Horizon Technology Correlations

HTFB Stock

USD 24.55 0.02 0.08%

The current 90-days correlation between Horizon Technology and Oatly Group AB is 0.04 (i.e., Significant diversification). The correlation of Horizon Technology 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.

Horizon Technology Correlation With Market

Good diversification

The correlation between Horizon Technology Finance and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Horizon Technology Finance and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Horizon Technology Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving against Horizon Stock

0.57	RC	Ready Capital Corp Sell-off Trend	Pair Corr
0.47	RM	Regional Management Corp	Pair Corr
0.31	PT	Pintec Technology	Pair Corr
0.49	BRACU	Broad Capital Acquisition	Pair Corr

Related Correlations Analysis

	EFRMF	KO	SAND	SKYW	OTLY	EGO	VLRS	FIZZ
EFRMF		0.64	-0.08	-0.79	0.68	0.23	-0.7	-0.43	EFRMF
KO	0.64		0.2	-0.9	0.8	0.57	-0.87	-0.69	KO
SAND	-0.08	0.2		-0.01	0.36	0.66	0.08	-0.18	SAND
SKYW	-0.79	-0.9	-0.01		-0.77	-0.42	0.91	0.79	SKYW
OTLY	0.68	0.8	0.36	-0.77		0.54	-0.72	-0.52	OTLY
EGO	0.23	0.57	0.66	-0.42	0.54		-0.35	-0.54	EGO
VLRS	-0.7	-0.87	0.08	0.91	-0.72	-0.35		0.67	VLRS
FIZZ	-0.43	-0.69	-0.18	0.79	-0.52	-0.54	0.67		FIZZ
	EFRMF	KO	SAND	SKYW	OTLY	EGO	VLRS	FIZZ

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VLRS	+ 0.91	SKYW
OTLY	+ 0.8	KO
FIZZ	+ 0.79	SKYW
OTLY	+ 0.68	EFRMF
FIZZ	+ 0.67	VLRS
EGO	+ 0.66	SAND

High negative correlations

SKYW	- 0.9	KO
VLRS	- 0.87	KO
SKYW	- 0.79	EFRMF
OTLY	- 0.77	SKYW
VLRS	- 0.72	OTLY
VLRS	- 0.7	EFRMF

Risk-Adjusted Indicators

There is a big difference between Horizon Stock performing well and Horizon Technology Company 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 Technology'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
EFRMF	1.58	(0.69)	0.00	2.72	0.00	0.00	0.00	0.00	28.57
KO	0.70	(0.13)	0.00	(1.11)	0.00	0.00	1.18	(1.66)	4.07
SAND	1.73	0.09	0.00	0.42	2.41	(1.81)	3.33	(2.56)	15.60
SKYW	1.40	0.41	0.38	0.34	0.80	(1.75)	3.80	(1.66)	9.51
OTLY	2.98	(0.49)	0.00	(0.09)	0.00	0.00	4.69	(5.80)	30.62
EGO	1.84	(0.12)	0.00	(0.17)	0.00	0.00	3.39	(4.76)	12.12
VLRS	1.80	0.54	0.24	(10.81)	1.29	(2.18)	4.80	(2.57)	12.44
FIZZ	0.90	0.04	(0.03)	0.23	1.06	(0.92)	2.13	(1.89)	6.35

Horizon Technology Corporate Management

Daniel CFA	Chief VP	Profile
John Bombara	Senior Vice President General Counsel, Chief Compliance Officer, Secretary	Profile
CFA CFA	Chief VP	Profile
Todd McDonald	Southeast MidAtlantic	Profile
Edmund Mahoney	Lead Independent Director	Profile
Daniel CPA	CFO VP	Profile
Megan Bacon	Director Marketing	Profile

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