Horizon Active Asset Fund Market Value

AAANX Fund  USD 16.36  0.08  0.49%   
Horizon Active's market value is the price at which a share of Horizon Active trades on a public exchange. It measures the collective expectations of Horizon Active Asset investors about its performance. Horizon Active is trading at 16.36 as of the 5th of December 2024; that is 0.49 percent up since the beginning of the trading day. The fund's open price was 16.28.
With this module, you can estimate the performance of a buy and hold strategy of Horizon Active Asset and determine expected loss or profit from investing in Horizon Active over a given investment horizon. Check out Horizon Active Correlation, Horizon Active Volatility and Horizon Active Alpha and Beta module to complement your research on Horizon Active.
Symbol

Please note, there is a significant difference between Horizon Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if Horizon Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horizon Active's 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 Active '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 Active's mutual fund 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 Active.
0.00
11/05/2024
No Change 0.00  0.0 
In 31 days
12/05/2024
0.00
If you would invest  0.00  in Horizon Active on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Horizon Active Asset or generate 0.0% return on investment in Horizon Active over 30 days. Horizon Active is related to or competes with Auer Growth, Balanced Fund, T Rowe, Vanguard Windsor, Issachar Fund, and Shelton Funds. The adviser selects asset classes using a flexible approach that allocates the Allocation funds portfolio between asset ... More

Horizon Active 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 Active's mutual fund 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 Active Asset upside and downside potential and time the market with a certain degree of confidence.

Horizon Active Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Active's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizon Active's standard deviation. In reality, there are many statistical measures that can use Horizon Active historical prices to predict the future Horizon Active's volatility.
Hype
Prediction
LowEstimatedHigh
15.7016.3617.02
Details
Intrinsic
Valuation
LowRealHigh
15.5816.2416.90
Details

Horizon Active Asset Backtested Returns

At this stage we consider Horizon Mutual Fund to be very steady. Horizon Active Asset holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Horizon Active Asset, which you can use to evaluate the volatility of the entity. Please check out Horizon Active's Downside Deviation of 0.7294, market risk adjusted performance of 0.1276, and Risk Adjusted Performance of 0.1013 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. The fund retains a Market Volatility (i.e., Beta) of 0.73, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Horizon Active's returns are expected to increase less than the market. However, during the bear market, the loss of holding Horizon Active is expected to be smaller as well.

Auto-correlation

    
  -0.35  

Poor reverse predictability

Horizon Active Asset has poor reverse predictability. Overlapping area represents the amount of predictability between Horizon Active time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th of December 2024. 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 Active Asset price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Horizon Active price fluctuation can be explain by its past prices.
Correlation Coefficient-0.35
Spearman Rank Test-0.36
Residual Average0.0
Price Variance0.02

Horizon Active Asset lagged returns against current returns

Autocorrelation, which is Horizon Active mutual fund'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 Active's mutual fund expected returns. We can calculate the autocorrelation of Horizon Active returns to help us make a trade decision. For example, suppose you find that Horizon Active has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Active 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 Active mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizon Active mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Horizon Active mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Horizon Active Lagged Returns

When evaluating Horizon Active's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizon Active mutual fund have on its future price. Horizon Active 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 Active autocorrelation shows the relationship between Horizon Active mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Horizon Active Asset.
   Regressed Prices   
       Timeline  

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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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