Horizon OTC Stock Market Value

HRRB -  USA Stock  

USD 8.80  0.05  0.56%

Horizon Bancorp's market value is the price at which a share of Horizon Bancorp stock trades on a public exchange. It measures the collective expectations of Horizon Bancorp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Horizon Bancorp and determine expected loss or profit from investing in Horizon Bancorp over a given investment horizon. Please check Horizon Bancorp Hype Analysis, Horizon Bancorp Correlation, Horizon Bancorp Valuation, Horizon Bancorp Volatility, as well as analyze Horizon Bancorp Alpha and Beta and Horizon Bancorp Performance.
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Backtest


Is Horizon Bancorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Horizon Bancorp. If investors know Horizon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Horizon Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Horizon Bancorp is measured differently than its book value, which is the value of Horizon that is recorded on the company's balance sheet. Investors also form their own opinion of Horizon Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Horizon Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Horizon Bancorp's market value can be influenced by many factors that don't directly affect Horizon Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Horizon Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine Horizon Bancorp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horizon Bancorp'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.

Horizon Bancorp '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 Bancorp's otc stock 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 Bancorp.
0.00
12/14/2019
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/03/2021
0.00
If you would invest  0.00  in Horizon Bancorp on December 14, 2019 and sell it all today you would earn a total of 0.00 from holding Horizon Bancorp or generate 0.0% return on investment in Horizon Bancorp over 720 days. Horizon Bancorp is related to or competes with Hdfc Bank, PNC Bank, US Bancorp, China Merchants, and China Merchants. Horizon Bancorp, Inc. operates as the bank holding company for Horizon Community Bank that provides various banking serv...

Horizon Bancorp 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 Bancorp's otc stock 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 Bancorp upside and downside potential and time the market with a certain degree of confidence.

Horizon Bancorp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizon Bancorp's standard deviation. In reality, there are many statistical measures that can use Horizon Bancorp historical prices to predict the future Horizon Bancorp's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Horizon Bancorp'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. Please use the tools below to analyze the current value of Horizon Bancorp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
7.768.809.84
Details
Intrinsic
Valuation
LowReal ValueHigh
7.558.599.63
Details
Naive
Forecast
LowNext ValueHigh
7.868.919.95
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.778.848.91
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Horizon Bancorp. Your research has to be compared to or analyzed against Horizon Bancorp's peers to derive any actionable benefits. When done correctly, Horizon Bancorp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Horizon Bancorp.

Horizon Bancorp Backtested Returns

We consider Horizon Bancorp not too volatile. Horizon Bancorp holds Efficiency (Sharpe) Ratio of 0.0782, which attests that the entity had 0.0782% of return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Horizon Bancorp, which you can use to evaluate the future volatility of the firm. Please check out Horizon Bancorp risk adjusted performance of 0.0339, and Market Risk Adjusted Performance of (0.92) to validate if the risk estimate we provide is consistent with the expected return of 0.0816%.
Horizon Bancorp has performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0326, which attests to not very significant fluctuations relative to the market. Let's try to break down what Horizon's beta means in this case. As returns on the market increase, returns on owning Horizon Bancorp are expected to decrease at a much lower rate. During the bear market, Horizon Bancorp is likely to outperform the market. Although it is extremely important to respect Horizon Bancorp current price history, it is better to be realistic regarding the information on equity current price movements. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By evaluating Horizon Bancorp technical indicators, you can presently evaluate if the expected return of 0.0816% will be sustainable into the future. Horizon Bancorp right now retains a risk of 1.04%. Please check out Horizon Bancorp variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Horizon Bancorp will be following its current trending patterns.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.66)   

Very good reverse predictability

Horizon Bancorp has very good reverse predictability. Overlapping area represents the amount of predictability between Horizon Bancorp time series from 14th of December 2019 to 8th of December 2020 and 8th of December 2020 to 3rd of December 2021. 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 Bancorp price movement. The serial correlation of -0.66 indicates that around 66.0% of current Horizon Bancorp price fluctuation can be explain by its past prices. Given that Horizon Bancorp has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Horizon Bancorp for similar time interval.
Correlation Coefficient-0.66
Spearman Rank Test0.03
Residual Average0.0
Price Variance0.8

Horizon Bancorp lagged returns against current returns

Autocorrelation, which is Horizon Bancorp otc stock'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 Bancorp's otc stock expected returns. We can calculate the autocorrelation of Horizon Bancorp returns to help us make a trade decision. For example, suppose you find that Horizon Bancorp otc stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

Horizon Bancorp 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 Bancorp otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizon Bancorp otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Horizon Bancorp otc stock over time.
 Current vs Lagged Prices 
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      Timeline 

Horizon Bancorp Lagged Returns

When evaluating Horizon Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizon Bancorp otc stock have on its future price. Horizon Bancorp 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 Bancorp autocorrelation shows the relationship between Horizon Bancorp otc stock current value and its past values and can show if there is a momentum factor associated with investing in Horizon Bancorp.
 Regressed Prices 
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      Timeline 

Horizon Bancorp Investors Sentiment

The influence of Horizon Bancorp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Horizon. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
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 Bancorp 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 Bancorp's short interest history, or implied volatility extrapolated from Horizon Bancorp options trading.

Current Sentiment - HRRB

Horizon Bancorp Investor Sentiment

Macroaxis portfolio users are indifferent in their judgment towards investing in Horizon Bancorp. What is your judgment towards investing in Horizon Bancorp? Are you bullish or bearish?
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Bearish
50% Bullish
50% Bearish
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Please check Horizon Bancorp Hype Analysis, Horizon Bancorp Correlation, Horizon Bancorp Valuation, Horizon Bancorp Volatility, as well as analyze Horizon Bancorp Alpha and Beta and Horizon Bancorp Performance. Note that the Horizon Bancorp information on this page should be used as a complementary analysis to other Horizon Bancorp'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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for Horizon OTC Stock analysis

When running Horizon Bancorp price analysis, check to measure Horizon Bancorp'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 Bancorp is operating at the current time. Most of Horizon Bancorp's value examination focuses on studying past and present price action to predict the probability of Horizon Bancorp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Horizon Bancorp's price. Additionally, you may evaluate how the addition of Horizon Bancorp to your portfolios can decrease your overall portfolio volatility.
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Horizon Bancorp technical otc stock 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, stock market cycles, or different charting patterns.
A focus of Horizon Bancorp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Horizon Bancorp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...