Horizon Funds Etf Fundamentals
| DIVN Etf | 26.82 0.01 0.04% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Horizon Funds' long-term financial health and intrinsic value.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. About Horizon Funds Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Horizon Funds 's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Horizon Funds using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Horizon Funds based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Horizon Funds is entity of United States. It is traded as Etf on BATS exchange.
Pair Trading with Horizon Funds
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Horizon Funds position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Horizon Funds will appreciate offsetting losses from the drop in the long position's value.Moving together with Horizon Etf
| 0.65 | VTI | Vanguard Total Stock Sell-off Trend | PairCorr |
| 0.62 | SPY | SPDR SP 500 Sell-off Trend | PairCorr |
| 0.62 | IVV | iShares Core SP Sell-off Trend | PairCorr |
| 0.95 | VTV | Vanguard Value Index Sell-off Trend | PairCorr |
Moving against Horizon Etf
The ability to find closely correlated positions to Horizon Funds could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Horizon Funds when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Horizon Funds - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Horizon Funds to buy it.
The correlation of Horizon Funds 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Horizon Funds moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Horizon Funds moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Horizon Funds can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Horizon Funds Performance and Horizon Funds Technical Analysis analysis. To learn how to invest in Horizon Etf, please use our How to Invest in Horizon Funds guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
The market value of Horizon Funds is measured differently than its book value, which is the value of Horizon that is recorded on the company's balance sheet. Investors also form their own opinion of Horizon Funds' value that differs from its market value or its book value, called intrinsic value, which is Horizon Funds' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Horizon Funds' market value can be influenced by many factors that don't directly affect Horizon Funds' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Horizon Funds' value and its price as these two are different measures arrived at by different means. Investors typically determine if Horizon Funds is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horizon Funds' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.