Horizon Defensive Smmd Fund Market Value
| HSMNX Fund | 40.09 0.52 1.31% |
| Symbol | Horizon |
Horizon Defensive '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 Defensive'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 Defensive.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Horizon Defensive on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Horizon Defensive Smmd or generate 0.0% return on investment in Horizon Defensive over 720 days. Horizon Defensive is related to or competes with Archer Balanced, Eic Value, Qs Growth, Qs Us, Semiconductor Ultrasector, Omni Small-cap, and Volumetric Fund. The fund seeks to achieve its investment objective by investing primarily in small and mid-cap U.S More
Horizon Defensive 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 Defensive'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 Defensive Smmd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.845 | |||
| Information Ratio | 0.0414 | |||
| Maximum Drawdown | 5.28 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 1.8 |
Horizon Defensive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Defensive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizon Defensive's standard deviation. In reality, there are many statistical measures that can use Horizon Defensive historical prices to predict the future Horizon Defensive's volatility.| Risk Adjusted Performance | 0.1352 | |||
| Jensen Alpha | 0.0218 | |||
| Total Risk Alpha | 0.0057 | |||
| Sortino Ratio | 0.0485 | |||
| Treynor Ratio | 0.1396 |
Horizon Defensive Smmd Backtested Returns
At this stage we consider Horizon Mutual Fund to be very steady. Horizon Defensive Smmd holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Horizon Defensive Smmd, which you can use to evaluate the volatility of the entity. Please check out Horizon Defensive's Market Risk Adjusted Performance of 0.1496, risk adjusted performance of 0.1352, and Downside Deviation of 0.845 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. The fund retains a Market Volatility (i.e., Beta) of 1.16, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Horizon Defensive will likely underperform.
Auto-correlation | 0.43 |
Average predictability
Horizon Defensive Smmd has average predictability. Overlapping area represents the amount of predictability between Horizon Defensive 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 Defensive Smmd price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Horizon Defensive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 6.08 |
Horizon Defensive Smmd lagged returns against current returns
Autocorrelation, which is Horizon Defensive 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 Defensive's mutual fund expected returns. We can calculate the autocorrelation of Horizon Defensive returns to help us make a trade decision. For example, suppose you find that Horizon Defensive 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 Defensive 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 Defensive mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizon Defensive 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 Defensive mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Horizon Defensive Lagged Returns
When evaluating Horizon Defensive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizon Defensive mutual fund have on its future price. Horizon Defensive 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 Defensive autocorrelation shows the relationship between Horizon Defensive mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Horizon Defensive Smmd.
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 Defensive 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 Defensive security.
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |