Horizon Esg Defensive Fund Market Value
| HESGX Fund | USD 45.49 0.13 0.29% |
| Symbol | Horizon |
Horizon Esg 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Horizon Esg's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Horizon Esg.
| 02/07/2024 |
| 02/01/2025 |
If you would invest 0.00 in Horizon Esg on February 7, 2024 and sell it all today you would earn a total of 0.00 from holding Horizon Esg Defensive or generate 0.0% return on investment in Horizon Esg over 360 days. Horizon Esg is related to or competes with Touchstone Ultra, Ultra-short Fixed, Transamerica Short-term, Blackrock Short, and Aam/himco Short. Under normal circumstances, substantially all of the value of the funds net assets will be invested in a combination of equity securities included in the index and Defensive Investments. More
Horizon Esg Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Horizon Esg's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Horizon Esg Defensive upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.08 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 5.82 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.22 |
Horizon Esg Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Esg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizon Esg's standard deviation. In reality, there are many statistical measures that can use Horizon Esg historical prices to predict the future Horizon Esg's volatility.| Risk Adjusted Performance | 0.0402 | |||
| Jensen Alpha | 0.003 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0983 |
Horizon Esg Defensive Backtested Returns
At this stage we consider Horizon Mutual Fund to be very steady. Horizon Esg Defensive holds Efficiency (Sharpe) Ratio of 0.0818, which attests that the entity had a 0.0818 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Horizon Esg Defensive, which you can use to evaluate the volatility of the entity. Please check out Horizon Esg's Risk Adjusted Performance of 0.0402, market risk adjusted performance of 0.1083, and Downside Deviation of 1.08 to validate if the risk estimate we provide is consistent with the expected return of 0.0801%. The fund retains a Market Volatility (i.e., Beta) of 0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Horizon Esg's returns are expected to increase less than the market. However, during the bear market, the loss of holding Horizon Esg is expected to be smaller as well.
Auto-correlation | 0.62 |
Good predictability
Horizon Esg Defensive has good predictability. Overlapping area represents the amount of predictability between Horizon Esg time series from 7th of February 2024 to 5th of August 2024 and 5th of August 2024 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Horizon Esg Defensive price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Horizon Esg price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 2.68 |
Horizon Esg Defensive lagged returns against current returns
Autocorrelation, which is Horizon Esg mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Horizon Esg's mutual fund expected returns. We can calculate the autocorrelation of Horizon Esg returns to help us make a trade decision. For example, suppose you find that Horizon Esg has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Horizon Esg regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Horizon Esg mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizon Esg mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Horizon Esg mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Horizon Esg Lagged Returns
When evaluating Horizon Esg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizon Esg mutual fund have on its future price. Horizon Esg autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Horizon Esg autocorrelation shows the relationship between Horizon Esg mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Horizon Esg Defensive.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Horizon Mutual Fund
Horizon Esg 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 Esg security.
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
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| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |