HORIZON Cash Position Weight

Mutual Funds USA . 
Fund . HORIZON ACTIVE ASSET
AAANX Fund  USD 11.86  0.22  1.07%   
HORIZON ACTIVE ASSET fundamentals help investors to digest information that contributes to HORIZON ACTIVE's financial success or failures. It also enables traders to predict the movement of HORIZON Mutual Fund. The fundamental analysis module provides a way to measure HORIZON ACTIVE's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to HORIZON ACTIVE mutual fund.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  

HORIZON Cash Position Weight Analysis

HORIZON ACTIVE's Percentage of fund asset invested in cash equivalents or risk-free instruments. About 40% of all global funds carry cash on their balance sheet.
Cash Percentage 
 = 
% of Cash 
 
in the fund 
More About Cash Position Weight | All Equity Analysis

Current HORIZON ACTIVE Cash Position Weight

    
  0.84 %  
Most of HORIZON ACTIVE's fundamental indicators, such as Cash Position Weight, 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.
Funds or ETFs that have over 40% of their value invested in low-risk instruments or cash equivalents typically attract conservative investors.
Competition

HORIZON ACTIVE Cash Position Weight Component Assessment

In accordance with the recently published financial statements, HORIZON ACTIVE ASSET has 0.84% in Cash Position Weight. This is much higher than that of the Horizon Investments family and significantly higher than that of the Tactical Allocation category. The cash position weight for all United States funds is notably lower than that of the firm.

HORIZON Cash Position Weight Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses HORIZON ACTIVE's direct or indirect competition against its Cash Position Weight to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of HORIZON ACTIVE could also be used in its relative valuation, which is a method of valuing HORIZON ACTIVE by comparing valuation metrics of similar companies.
HORIZON ACTIVE is currently under evaluation in cash position weight among similar funds.

Fund Asset Allocation for HORIZON ACTIVE

The fund invests 99.15% of asset under management in tradable equity instruments, with the rest of investments concentrated in cash (0.84%) and various exotic instruments (0.01%).
Asset allocation divides HORIZON ACTIVE's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.

HORIZON Fundamentals

Price to Earning17.76 X
Price to Book2.25 X
Price to Sales1.57 X
Total Asset704.58 M
One Year Return4.02 %
Three Year Return3.55 %
Five Year Return3.82 %
Net Asset704.58 M
Minimum Initial Investment2.5 K
Last Dividend Paid0.07
Cash Position Weight0.84 %
Equity Positions Weight99.15 %

About HORIZON ACTIVE Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze HORIZON ACTIVE ASSET's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of HORIZON ACTIVE using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of HORIZON ACTIVE ASSET based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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. Horizon Active is traded on NASDAQ Exchange in the United States.

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.

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Pair Correlation

Compare performance and examine fundamental relationship between any two equity instruments
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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 ACTIVE

+0.71PAAIXALL ASSET FUNDPairCorr
+0.78PATRXPIMCO ALL ASSETPairCorr
+0.71PAALXALL ASSET FUNDPairCorr
+0.7PALPXPIMCO ALL ASSETPairCorr
+0.77PAANXPIMCO All AssetPairCorr
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 equities. 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.
Pair CorrelationCorrelation Matching
Check out HORIZON ACTIVE Piotroski F Score and HORIZON ACTIVE Altman Z Score analysis. You can also try Transaction History module to view history of all your transactions and understand their impact on performance.

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Please note, there is a significant difference between HORIZON ACTIVE's value and its price as these two are different measures arrived at by different means. Investors typically determine HORIZON ACTIVE value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HORIZON ACTIVE's 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.


 
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