Horizon Active Correlations
| ARAAX Fund | USD 27.36 0.18 0.66% |
The current 90-days correlation between Horizon Active Risk and Horizon Active Risk is 1.0 (i.e., No risk reduction). The correlation of Horizon Active is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Horizon Active Correlation With Market
Poor diversification
The correlation between Horizon Active Risk and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Horizon Active Risk and DJI in the same portfolio, assuming nothing else is changed.
Horizon |
Moving together with Horizon Mutual Fund
| 1.0 | ARANX | Horizon Active Risk | PairCorr |
| 0.98 | AAANX | Horizon Active Asset | PairCorr |
| 0.87 | HNDDX | Horizon Active Dividend | PairCorr |
| 0.83 | HNDRX | Horizon Defined Risk | PairCorr |
| 1.0 | ACRIX | Horizon Active Risk | PairCorr |
| 0.87 | USRAX | Horizon Defensive Equity | PairCorr |
| 0.87 | USRTX | Horizon Defensive Equity | PairCorr |
| 0.83 | HADRX | Horizon Defined Risk | PairCorr |
| 0.87 | HADUX | Horizon Active Dividend | PairCorr |
| 0.98 | HASAX | Horizon Active Asset | PairCorr |
| 0.98 | HASIX | Horizon Active Asset | PairCorr |
| 0.71 | HSMNX | Horizon Defensive Smmd | PairCorr |
| 0.85 | HESAX | Horizon Esg Defensive | PairCorr |
| 0.85 | HESGX | Horizon Esg Defensive | PairCorr |
| 0.83 | SMPSX | Semiconductor Ultrasector | PairCorr |
| 0.83 | SMPIX | Semiconductor Ultrasector | PairCorr |
| 0.85 | RSNYX | Victory Global Natural | PairCorr |
| 0.85 | RSNRX | Victory Global Natural | PairCorr |
| 0.85 | RGNCX | Victory Global Natural | PairCorr |
Related Correlations Analysis
| 0.97 | 0.73 | -0.14 | -0.08 | ARANX | ||
| 0.97 | 0.78 | -0.13 | 0.02 | CAACX | ||
| 0.73 | 0.78 | -0.65 | -0.45 | ASVCX | ||
| -0.14 | -0.13 | -0.65 | 0.77 | AINIX | ||
| -0.08 | 0.02 | -0.45 | 0.77 | ARECX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
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 | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ARANX | 0.52 | (0.06) | (0.12) | 0.03 | 0.68 | 1.14 | 3.07 | |||
| CAACX | 0.47 | (0.04) | (0.13) | 0.05 | 0.55 | 1.04 | 2.78 | |||
| ASVCX | 0.86 | (0.04) | 0.01 | 0.09 | 0.79 | 1.93 | 7.41 | |||
| AINIX | 0.62 | (0.12) | 0.00 | (0.34) | 0.00 | 0.96 | 3.65 | |||
| ARECX | 0.59 | (0.02) | (0.13) | 0.03 | 0.76 | 1.06 | 3.31 |