Horizon Active Asset Fund Quote
| HASAX Fund | USD 14.45 0.17 1.16% |
Performance9 of 100
| Odds Of DistressLess than 20
|
Horizon Active is trading at 14.45 as of the 16th of April 2024; that is -1.16 percent decrease since the beginning of the trading day. The fund's open price was 14.62. Horizon Active has about a 20 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Horizon Active Asset are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of March 2024 and ending today, the 16th of April 2024. Click here to learn more.
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. More on Horizon Active Asset
Moving together with Horizon Mutual Fund
| 1.0 | ARANX | Horizon Active Risk | PairCorr |
| 1.0 | ARAAX | Horizon Active Risk | PairCorr |
| 1.0 | ACRIX | Horizon Active Risk | PairCorr |
| 0.98 | USRAX | Horizon Defensive Equity | PairCorr |
| 0.99 | HADRX | Horizon Defined Risk | PairCorr |
| 0.97 | HADUX | Horizon Active Dividend | PairCorr |
Horizon Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Horizon Active's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Horizon Active or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | Horizon Investments Funds, Large Blend Funds, Tactical Allocation Funds, Tactical Allocation, Horizon Investments, Large Blend, Tactical Allocation (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 30th of March 2023 |
| Fiscal Year End | November |
Horizon Active Asset [HASAX] is traded in USA and was established 16th of April 2024. Horizon Active is listed under Horizon Investments category by Fama And French industry classification. The fund is listed under Tactical Allocation category and is part of Horizon Investments family. This fund currently has accumulated 901.88 M in assets under management (AUM) with no minimum investment requirementsHorizon Active Asset is currently producing year-to-date (YTD) return of 5.18% with the current yeild of 0.01%, while the total return for the last 3 years was 3.87%.
Check Horizon Active Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Horizon Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Horizon Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Horizon Active Asset Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Horizon Active Asset Mutual Fund Constituents
| IEUS | iShares MSCI Europe | Etf | Europe Stock |
| IHI | iShares Medical Devices | Etf | Health |
| VUG | Vanguard Growth Index | Etf | Large Growth |
| SPDW | SPDR SP World | Etf | Foreign Large Blend |
| SNPE | Xtrackers SP 500 | Etf | Large Blend |
| IEMG | iShares Core MSCI | Etf | Diversified Emerging Mkts |
| SPEM | SPDR Portfolio Emerging | Etf | Diversified Emerging Mkts |
Horizon Active Target Price Odds Analysis
Based on a normal probability distribution, the odds of Horizon Active jumping above the current price in 90 days from now is about 47.96%. The Horizon Active Asset probability density function shows the probability of Horizon Active mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.0373. This usually indicates Horizon Active Asset market returns are sensitive to returns on the market. As the market goes up or down, Horizon Active is expected to follow. Additionally, horizon Active Asset has an alpha of 0.0066, implying that it can generate a 0.006559 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Horizon Active to move above the current price in 90 days from now is about 47.96 (This Horizon Active Asset probability density function shows the probability of Horizon Mutual Fund to fall within a particular range of prices over 90 days) .
Horizon Active Asset Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Horizon Active market risk premium is the additional return an investor will receive from holding Horizon Active long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Horizon Active. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Horizon Active's alpha and beta are two of the key measurements used to evaluate Horizon Active's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.5784 | |||
| Semi Deviation | 0.6277 | |||
| Standard Deviation | 0.7223 | |||
| Variance | 0.5217 |
Horizon Active Against Markets
Picking the right benchmark for Horizon Active mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Horizon Active mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Horizon Active is critical whether you are bullish or bearish towards Horizon Active Asset at a given time. Please also check how Horizon Active's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Horizon Active without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Portfolio Rebalancing Now
Portfolio RebalancingAnalyze risk-adjusted returns against different time horizons to find asset-allocation targets |
| All Next | Launch Module |
How to buy Horizon Mutual Fund?
Before investing in Horizon Active, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Horizon Active. To buy Horizon Active fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Horizon Active. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Horizon Active fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Horizon Active Asset fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Horizon Active Asset fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Horizon Active Asset, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Horizon Active Asset?
The danger of trading Horizon Active Asset is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Horizon Active is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Horizon Active. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Horizon Active Asset is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.