Horizon Spin Off And Fund Price on October 16, 2024
| LSHCX Fund | USD 40.60 0.71 1.72% |
Below is the normalized historical share price chart for Horizon Spin Off And extending back to June 22, 2007. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Horizon Spin-off stands at 40.60, as last reported on the 29th of November, with the highest price reaching 40.60 and the lowest price hitting 40.60 during the day.
If you're considering investing in Horizon Mutual Fund, it is important to understand the factors that can impact its price. Horizon Spin-off appears to be very steady, given 3 months investment horizon. Horizon Spin Off holds Efficiency (Sharpe) Ratio of 0.39, which attests that the entity had a 0.39% return per unit of risk over the last 3 months. By evaluating Horizon Spin-off's technical indicators, you can evaluate if the expected return of 0.86% is justified by implied risk. Please utilize Horizon Spin-off's Downside Deviation of 2.22, market risk adjusted performance of 0.7176, and Risk Adjusted Performance of 0.2753 to validate if our risk estimates are consistent with your expectations.
Horizon Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Horizon |
Sharpe Ratio = 0.3861
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Estimated Market Risk
| 2.24 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.86 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.39 actual daily | 30 70% of assets perform better |
Based on monthly moving average Horizon Spin-off is performing at about 30% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Horizon Spin-off by adding it to a well-diversified portfolio.
Horizon Spin-off Valuation on October 16, 2024
It is possible to determine the worth of Horizon Spin-off on a given historical date. On October 16, 2024 Horizon was worth 29.28 at the beginning of the trading date compared to the closed value of 29.28. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Horizon Spin-off mutual fund. Still, in general, we apply an absolute valuation method to find Horizon Spin-off's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Horizon Spin-off where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Horizon Spin-off's related companies.
| Open | High | Low | Close | Volume | |
| 29.01 | 29.01 | 29.01 | 29.01 | 1.00 | |
10/16/2024 | 29.28 | 29.28 | 29.28 | 29.28 | 1.00 |
| 29.72 | 29.72 | 29.72 | 29.72 | 1.00 |
| Backtest Horizon Spin-off | | | Horizon Spin-off History | | | Horizon Spin-off Valuation | Previous | Next |
Horizon Spin-off Trading Date Momentum on October 16, 2024
| On October 17 2024 Horizon Spin Off And was traded for 29.72 at the closing time. The highest daily price throughout the period was 29.72 and the lowest price was 29.72 . There was no trading activity during the period 1.0. Lack of trading volume on 10/17/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 1.50% . The trading delta at closing time to current closing price is 2.56% . |
Horizon Spin Off Fundamentals Correlations and Trends
By evaluating Horizon Spin-off's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Horizon Spin-off's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Horizon financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Horizon Spin-off Mutual Fund history
Horizon Spin-off investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Horizon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Horizon Spin Off will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Horizon Spin-off stock prices may prove useful in developing a viable investing in Horizon Spin-off
The fund will pursue its investment objective by investing at least 80 percent of its net assets in equity securities of spin-off companies, companies subject to other forms of corporate restructuring, parents of any such companies, and publicly traded shareholder activist holding companies which, by way of their shareholder ownership in other companies, have caused such other companies to undergo spin-offs and other forms of corporate restructurings. It may invest in any size company, including small- and medium-sized companies. The fund is non-diversified.
Horizon Spin-off Mutual Fund Technical Analysis
Horizon Spin-off technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Horizon Spin-off Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Horizon Spin Off And cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Horizon Spin-off November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Horizon Spin-off mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Horizon Spin-off shares will generate the highest return on investment. By undertsting and applying Horizon Spin-off mutual fund market strength indicators, traders can identify Horizon Spin Off And entry and exit signals to maximize returns
Horizon Spin-off Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Horizon Spin-off's price direction in advance. Along with the technical and fundamental analysis of Horizon Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Horizon to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2753 | |||
| Jensen Alpha | 0.6673 | |||
| Total Risk Alpha | 0.4505 | |||
| Sortino Ratio | 0.3076 | |||
| Treynor Ratio | 0.7076 |
| Cycle Indicators | ||
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Horizon Mutual Fund
Horizon Spin-off 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 Spin-off security.
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