Horizon Spin Off And Fund Market Value

LSHCX Fund  USD 17.90  0.07  0.39%   
Horizon Spin-off's market value is the price at which a share of Horizon Spin-off trades on a public exchange. It measures the collective expectations of Horizon Spin Off And investors about its performance. Horizon Spin-off is trading at 17.90 as of the 28th of March 2024; that is 0.39 percent up since the beginning of the trading day. The fund's open price was 17.83.
With this module, you can estimate the performance of a buy and hold strategy of Horizon Spin Off And and determine expected loss or profit from investing in Horizon Spin-off over a given investment horizon. Check 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.
Symbol

Please note, there is a significant difference between Horizon Spin-off's value and its price as these two are different measures arrived at by different means. Investors typically determine if Horizon Spin-off is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horizon Spin-off'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 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.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
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.

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.
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.
Hype
Prediction
LowEstimatedHigh
16.7717.9019.03
Details
Intrinsic
Valuation
LowRealHigh
16.4817.6118.74
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Horizon Spin-off. Your research has to be compared to or analyzed against Horizon Spin-off's peers to derive any actionable benefits. When done correctly, Horizon Spin-off's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Horizon Spin-off And.

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 Test0.28
Residual Average0.0
Price Variance0.06

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  

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
Check 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.
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Portfolio Dashboard
Portfolio dashboard that provides centralized access to all your investments
FinTech Suite
Use AI to screen and filter profitable investment opportunities
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Horizon Spin-off 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.
A focus of Horizon Spin-off technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Horizon Spin-off trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...