Horizon Spin Off And Fund Price on October 28, 2024
| LSHAX Fund | USD 38.99 0.42 1.07% |
Below is the normalized historical share price chart for Horizon Spin Off And extending back to May 31, 2007. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Horizon Spin stands at 38.99, as last reported on the 11th of December 2024, with the highest price reaching 38.99 and the lowest price hitting 38.99 during the day.
If you're considering investing in Horizon Mutual Fund, it is important to understand the factors that can impact its price. Horizon Spin appears to be slightly risky, given 3 months investment horizon. Horizon Spin Off holds Efficiency (Sharpe) Ratio of 0.25, which attests that the entity had a 0.25% return per unit of risk over the last 3 months. By evaluating Horizon Spin's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please utilize Horizon Spin's Risk Adjusted Performance of 0.1871, downside deviation of 2.94, and Market Risk Adjusted Performance of 0.631 to validate if our risk estimates are consistent with your expectations.
Horizon Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Horizon |
Sharpe Ratio = 0.2501
| Best Portfolio | Best Equity | |||
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| Small Returns | LSHAX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.71 actual daily | 24 76% of assets are more volatile |
Expected Return
| 0.68 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average Horizon Spin is performing at about 19% of its full potential. 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 Spin by adding it to a well-diversified portfolio.
Horizon Spin Valuation on October 28, 2024
It is possible to determine the worth of Horizon Spin on a given historical date. On October 28, 2024 Horizon was worth 33.44 at the beginning of the trading date compared to the closed value of 33.44. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Horizon Spin mutual fund. Still, in general, we apply an absolute valuation method to find Horizon Spin's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Horizon Spin where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Horizon Spin's related companies.
| Open | High | Low | Close | Volume | |
| 33.57 | 33.57 | 33.57 | 33.57 | 1.00 | |
10/28/2024 | 33.44 | 33.44 | 33.44 | 33.44 | 1.00 |
| 33.82 | 33.82 | 33.82 | 33.82 | 1.00 |
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Horizon Spin Trading Date Momentum on October 28, 2024
| On October 29 2024 Horizon Spin Off And was traded for 33.82 at the closing time. The highest daily price throughout the period was 33.82 and the lowest price was 33.82 . There was no trading activity during the period 1.0. Lack of trading volume on 10/29/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 1.14% . The trading delta at closing time to current closing price is 17.58% . |
Horizon Spin Off Fundamentals Correlations and Trends
By evaluating Horizon Spin's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Horizon Spin's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Horizon financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Horizon Spin Mutual Fund history
Horizon Spin investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Horizon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Horizon Spin Off will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Horizon Spin stock prices may prove useful in developing a viable investing in Horizon Spin
The fund will pursue its investment objective by investing at least 80 percent of its net assets in equity securities of spin-off companies, companies subject to other forms of corporate restructuring, parents of any such companies, and publicly traded shareholder activist holding companies which, by way of their shareholder ownership in other companies, have caused such other companies to undergo spin-offs and other forms of corporate restructurings. It may invest in any size company, including small- and medium-sized companies. The fund is non-diversified.
Horizon Spin Mutual Fund Technical Analysis
Horizon Spin technical mutual fund 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, fund market cycles, or different charting patterns.
Price Boundaries
Horizon Spin Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Horizon Spin Off And cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Horizon Spin December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Horizon Spin mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Horizon Spin shares will generate the highest return on investment. By undertsting and applying Horizon Spin mutual fund market strength indicators, traders can identify Horizon Spin Off And entry and exit signals to maximize returns
Horizon Spin Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Horizon Spin's price direction in advance. Along with the technical and fundamental analysis of Horizon Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Horizon to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1871 | |||
| Jensen Alpha | 0.5294 | |||
| Total Risk Alpha | 0.2297 | |||
| Sortino Ratio | 0.1818 | |||
| Treynor Ratio | 0.621 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Horizon Mutual Fund
Horizon Spin 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 Spin security.
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