Horizon Technology Finance Stock Market Value
| HRZN Stock | USD 9.29 0.07 0.76% |
| Symbol | Horizon |
Horizon Technology Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Horizon Technology. If investors know Horizon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Horizon Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.371 | Dividend Share 1.32 | Earnings Share (0.15) | Revenue Per Share 3.009 | Quarterly Revenue Growth (0.16) |
The market value of Horizon Technology 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 Technology's value that differs from its market value or its book value, called intrinsic value, which is Horizon Technology's 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 Technology's market value can be influenced by many factors that don't directly affect Horizon Technology's 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 Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Horizon Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horizon Technology's 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.
Horizon Technology '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 Technology's stock 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 Technology.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Horizon Technology on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Horizon Technology Finance or generate 0.0% return on investment in Horizon Technology over 720 days. Horizon Technology is related to or competes with Gladstone Capital, Gladstone Investment, Prospect Capital, Stellus Capital, WhiteHorse Finance, PennantPark Floating, and Fidus Investment. Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in de... More
Horizon Technology 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 Technology's stock 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 Technology Finance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 5.65 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 0.8801 |
Horizon Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizon Technology's standard deviation. In reality, there are many statistical measures that can use Horizon Technology historical prices to predict the future Horizon Technology's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (1.08) |
Horizon Technology Backtested Returns
Horizon Technology holds Efficiency (Sharpe) Ratio of -0.21, which attests that the entity had a -0.21% return per unit of risk over the last 3 months. Horizon Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Horizon Technology's Market Risk Adjusted Performance of (1.07), risk adjusted performance of (0.16), and Standard Deviation of 0.9889 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Horizon Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Horizon Technology is expected to be smaller as well. At this point, Horizon Technology has a negative expected return of -0.21%. Please make sure to check out Horizon Technology's treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Horizon Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Horizon Technology Finance has insignificant reverse predictability. Overlapping area represents the amount of predictability between Horizon Technology time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 Technology price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Horizon Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
Horizon Technology lagged returns against current returns
Autocorrelation, which is Horizon Technology stock'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 Technology's stock expected returns. We can calculate the autocorrelation of Horizon Technology returns to help us make a trade decision. For example, suppose you find that Horizon Technology has exhibited high autocorrelation historically, and you observe that the stock 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 Technology 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 Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizon Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Horizon Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Horizon Technology Lagged Returns
When evaluating Horizon Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizon Technology stock have on its future price. Horizon Technology 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 Technology autocorrelation shows the relationship between Horizon Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Horizon Technology Finance.
Regressed Prices |
| Timeline |
Pair Trading with Horizon Technology
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 Technology 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 Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Horizon Stock
| 0.93 | MS | Morgan Stanley Sell-off Trend | PairCorr |
| 0.91 | BX | Blackstone Group Normal Trading | PairCorr |
| 0.89 | DIST | Distoken Acquisition | PairCorr |
| 0.89 | LC | LendingClub Corp | PairCorr |
| 0.86 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
The ability to find closely correlated positions to Horizon Technology 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 Technology 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 Technology - 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 Technology Finance to buy it.
The correlation of Horizon Technology 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 Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Horizon Technology 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 Technology 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 Technology Correlation, Horizon Technology Volatility and Horizon Technology Alpha and Beta module to complement your research on Horizon Technology. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Horizon Technology technical stock 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, stock market cycles, or different charting patterns.