Horizon Active Income Fund Manager Performance Evaluation
| AIRIX Fund | USD 8.13 0.01 0.12% |
The fund retains a Market Volatility (i.e., Beta) of -0.0144, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Horizon Active are expected to decrease at a much lower rate. During the bear market, Horizon Active is likely to outperform the market.
Risk-Adjusted Performance
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Weak | Strong |
Very Weak
Over the last 90 days Horizon Active Income has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong forward indicators, Horizon Active is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...more| Expense Ratio | 1.2200 |
Horizon |
Horizon Active Relative Risk vs. Return Landscape
If you would invest 821.00 in Horizon Active Income on August 27, 2024 and sell it today you would lose (8.00) from holding Horizon Active Income or give up 0.97% of portfolio value over 90 days. Horizon Active Income is currently producing negative expected returns and takes up 0.2416% volatility of returns over 90 trading days. Put another way, 2% of traded mutual funds are less volatile than Horizon, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Horizon Active Current Valuation
Fairly Valued
Today
Please note that Horizon Active's price fluctuation is very steady at this time. At this time, the entity appears to be fairly valued. Horizon Active Income retains a regular Real Value of $8.15 per share. The prevalent price of the fund is $8.13. We determine the value of Horizon Active Income from evaluating fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we encourage acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will come together.
Since Horizon Active is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Horizon Mutual Fund. However, Horizon Active's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 8.13 | Real 8.15 | Hype 8.13 | Naive 8.12 |
The intrinsic value of Horizon Active's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Horizon Active's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Horizon Active Income helps investors to forecast how Horizon mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Horizon Active more accurately as focusing exclusively on Horizon Active's fundamentals will not take into account other important factors: Horizon Active Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Active's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Horizon Active Income, and traders can use it to determine the average amount a Horizon Active's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0621
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| Negative Returns | AIRIX |
Estimated Market Risk
| 0.24 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Horizon Active is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Horizon Active by adding Horizon Active to a well-diversified portfolio.
Horizon Active Fundamentals Growth
Horizon Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Horizon Active, and Horizon Active fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Horizon Mutual Fund performance.
| Total Asset | 448.89 M | ||||
About Horizon Active Performance
Evaluating Horizon Active's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Horizon Active has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Horizon Active has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund seeks to achieve the funds investment objective by allocating assets across various sectors of the global securities markets. The manager may execute the fund strategy by investing in exchange-traded funds or by investing directly in individual securities or baskets of securities. The fund will invest primarily in U.S. Dollar denominated securities, but may also invest a portion of its assets in non-U.S. Dollar denominated securities.Things to note about Horizon Active Income performance evaluation
Checking the ongoing alerts about Horizon Active for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Horizon Active Income help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Horizon Active generated a negative expected return over the last 90 days | |
| Horizon Active Income generated five year return of 0.0% | |
| This fund holds about 20.19% of its assets under management (AUM) in cash |
- Analyzing Horizon Active's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Horizon Active's stock is overvalued or undervalued compared to its peers.
- Examining Horizon Active's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Horizon Active's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Horizon Active's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Horizon Active's mutual fund. These opinions can provide insight into Horizon Active's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Horizon Mutual Fund
Horizon Active 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 Active security.
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon |