Horizon Active Risk Fund Market Value
| ARAAX Fund | USD 27.36 0.18 0.66% |
| Symbol | Horizon |
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.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Horizon Active on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Horizon Active Risk or generate 0.0% return on investment in Horizon Active over 720 days. Horizon Active is related to or competes with Horizon Active, Calvert Aggressive, American Beacon, Ariel International, and Ab Global. The fund seeks to achieve its objective by using a multi-discipline active asset allocation investment approach 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 Risk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7618 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.08 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.1 |
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.| Risk Adjusted Performance | 0.0573 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0611 |
Horizon Active Risk Backtested Returns
At this stage we consider Horizon Mutual Fund to be out of control. Horizon Active Risk holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Horizon Active Risk, which you can use to evaluate the volatility of the entity. Please check out Horizon Active's Risk Adjusted Performance of 0.0573, downside deviation of 0.7618, and Market Risk Adjusted Performance of 0.0711 to validate if the risk estimate we provide is consistent with the expected return of 0.0739%. The fund retains a Market Volatility (i.e., Beta) of 0.69, 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 | 0.57 |
Modest predictability
Horizon Active Risk has modest predictability. Overlapping area represents the amount of predictability between Horizon Active time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Risk price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Horizon Active price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 1.81 |
Horizon Active Risk 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 Risk.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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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