Horizon Active Risk Fund Market Value
| ACRIX Fund | USD 24.33 0.25 1.04% |
| Symbol | Horizon |
Horizon Active 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Horizon Active's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Horizon Active.
| 01/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Horizon Active on January 25, 2024 and sell it all today you would earn a total of 0.00 from holding Horizon Active Risk or generate 0.0% return on investment in Horizon Active over 90 days. Horizon Active is related to or competes with Horizon Active, Horizon Defined, Horizon Us, Horizon Us, Horizon Defined, and Horizon Active. The fund seeks to achieve its objective by using a multi-discipline active asset allocation investment approach More
Horizon Active Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Horizon Active's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Horizon Active Risk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6712 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.57 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 1.11 |
Horizon Active Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Active's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizon Active's standard deviation. In reality, there are many statistical measures that can use Horizon Active historical prices to predict the future Horizon Active's volatility.| Risk Adjusted Performance | 0.0561 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0556 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Horizon Active's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Horizon Active Risk Backtested Returns
We consider Horizon Active very steady. Horizon Active Risk holds Efficiency (Sharpe) Ratio of 0.068, which attests that the entity had a 0.068% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Horizon Active Risk, which you can use to evaluate the volatility of the entity. Please check out Horizon Active's Risk Adjusted Performance of 0.0561, downside deviation of 0.6712, and Market Risk Adjusted Performance of 0.0656 to validate if the risk estimate we provide is consistent with the expected return of 0.049%. The fund retains a Market Volatility (i.e., Beta) of 0.95, which attests to possible diversification benefits within a given portfolio. Horizon Active returns are very sensitive to returns on the market. As the market goes up or down, Horizon Active is expected to follow.
Auto-correlation | -0.65 |
Very good reverse predictability
Horizon Active Risk has very good reverse predictability. Overlapping area represents the amount of predictability between Horizon Active time series from 25th of January 2024 to 10th of March 2024 and 10th of March 2024 to 24th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Horizon Active Risk price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Horizon Active price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Horizon Active Risk lagged returns against current returns
Autocorrelation, which is Horizon Active mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Horizon Active's mutual fund expected returns. We can calculate the autocorrelation of Horizon Active returns to help us make a trade decision. For example, suppose you find that Horizon Active has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Horizon Active regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Horizon Active mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizon Active mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Horizon Active mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Horizon Active Lagged Returns
When evaluating Horizon Active's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizon Active mutual fund have on its future price. Horizon Active autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Horizon Active autocorrelation shows the relationship between Horizon Active mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Horizon Active Risk.
Regressed Prices |
| Timeline |
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 Mutual Fund
| 1.0 | ARANX | Horizon Active Risk | PairCorr |
| 1.0 | ARAAX | Horizon Active Risk | PairCorr |
| 0.99 | AAANX | Horizon Active Asset | PairCorr |
| 0.99 | USRAX | 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 Risk 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 Risk 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 Horizon Active Correlation, Horizon Active Volatility and Horizon Active Alpha and Beta module to complement your research on Horizon Active. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Horizon Active technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.