HORIZON Three Year Return

AAANX
 Fund
  

USD 12.39  0.32  2.52%   

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 Three Year Return Analysis

HORIZON ACTIVE's Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
Three Year Return 
 = 
(Mean of Monthly Returns - 1) 
X  
100% 
More About Three Year Return | All Equity Analysis

Current HORIZON ACTIVE Three Year Return

    
  3.55 %  
Most of HORIZON ACTIVE's fundamental indicators, such as Three Year 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.
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Compare to competition

HORIZON ACTIVE Three Year Return Component Assessment

Based on the latest financial disclosure, HORIZON ACTIVE ASSET has a Three Year Return of 3.55%. This is much higher than that of the Horizon Investments family and significantly higher than that of the Tactical Allocation category. The three year return for all United States funds is notably lower than that of the firm.

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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%).
   Value   
       Instrument Type  

HORIZON Fundamentals

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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards HORIZON ACTIVE in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, HORIZON ACTIVE's short interest history, or implied volatility extrapolated from HORIZON ACTIVE options trading.

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

+0.74JPMJPMorgan Chase Fiscal Year End 13th of January 2023 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 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
Please continue to HORIZON ACTIVE Piotroski F Score and HORIZON ACTIVE Altman Z Score analysis. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

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When running HORIZON ACTIVE ASSET price analysis, check to measure HORIZON ACTIVE's 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 ACTIVE is operating at the current time. Most of HORIZON ACTIVE's value examination focuses on studying past and present price action to predict the probability of HORIZON ACTIVE's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move HORIZON ACTIVE's price. Additionally, you may evaluate how the addition of HORIZON ACTIVE to your portfolios can decrease your overall portfolio volatility.
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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.