Horizon Technology Finance Stock Market Value
| HRZN Stock | USD 11.43 0.06 0.52% |
| Symbol | Horizon |
Horizon Technology Price To Book Ratio
Is Horizon Technology'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 Technology. 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 Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.98) | Dividend Share 1.32 | Earnings Share (0.56) | Revenue Per Share 3.665 | Quarterly Revenue Growth 0.218 |
The market value of Horizon Technology 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 Technology's value that differs from its market value or its book value, called intrinsic value, which is Horizon Technology'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 Technology's market value can be influenced by many factors that don't directly affect Horizon Technology'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 Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Horizon Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horizon Technology'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 Technology '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 Technology's 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 Technology.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Horizon Technology on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Horizon Technology Finance or generate 0.0% return on investment in Horizon Technology over 30 days. Horizon Technology is related to or competes with Gladstone Capital, Gladstone Investment, Prospect Capital, Stellus Capital, WhiteHorse Finance, PennantPark Floating, and Fidus Investment. Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in de... More
Horizon Technology 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 Technology's 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 Technology Finance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 9.91 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 1.52 |
Horizon Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizon Technology's standard deviation. In reality, there are many statistical measures that can use Horizon Technology historical prices to predict the future Horizon Technology's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.36) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Horizon Technology'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 Technology Backtested Returns
Horizon Technology holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Horizon Technology exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Horizon Technology's Standard Deviation of 1.31, risk adjusted performance of (0.05), and Market Risk Adjusted Performance of (0.35) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Horizon Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Horizon Technology is expected to be smaller as well. Horizon Technology has an expected return of -0.17%. Please make sure to check out Horizon Technology total risk alpha, accumulation distribution, as well as the relationship between the Accumulation Distribution and period momentum indicator , to decide if Horizon Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Horizon Technology Finance has virtually no predictability. Overlapping area represents the amount of predictability between Horizon Technology time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Technology price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Horizon Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Horizon Technology lagged returns against current returns
Autocorrelation, which is Horizon Technology 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 Technology's stock expected returns. We can calculate the autocorrelation of Horizon Technology returns to help us make a trade decision. For example, suppose you find that Horizon Technology 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Horizon Technology 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 Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizon Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Horizon Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Horizon Technology Lagged Returns
When evaluating Horizon Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizon Technology stock have on its future price. Horizon Technology 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 Technology autocorrelation shows the relationship between Horizon Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Horizon Technology Finance.
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 Technology 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 Technology's short interest history, or implied volatility extrapolated from Horizon Technology options trading.
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Try AI Portfolio ArchitectCheck out Horizon Technology Correlation, Horizon Technology Volatility and Horizon Technology Alpha and Beta module to complement your research on Horizon Technology. Note that the Horizon Technology information on this page should be used as a complementary analysis to other Horizon Technology'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 the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Horizon Stock analysis
When running Horizon Technology's price analysis, check to measure Horizon Technology'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 Technology is operating at the current time. Most of Horizon Technology's value examination focuses on studying past and present price action to predict the probability of Horizon Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Horizon Technology's price. Additionally, you may evaluate how the addition of Horizon Technology to your portfolios can decrease your overall portfolio volatility.
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Horizon Technology technical 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.