Horizon Funds Fund Market Value
| HTFNX Fund | 48.97 0.13 0.27% |
| Symbol | Horizon |
Horizon Funds '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 Funds' 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 Funds.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Horizon Funds on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Horizon Funds or generate 0.0% return on investment in Horizon Funds over 30 days. Horizon Funds is related to or competes with Mesirow Financial, Transamerica Financial, Gabelli Global, John Hancock, and 1919 Financial. The funds investment adviser seeks to achieve the Tactical Income Funds investment objective by allocating to investment... More
Horizon Funds 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 Funds' 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 Funds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2491 | |||
| Information Ratio | (0.44) | |||
| Maximum Drawdown | 1.13 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.3485 |
Horizon Funds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Funds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizon Funds' standard deviation. In reality, there are many statistical measures that can use Horizon Funds historical prices to predict the future Horizon Funds' volatility.| Risk Adjusted Performance | 0.0464 | |||
| Jensen Alpha | (0.0008) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.42) | |||
| Treynor Ratio | 0.1078 |
Horizon Funds Backtested Returns
At this stage we consider Horizon Mutual Fund to be very steady. Horizon Funds holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Horizon Funds, which you can use to evaluate the volatility of the entity. Please check out Horizon Funds' Market Risk Adjusted Performance of 0.1178, risk adjusted performance of 0.0464, and Downside Deviation of 0.2491 to validate if the risk estimate we provide is consistent with the expected return of 0.0251%. The fund retains a Market Volatility (i.e., Beta) of 0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Horizon Funds' returns are expected to increase less than the market. However, during the bear market, the loss of holding Horizon Funds is expected to be smaller as well.
Auto-correlation | 0.83 |
Very good predictability
Horizon Funds has very good predictability. Overlapping area represents the amount of predictability between Horizon Funds time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Funds price movement. The serial correlation of 0.83 indicates that around 83.0% of current Horizon Funds price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Horizon Funds lagged returns against current returns
Autocorrelation, which is Horizon Funds 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 Funds' mutual fund expected returns. We can calculate the autocorrelation of Horizon Funds returns to help us make a trade decision. For example, suppose you find that Horizon Funds 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 Funds 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 Funds mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizon Funds 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 Funds mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Horizon Funds Lagged Returns
When evaluating Horizon Funds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizon Funds mutual fund have on its future price. Horizon Funds 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 Funds autocorrelation shows the relationship between Horizon Funds mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Horizon Funds .
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 Funds 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 Funds security.
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