Horizon Defensive Equity Fund Price on November 20, 2024
| USRAX Fund | USD 34.05 0.15 0.44% |
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 Us stands at 34.05, as last reported on the 25th of November, with the highest price reaching 34.05 and the lowest price hitting 34.05 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 very steady. Horizon Defensive Equity holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Horizon Defensive Equity, which you can use to evaluate the volatility of the entity. Please check out Horizon Us' Market Risk Adjusted Performance of 0.1218, risk adjusted performance of 0.1049, and Downside Deviation of 0.6162 to validate if the risk estimate we provide is consistent with the expected return of 0.0713%.
Horizon Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Horizon |
Sharpe Ratio = 0.1154
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | USRAX | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.62 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Horizon Us is performing at about 9% 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 Us by adding it to a well-diversified portfolio.
Horizon Us Valuation on November 20, 2024
It is possible to determine the worth of Horizon Us on a given historical date. On November 20, 2024 Horizon was worth 33.57 at the beginning of the trading date compared to the closed value of 33.57. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Horizon Us mutual fund. Still, in general, we apply an absolute valuation method to find Horizon Us' 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 Us where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Horizon Us' related companies.
| Open | High | Low | Close | Volume | |
| 33.50 | 33.50 | 33.50 | 33.50 | 1.00 | |
11/20/2024 | 33.57 | 33.57 | 33.57 | 33.57 | 1.00 |
| 33.90 | 33.90 | 33.90 | 33.90 | 1.00 |
| Backtest Horizon Us | | | Horizon Us History | | | Horizon Us Valuation | Previous | Next |
Horizon Us Trading Date Momentum on November 20, 2024
| On November 21 2024 Horizon Defensive Equity was traded for 33.90 at the closing time. The highest daily price throughout the period was 33.90 and the lowest price was 33.90 . There was no trading activity during the period 1.0. Lack of trading volume on 11/21/2024 added to the next day price jump. The trading price change to closing price of the next trading day was 0.98% . The trading delta at closing time to current closing price is 1.43% . |
Horizon Defensive Equity Fundamentals Correlations and Trends
By evaluating Horizon Us' 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 Us' 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 Us Mutual Fund history
Horizon Us 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 Us stock prices may prove useful in developing a viable investing in Horizon Us
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 Us Mutual Fund Technical Analysis
Horizon Us 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 Us Period Price Range
Low | November 25, 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 Us November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Horizon Us 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 Us shares will generate the highest return on investment. By undertsting and applying Horizon Us mutual fund market strength indicators, traders can identify Horizon Defensive Equity entry and exit signals to maximize returns
Horizon Us Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Horizon Us' 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 | 0.1049 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.1118 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Horizon Mutual Fund
Horizon Us 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 Us security.
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |