Horizon Active Correlations

ARANX Fund

USD 25.60 0.14 0.55%

The current 90-days correlation between Horizon Active Risk and Eventide Healthcare Life is -0.16 (i.e., Good 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 employment.

Moving together with Horizon Mutual Fund

0.65	AAANX	Horizon Active Asset	Pair Corr
0.74	HNDDX	Horizon Active Dividend	Pair Corr
0.84	ACRIX	Horizon Active Risk	Pair Corr
0.85	USRAX	Horizon Defensive Equity	Pair Corr
0.63	HASAX	Horizon Active Asset	Pair Corr
0.65	HASIX	Horizon Active Asset	Pair Corr
0.9	HTFNX	Horizon Funds	Pair Corr
0.65	HTFAX	Horizon Funds	Pair Corr
0.83	AIMNX	Horizon Active Income	Pair Corr
0.84	AIRIX	Horizon Active Income	Pair Corr
0.86	HESGX	Horizon Esg Defensive	Pair Corr

Moving against Horizon Mutual Fund

0.49	RLNCX	International Developed	Pair Corr
0.38	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.38	PMPSX	Precious Metals Ultr Steady Growth	Pair Corr
0.37	FIJDX	Gold Portfolio Fidelity	Pair Corr
0.37	RRTRX	T Rowe Price	Pair Corr
0.34	MIDSX	Midas Fund Midas	Pair Corr

Related Correlations Analysis

	ETAHX	DLRHX	SCHLX	PJHRX	PGHAX	GTHCX
ETAHX		0.91	0.88	0.75	0.88	0.72	ETAHX
DLRHX	0.91		0.91	0.83	0.78	0.78	DLRHX
SCHLX	0.88	0.91		0.89	0.86	0.87	SCHLX
PJHRX	0.75	0.83	0.89		0.66	0.96	PJHRX
PGHAX	0.88	0.78	0.86	0.66		0.66	PGHAX
GTHCX	0.72	0.78	0.87	0.96	0.66		GTHCX
	ETAHX	DLRHX	SCHLX	PJHRX	PGHAX	GTHCX

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
ETAHX	1.04	0.33	0.22	(7.00)	0.70	(1.20)	3.21	(1.51)	5.64
DLRHX	0.80	0.21	0.25	0.35	0.34	(0.98)	1.92	(1.01)	7.14
SCHLX	0.67	0.15	0.19	0.26	0.33	(0.78)	2.15	(1.08)	7.02
PJHRX	1.05	0.40	0.47	0.58	0.00	(1.32)	1.60	(1.03)	20.70
PGHAX	0.58	0.07	0.03	0.22	0.51	(0.67)	1.80	(1.11)	4.34
GTHCX	0.79	0.29	0.38	0.60	0.00	(1.07)	1.66	(1.11)	14.90

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC