Horizon Securities (Taiwan) Performance

6015 Stock  TWD 11.75  0.05  0.42%   
Horizon Securities has a performance score of 7 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Horizon Securities returns are expected to increase less than the market. However, during the bear market, the loss on holding Horizon Securities will be expected to be smaller as well. Although it is important to respect Horizon Securities current price history, it is better to be realistic regarding the information on the equity's current price movements. Horizon Securities right now retains a risk of 1.52%. Please check out Horizon Securities total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio to decide if Horizon Securities will be following its current trending patterns.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in Horizon Securities Co are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, Horizon Securities may actually be approaching a critical reversion point that can send shares even higher in April 2024. ...more
Begin Period Cash Flow1.2 B
Total Cashflows From Investing Activities-272.7 M
  

Horizon Securities Relative Risk vs. Return Landscape

If you would invest  1,090  in Horizon Securities Co on December 20, 2023 and sell it today you would earn a total of  85.00  from holding Horizon Securities Co or generate 7.8% return on investment over 90 days. Horizon Securities Co is generating 0.1478% of daily returns and assumes 1.5155% volatility on return distribution over the 90 days horizon. Simply put, 13% of stocks are less volatile than Horizon, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
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Assuming the 90 days trading horizon Horizon Securities is expected to generate 2.69 times more return on investment than the market. However, the company is 2.69 times more volatile than its market benchmark. It trades about 0.1 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.23 per unit of risk.

Horizon Securities Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Securities' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Horizon Securities Co, and traders can use it to determine the average amount a Horizon Securities' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0975

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Estimated Market Risk

 1.52
  actual daily
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87% of assets are more volatile

Expected Return

 0.15
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98% of assets have higher returns

Risk-Adjusted Return

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7
93% of assets perform better
Based on monthly moving average Horizon Securities is performing at about 7% 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 Securities by adding it to a well-diversified portfolio.

Horizon Securities Fundamentals Growth

Horizon Stock prices reflect investors' perceptions of the future prospects and financial health of Horizon Securities, and Horizon Securities fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Horizon Stock performance.

About Horizon Securities Performance

To evaluate Horizon Securities Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Horizon Securities generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Horizon Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Horizon Securities market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Horizon's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Horizon Securities Co., Ltd. provides securities brokerage services in Taiwan. The company was incorporated in 1961 and is headquartered in Taipei, Taiwan. HORIZON SECURITIES is traded on Taiwan OTC Exchange in Taiwan.

Things to note about Horizon Securities performance evaluation

Checking the ongoing alerts about Horizon Securities for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Horizon Securities help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
About 26.0% of the company shares are owned by insiders or employees
Evaluating Horizon Securities' performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Horizon Securities' stock performance include:
  • Analyzing Horizon Securities' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Horizon Securities' stock is overvalued or undervalued compared to its peers.
  • Examining Horizon Securities' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Horizon Securities' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Horizon Securities' management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Horizon Securities' stock. These opinions can provide insight into Horizon Securities' potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Horizon Securities' stock performance is not an exact science, and many factors can impact Horizon Securities' stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Horizon Securities Co. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

Complementary Tools for Horizon Stock analysis

When running Horizon Securities' price analysis, check to measure Horizon Securities' 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 Securities is operating at the current time. Most of Horizon Securities' value examination focuses on studying past and present price action to predict the probability of Horizon Securities' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Horizon Securities' price. Additionally, you may evaluate how the addition of Horizon Securities to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Horizon Securities' value and its price as these two are different measures arrived at by different means. Investors typically determine if Horizon Securities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horizon Securities' 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.