Horizon Spin Off And Fund Market Value
LSHCX Fund | USD 17.90 0.07 0.39% |
Symbol | Horizon |
Horizon Spin-off '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 Spin-off'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 Spin-off.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Horizon Spin-off on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Horizon Spin Off And or generate 0.0% return on investment in Horizon Spin-off over 30 days. Horizon Spin-off is related to or competes with USCF Gold, Kinetics Multi-disciplina, Kinetics Market, Kinetics Market, Kinetics Paradigm, and Kinetics Paradigm. The fund will pursue its investment objective by investing at least 80 percent of its net assets in equity securities of... More
Horizon Spin-off 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 Spin-off'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 Spin Off And upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.1 | |||
Information Ratio | (0.05) | |||
Maximum Drawdown | 4.79 | |||
Value At Risk | (1.96) | |||
Potential Upside | 1.78 |
Horizon Spin-off Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Spin-off's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizon Spin-off's standard deviation. In reality, there are many statistical measures that can use Horizon Spin-off historical prices to predict the future Horizon Spin-off's volatility.Risk Adjusted Performance | 0.0446 | |||
Jensen Alpha | (0.06) | |||
Total Risk Alpha | (0.18) | |||
Sortino Ratio | (0.05) | |||
Treynor Ratio | 0.0664 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Horizon Spin-off's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Horizon Spin-off And Backtested Returns
We consider Horizon Spin-off very steady. Horizon Spin-off And holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Horizon Spin-off And, which you can use to evaluate the volatility of the entity. Please check out Horizon Spin-off's Risk Adjusted Performance of 0.0446, market risk adjusted performance of 0.0764, and Downside Deviation of 1.1 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. The fund retains a Market Volatility (i.e., Beta) of 1.06, which attests to a somewhat significant risk relative to the market. Horizon Spin-off returns are very sensitive to returns on the market. As the market goes up or down, Horizon Spin-off is expected to follow.
Auto-correlation | -0.01 |
Very weak reverse predictability
Horizon Spin Off And has very weak reverse predictability. Overlapping area represents the amount of predictability between Horizon Spin-off time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Spin-off And price movement. The serial correlation of -0.01 indicates that just 1.0% of current Horizon Spin-off price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.01 | |
Spearman Rank Test | 0.28 | |
Residual Average | 0.0 | |
Price Variance | 0.06 |
Horizon Spin-off And lagged returns against current returns
Autocorrelation, which is Horizon Spin-off 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 Spin-off's mutual fund expected returns. We can calculate the autocorrelation of Horizon Spin-off returns to help us make a trade decision. For example, suppose you find that Horizon Spin-off 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 Spin-off 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 Spin-off mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizon Spin-off 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 Spin-off mutual fund over time.
Current vs Lagged Prices |
Timeline |
Horizon Spin-off Lagged Returns
When evaluating Horizon Spin-off's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizon Spin-off mutual fund have on its future price. Horizon Spin-off 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 Spin-off autocorrelation shows the relationship between Horizon Spin-off mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Horizon Spin Off And.
Regressed Prices |
Timeline |
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Try AI Portfolio ArchitectCheck out Horizon Spin-off Correlation, Horizon Spin-off Volatility and Horizon Spin-off Alpha and Beta module to complement your research on Horizon Spin-off. Note that the Horizon Spin-off And information on this page should be used as a complementary analysis to other Horizon Spin-off's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Horizon Mutual Fund analysis
When running Horizon Spin-off's price analysis, check to measure Horizon Spin-off's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Horizon Spin-off is operating at the current time. Most of Horizon Spin-off's value examination focuses on studying past and present price action to predict the probability of Horizon Spin-off's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Horizon Spin-off's price. Additionally, you may evaluate how the addition of Horizon Spin-off to your portfolios can decrease your overall portfolio volatility.
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