Horizon Defensive Equity Fund Price on August 4, 2023
| USRAX Fund | USD 33.97 0.08 0.23% |
Below is the normalized historical share price chart for Horizon Defensive Equity extending back to June 26, 2019. 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 Defensive stands at 33.97, as last reported on the 11th of December 2024, with the highest price reaching 33.97 and the lowest price hitting 33.97 during the day.
If you're considering investing in Horizon Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Horizon Mutual Fund to be out of control. Horizon Defensive Equity holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Horizon Defensive Equity, which you can use to evaluate the volatility of the entity. Please check out Horizon Defensive's Downside Deviation of 0.5379, market risk adjusted performance of 0.1571, and Risk Adjusted Performance of 0.128 to validate if the risk estimate we provide is consistent with the expected return of 0.0826%.
Horizon Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Horizon |
Sharpe Ratio = 0.1483
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Estimated Market Risk
| 0.56 actual daily | 4 96% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Horizon Defensive is performing at about 11% 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 Defensive by adding it to a well-diversified portfolio.
Horizon Defensive Valuation on August 4, 2023
It is possible to determine the worth of Horizon Defensive on a given historical date. On August 4, 2023 Horizon was worth 26.45 at the beginning of the trading date compared to the closed value of 26.45. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Horizon Defensive mutual fund. Still, in general, we apply an absolute valuation method to find Horizon Defensive'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 Defensive where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Horizon Defensive's related companies.
| Open | High | Low | Close | Volume | |
| 26.64 | 26.64 | 26.64 | 26.64 | 1.00 | |
08/04/2023 | 26.45 | 26.45 | 26.45 | 26.45 | 1.00 |
| 26.77 | 26.77 | 26.77 | 26.77 | 1.00 |
| Backtest Horizon Defensive | | | Horizon Defensive History | | | Horizon Defensive Valuation | Previous | Next |
Horizon Defensive Trading Date Momentum on August 4, 2023
| On August 07 2023 Horizon Defensive Equity was traded for 26.77 at the closing time. The highest daily price throughout the period was 26.77 and the lowest price was 26.77 . There was no trading activity during the period 1.0. Lack of trading volume on 08/07/2023 added to the next day price jump. The trading price change to closing price of the next trading day was 1.21% . The trading delta at closing time to current closing price is 0.95% . |
Horizon Defensive Equity Fundamentals Correlations and Trends
By evaluating Horizon Defensive'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 Defensive'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 Defensive Mutual Fund history
Horizon Defensive 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 Defensive Equity 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 Defensive stock prices may prove useful in developing a viable investing in Horizon Defensive
The fund seeks to achieve its investment objective by investing primarily in large and mid-cap U.S. common stocks, and employs defensive techniques, including strategic portfolio positioning, to achieve lower overall volatility as compared to the market generally. The fund will invest not less than 80 percent of the value of its net assets in the equity securities of U.S. companies.
Horizon Defensive Mutual Fund Technical Analysis
Horizon Defensive 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 Defensive Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Horizon Defensive Equity 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 Defensive December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Horizon Defensive 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 Defensive shares will generate the highest return on investment. By undertsting and applying Horizon Defensive mutual fund market strength indicators, traders can identify Horizon Defensive Equity entry and exit signals to maximize returns
Horizon Defensive Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Horizon Defensive'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 | 0.128 | |||
| Jensen Alpha | 0.02 | |||
| Total Risk Alpha | 0.0027 | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1471 |
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Other Information on Investing in Horizon Mutual Fund
Horizon Defensive 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 Defensive security.
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