95	PGHAX
LHCCX	0.86	0.82	0.99	0.54	0.98	0.95		LHCCX
	SWHFX	XXGRX	BHCHX	GTHCX	LYFAX	PGHAX	LHCCX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SWHFX	0.70	0.05	0.02	0.14	1.26	(0.74)	2.19	(1.54)	9.48
XXGRX	0.61	0.04	(0.02)	0.32	0.69	(0.74)	1.50	(1.34)	3.61
BHCHX	0.66	0.22	0.17	(4.26)	0.50	(0.75)	1.84	(1.18)	4.34
GTHCX	0.74	(0.08)	0.00	(0.06)	0.00	0.00	1.50	(1.31)	13.45
LYFAX	0.86	0.29	0.20	(6.85)	0.70	(1.06)	2.00	(1.59)	4.78
PGHAX	0.66	0.13	0.11	0.31	0.55	(0.76)	2.16	(1.13)	5.20
LHCCX	0.74	0.23	0.19	6.16	0.56	(0.87)	1.89	(1.24)	4.51

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Horizon Active Correlations

Horizon Active Correlation With Market

Very weak diversification

Moving together with Horizon Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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