Horizon Minerals Corp Stock Market Value
| HZNM Stock | USD 0.0002 0.00 0.00% |
| Symbol | Horizon |
Horizon Minerals Corp Price To Book Ratio
Is Diversified Metals & Mining 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 Minerals. 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 Minerals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Horizon Minerals Corp 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 Minerals' value that differs from its market value or its book value, called intrinsic value, which is Horizon Minerals' 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 Minerals' market value can be influenced by many factors that don't directly affect Horizon Minerals' 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 Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Horizon Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horizon Minerals' 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 Minerals '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 Minerals' 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 Minerals.
| 07/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in Horizon Minerals on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding Horizon Minerals Corp or generate 0.0% return on investment in Horizon Minerals over 570 days. Horizon Minerals is related to or competes with Lithium Americas, Rio Tinto, NGEx Minerals, Alphamin Resources, Metals X, Minsud Resources, and Aldebaran Resources. Horizon Minerals Corp. engages in the exploration and development of mineral properties in the United States More
Horizon Minerals 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 Minerals' 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 Minerals Corp upside and downside potential and time the market with a certain degree of confidence.
Horizon Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizon Minerals' standard deviation. In reality, there are many statistical measures that can use Horizon Minerals historical prices to predict the future Horizon Minerals' volatility.Horizon Minerals Corp Backtested Returns
We have found three technical indicators for Horizon Minerals Corp, which you can use to evaluate the volatility of the firm. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Horizon Minerals are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Horizon Minerals Corp has perfect predictability. Overlapping area represents the amount of predictability between Horizon Minerals time series from 28th of July 2023 to 8th of May 2024 and 8th of May 2024 to 17th 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 Minerals Corp price movement. The serial correlation of 1.0 indicates that 100.0% of current Horizon Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Horizon Minerals Corp lagged returns against current returns
Autocorrelation, which is Horizon Minerals 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 Minerals' stock expected returns. We can calculate the autocorrelation of Horizon Minerals returns to help us make a trade decision. For example, suppose you find that Horizon Minerals 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 Minerals 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 Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizon Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Horizon Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Horizon Minerals Lagged Returns
When evaluating Horizon Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizon Minerals stock have on its future price. Horizon Minerals 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 Minerals autocorrelation shows the relationship between Horizon Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Horizon Minerals Corp.
Regressed Prices |
| Timeline |
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Horizon Minerals 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.