Horizon Active Financial Statements From 2010 to 2024
| AAANX Fund | USD 14.51 0.01 0.07% |
Check Horizon Active financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Horizon main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Horizon financial statements analysis is a perfect complement when working with Horizon Active Valuation or Volatility modules.
Horizon |
Horizon Active Asset Mutual Fund Year To Date Return Analysis
Horizon Active's Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
More About Year To Date Return | All Equity Analysis
YTD Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Horizon Active Year To Date Return | 3.87 % |
Most of Horizon Active's fundamental indicators, such as Year To Date Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Horizon Active Asset is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
| Competition |
In accordance with the company's disclosures, Horizon Active Asset has a Year To Date Return of 3.8682%. This is much higher than that of the Horizon Investments family and significantly higher than that of the Tactical Allocation category. The year to date return for all United States funds is notably lower than that of the firm.
Horizon Active Asset Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Horizon Active's current stock value. Our valuation model uses many indicators to compare Horizon Active value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Horizon Active competition to find correlations between indicators driving Horizon Active's intrinsic value. More Info.Horizon Active Asset is third largest fund in price to earning among similar funds. It is third largest fund in price to book among similar funds fabricating about 0.13 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Horizon Active Asset is roughly 7.89 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Horizon Active by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Horizon Active's Mutual Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Horizon Active's earnings, one of the primary drivers of an investment's value.About Horizon Active Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Horizon Active income statement, its balance sheet, and the statement of cash flows. Horizon Active investors use historical funamental indicators, such as Horizon Active's revenue or net income, to determine how well the company is positioned to perform in the future. Although Horizon Active investors may use each financial statement separately, they are all related. The changes in Horizon Active's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Horizon Active's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Horizon Active Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Horizon Active. Please read more on our technical analysis and fundamental analysis pages.
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.
Pair Trading with Horizon Active
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Horizon Active position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Horizon Active will appreciate offsetting losses from the drop in the long position's value.Moving together with Horizon Mutual Fund
| 0.93 | ARANX | Horizon Active Risk | PairCorr |
| 0.74 | HNDRX | Horizon Defined Risk | PairCorr |
| 0.98 | USRAX | Horizon Defensive Equity | PairCorr |
| 0.98 | USRTX | Horizon Defensive Equity | PairCorr |
The ability to find closely correlated positions to Horizon Active could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Horizon Active when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Horizon Active - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Horizon Active Asset to buy it.
The correlation of Horizon Active is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Horizon Active moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Horizon Active Asset moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Horizon Active can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Horizon Active Correlation against competitors. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.