Horizon Active Competition

HASIX Fund

USD 16.29 0.12 0.74%

Horizon Active Asset competes with Pioneer High, Federated Institutional, Dunham High, Msift High, and American Century; as well as few others. The fund is listed under Tactical Allocation category and is part of Horizon Investments family. Analyzing Horizon Active competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Horizon Active to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Horizon Active Correlation with its peers.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Horizon Active competition on your existing holdings.

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Hype

Prediction

Low	Estimated	High
14.91	15.62	16.33

Details

Intrinsic

Valuation

Low	Real	High
15.28	15.99	16.70

Details

Horizon Active Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Horizon Active and its competitors represents the degree of relationship between the price movements of corresponding funds. A correlation of about +1.0 implies that the price of Horizon and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Horizon Active Asset does not affect the price movement of the other competitor.

	PYICX	FIHLX	DAHYX	MRHYX	ACHFX
PYICX		0.96	0.92	0.88	0.98	PYICX
FIHLX	0.96		0.87	0.81	0.97	FIHLX
DAHYX	0.92	0.87		0.96	0.93	DAHYX
MRHYX	0.88	0.81	0.96		0.89	MRHYX
ACHFX	0.98	0.97	0.93	0.89		ACHFX
	PYICX	FIHLX	DAHYX	MRHYX	ACHFX

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Risk-Adjusted Indicators

There is a big difference between Horizon Mutual Fund performing well and Horizon Active Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Horizon Active's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PYICX	0.11	0.01	(0.59)	0.21	(0.17)	0.22	(0.22)	0.78
FIHLX	0.11	0.01	(0.62)	0.41	(0.20)	0.34	(0.22)	0.67
DAHYX	0.11	0.01	(0.62)	0.28	(0.15)	0.23	(0.23)	0.57
MRHYX	0.09	0.02	(0.63)	0.33	(0.14)	0.23	(0.12)	0.47
ACHFX	0.13	0.01	(0.52)	0.31	(0.21)	0.35	(0.23)	0.93

Unable to evaluate fundamental data of [PYICX, FIHLX, DAHYX, MRHYX, ACHFX] at this time. Please try again later

All Fundamental Data

Horizon Active Competitive Analysis

The better you understand Horizon Active competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Horizon Active's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Horizon Active's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	HASIX	PYICX	FIHLX	DAHYX	MRHYX	ACHFX
	0.74 16.29 Horizon	0.11 9.05 PIONEER	0.11 8.95 FEDERATED	0.23 8.87 Dunham	0.12 8.65 Msift	0.11 8.73 American
Market Volatility (90 Days Market Risk)	Very steady	Very steady	Very steady	Very steady	Very steady	Very steady
Market Performance (90 Days Performance)	OK	Good	OK	Solid	Solid	Good
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Over Valued	Over Valued	Over Valued	Over Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Strong Sell	Strong Sell	Strong Sell	Strong Sell	Strong Sell
Net Asset	553.64 M	459.93 M	6.77 B	115.38 M	186.85 M	828.24 M
Price To Book	N/A	1.56 X	N/A	N/A	N/A	N/A
Five Year Return	10.19 %	2.82 %	4.01 %	4.65 %	4.12 %	N/A
One Year Return	22.39 %	13.07 %	11.39 %	11.50 %	14.02 %	13.38 %
Last Dividend Paid	0.08	0.03	0.04	0.03	0.04	N/A
Price To Earning	N/A	4.31 X	N/A	N/A	N/A	N/A
Price To Sales	N/A	0.62 X	N/A	N/A	N/A	N/A
Cash Position Weight	4.59 %	5.43 %	1.53 %	4.23 %	0.24 %	0.11 %
Equity Positions Weight	95.33 %	0.38 %	0.53 %	1.55 %	0.02 %	0.40 %
Three Year Return	4.26 %	1.98 %	2.60 %	3.40 %	3.24 %	N/A
Annual Yield	0.01 %	0.01 %	0.06 %	0.06 %	0.01 %	0.07 %
Year To Date Return	15.36 %	8.15 %	6.48 %	6.78 %	8.62 %	8.09 %
Bond Positions Weight	N/A	23.38 %	10.15 %	14.35 %	12.08 %	98.08 %
Ten Year Return	N/A	4.65 %	6.85 %	4.79 %	N/A	N/A
Day Typical Price	16.29	9.05	8.95	8.87	8.65	8.73
Daily Balance Of Power	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T	9.2 T
Period Momentum Indicator	0.12	0.01	0.01	0.02	0.01	0.01
Rate Of Daily Change	1.01	1.0	1.0	1.0	1.0	1.0
Day Median Price	16.29	9.05	8.95	8.87	8.65	8.73
Price Action Indicator	0.06	0.005	0.005	0.01	0.005	0.005
Relative Strength Index	67.68	76.75	78.69	74.96	78.75	77.74
Coefficient Of Variation	1925.22	612.02	673.37	489.37	325.66	540.68
Mean Deviation	0.5733	0.1128	0.1091	0.1102	0.0908	0.1276
Jensen Alpha	(0.06)	0.0063	0.0088	0.0105	0.0154	0.0135
Total Risk Alpha	(0.09)	(0.01)	(0.01)	(0)	0.0072	(0)
Sortino Ratio	(0.10)	(0.59)	(0.62)	(0.62)	(0.63)	(0.52)
Downside Variance	0.7165	0.0297	0.0274	0.0251	0.0215	0.0319
Standard Deviation	0.7684	0.1454	0.1502	0.1354	0.1098	0.1715
Kurtosis	1.34	0.3924	0.9177	(0.31)	(0.26)	1.39
Potential Upside	1.11	0.2232	0.3363	0.2294	0.2326	0.346
Treynor Ratio	0.0373	0.2119	0.4103	0.2842	0.3303	0.3059
Maximum Drawdown	3.49	0.7817	0.6742	0.5693	0.4689	0.9288
Variance	0.5904	0.0211	0.0226	0.0183	0.0121	0.0294
Market Risk Adjusted Performance	0.0473	0.2219	0.4203	0.2942	0.3403	0.3159
Risk Adjusted Performance	0.0398	0.0825	0.0728	0.11	0.1755	0.107
Skewness	(0.51)	0.1611	0.7461	0.019	(0.27)	0.7562
Semi Deviation	0.7654	0.0	0.0	0.0	0.0	0.0
Information Ratio	(0.11)	(0.70)	(0.69)	(0.72)	(0.83)	(0.55)
Value At Risk	(1.24)	(0.22)	(0.22)	(0.23)	(0.12)	(0.23)
Expected Short fall	(0.61)	(0.17)	(0.20)	(0.15)	(0.14)	(0.21)
Downside Deviation	0.8465	0.1723	0.1655	0.1584	0.1466	0.1787
Semi Variance	0.5858	(0.01)	(0.01)	(0.02)	(0.03)	(0.02)

Horizon Active Competition Performance Charts

Five steps to successful analysis of Horizon Active Competition

Horizon Active's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Horizon Active Asset in relation to its competition. Horizon Active's competition analysis typically involves several steps, including:

Identifying the key players in the market: This involves identifying the major competitors of Horizon Active in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Horizon Active's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Horizon Active Asset, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Horizon Active position

In addition to having Horizon Active in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Blockchain Theme or any other thematic opportunities.

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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.

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