Horizon Active Asset Fund Price on April 23, 2024
| HASAX Fund | USD 14.97 0.11 0.73% |
Below is the normalized historical share price chart for Horizon Active Asset extending back to September 08, 2015. 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 Active stands at 14.97, as last reported on the 25th of May, with the highest price reaching 14.97 and the lowest price hitting 14.97 during the day.
If you're considering investing in Horizon Mutual Fund, it is important to understand the factors that can impact its price. We consider Horizon Active very steady. Horizon Active Asset holds Efficiency (Sharpe) Ratio of 0.0786, which attests that the entity had a 0.0786% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Horizon Active Asset, which you can use to evaluate the volatility of the entity. Please check out Horizon Active's Risk Adjusted Performance of 0.0648, downside deviation of 0.6904, and Market Risk Adjusted Performance of 0.4717 to validate if the risk estimate we provide is consistent with the expected return of 0.0558%.
Horizon Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Horizon |
Sharpe Ratio = 0.0786
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Estimated Market Risk
| 0.71 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Horizon Active is performing at about 6% 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 Active by adding it to a well-diversified portfolio.
Horizon Active Valuation on April 23, 2024
It is possible to determine the worth of Horizon Active on a given historical date. On April 23, 2024 Horizon was worth 14.44 at the beginning of the trading date compared to the closed value of 14.44. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Horizon Active mutual fund. Still, in general, we apply an absolute valuation method to find Horizon Active'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 Active where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Horizon Active's related companies.
| Open | High | Low | Close | Volume | |
| 14.29 | 14.29 | 14.29 | 14.29 | 1.00 | |
04/23/2024 | 14.44 | 14.44 | 14.44 | 14.44 | 1.00 |
| 14.45 | 14.45 | 14.45 | 14.45 | 1.00 |
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Horizon Active Trading Date Momentum on April 23, 2024
| On April 24 2024 Horizon Active Asset was traded for 14.45 at the closing time. The highest daily price throughout the period was 14.45 and the lowest price was 14.45 . There was no trading activity during the period 1.0. Lack of trading volume on 04/24/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 0.07% . The trading delta at closing time to current closing price is 1.45% . |
Horizon Active Asset Fundamentals Correlations and Trends
By evaluating Horizon Active'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 Active'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 Active Mutual Fund history
Horizon Active 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 Active Asset 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 Active stock prices may prove useful in developing a viable investing in Horizon Active
The adviser selects asset classes using a flexible approach that allocates the Allocation funds portfolio between asset classes that Horizon believes offer the opportunity for the highest projected return for a given amount of risk. The adviser may execute its strategy by investing in exchange-traded funds or by investing directly in individual securities or baskets of securities. Potential investments are reviewed for trading efficiency, liquidity, riskreturn profile, and fit within overall portfolio diversification needs prior to investment.
Horizon Active Mutual Fund Technical Analysis
Horizon Active 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 Active Period Price Range
Low | April 23, 2024
| High |
14.44 | 14.44 |
Horizon Active May 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Horizon Active 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 Active shares will generate the highest return on investment. By undertsting and applying Horizon Active mutual fund market strength indicators, traders can identify Horizon Active Asset entry and exit signals to maximize returns
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 14.44 | |||
| Day Typical Price | 14.44 | |||
| Period Momentum Indicator | 0.53 | |||
| Relative Strength Index | 62.13 |
Horizon Active Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Horizon Active'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 | 0.0648 | |||
| Jensen Alpha | 0.0628 | |||
| Total Risk Alpha | 0.0209 | |||
| Sortino Ratio | 0.044 | |||
| Treynor Ratio | 0.4617 |
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| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Horizon Active Asset. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Horizon Active Asset information on this page should be used as a complementary analysis to other Horizon Active'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .