Ronald Saba - Horizon Active Fund Manager
| AAANX Fund | USD 14.50 0.16 1.12% |
With three decades of investment management experience, Mr. Saba he is responsible for the management of Horizons dividend and equity portfolio strategies and also contributes bottomup, fundamental research for the investment team. Prior to joining Horizon in 2009, Mr. Saba was Managing Partner and Chief Investment Officer of Charlotte Capital, LLC where he was lead portfolio manager for the firms two institutional investment products. Prior to Charlotte Capital, Mr. Saba was a Portfolio Manager with Pioneer Investments. Before Pioneer he served as a Portfolio Manager and Analyst with Heartland Advisors. Mr. Saba regularly contributes to the financial media. He has appeared on CNBC and was featured in Barrons magazine. Mr. Saba holds an MBA from the University of Chicago Graduate School of Business and a BS in Business Administration from The Ohio State University.
| Phone | 855-754-7932 |
Horizon Active Management Performance (%)
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Horizon Fund Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right mutual fund is not an easy task. Is Horizon Active a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Price To Earning | 17.76 X | |||
| Price To Book | 2.25 X | |||
| Price To Sales | 1.57 X | |||
| Total Asset | 871.06 M | |||
| Annual Yield | 0.01 % | |||
| Year To Date Return | 3.58 % | |||
| One Year Return | 18.48 % | |||
| Three Year Return | 3.07 % | |||
| Five Year Return | 8.09 % | |||
| Net Asset | 901.88 M |
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
| 0.87 | PAALX | All Asset Fund | PairCorr |
| 0.85 | PATRX | Pimco All Asset | PairCorr |
| 0.87 | PAAIX | All Asset Fund | PairCorr |
| 0.87 | PALPX | Pimco All Asset | PairCorr |
| 0.86 | PASAX | All Asset Fund | PairCorr |
Moving against Horizon Mutual Fund
| 0.98 | UIPIX | Ultrashort Mid Cap | PairCorr |
| 0.84 | USPSX | Profunds Ultrashort | PairCorr |
| 0.83 | USPIX | Profunds Ultrashort | 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 Trending Equities 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 board of governors. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.