Horizon Defined Risk Fund Market Value
| HNDRX Fund | USD 77.67 0.09 0.12% |
| Symbol | Horizon |
Horizon Defined '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 Defined'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 Defined.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Horizon Defined on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Horizon Defined Risk or generate 0.0% return on investment in Horizon Defined over 30 days. Horizon Defined is related to or competes with Horizon Active, Horizon Active, Horizon Active, Horizon Active, Horizon Defined, Horizon Active, and Horizon Funds. The funds investment adviser seeks to achieve the funds investment objective by investing in a broadly diversified portf... More
Horizon Defined 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 Defined'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 Defined Risk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4594 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 2.09 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 0.6891 |
Horizon Defined Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Defined's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizon Defined's standard deviation. In reality, there are many statistical measures that can use Horizon Defined historical prices to predict the future Horizon Defined's volatility.| Risk Adjusted Performance | 0.1325 | |||
| Jensen Alpha | 0.0136 | |||
| Total Risk Alpha | 9.0E-4 | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.1517 |
Horizon Defined Risk Backtested Returns
At this stage we consider Horizon Mutual Fund to be very steady. Horizon Defined Risk holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Horizon Defined Risk, which you can use to evaluate the volatility of the entity. Please check out Horizon Defined's Downside Deviation of 0.4594, market risk adjusted performance of 0.1617, and Risk Adjusted Performance of 0.1325 to validate if the risk estimate we provide is consistent with the expected return of 0.0708%. The fund retains a Market Volatility (i.e., Beta) of 0.44, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Horizon Defined's returns are expected to increase less than the market. However, during the bear market, the loss of holding Horizon Defined is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
Horizon Defined Risk has modest predictability. Overlapping area represents the amount of predictability between Horizon Defined time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 2024. 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 Defined Risk price movement. The serial correlation of 0.52 indicates that about 52.0% of current Horizon Defined price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Horizon Defined Risk lagged returns against current returns
Autocorrelation, which is Horizon Defined 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 Defined's mutual fund expected returns. We can calculate the autocorrelation of Horizon Defined returns to help us make a trade decision. For example, suppose you find that Horizon Defined 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 Defined 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 Defined mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizon Defined 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 Defined mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Horizon Defined Lagged Returns
When evaluating Horizon Defined's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizon Defined mutual fund have on its future price. Horizon Defined 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 Defined autocorrelation shows the relationship between Horizon Defined mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Horizon Defined Risk.
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 Defined 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 Defined security.
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |