HORIZON Mutual Fund Manager Performance Evaluation

AAANX Fund  USD 12.72  0.21  1.62%   
The fund retains a Market Volatility (i.e., Beta) of 1.0249, which attests to a somewhat significant risk relative to the market. HORIZON ACTIVE returns are very sensitive to returns on the market. As the market goes up or down, HORIZON ACTIVE is expected to follow. Although it is important to respect HORIZON ACTIVE ASSET current price history, it is better to be realistic regarding the information on the equity's current price movements. Our main approach towards determining future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing HORIZON ACTIVE ASSET technical indicators, you can now evaluate if the expected return of 0.0072% will be sustainable into the future.

HORIZON Performance

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Over the last 90 days HORIZON ACTIVE ASSET has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, HORIZON ACTIVE is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
Fifty Two Week Low11.06
Fifty Two Week High16.64
Annual Report Expense Ratio1.51%

HORIZON ACTIVE Relative Risk vs. Return Landscape

If you would invest  1,268  in HORIZON ACTIVE ASSET on June 26, 2023 and sell it today you would earn a total of  4.00  from holding HORIZON ACTIVE ASSET or generate 0.32% return on investment over 90 days. HORIZON ACTIVE ASSET is currently producing 0.0072% returns and takes up 0.6803% volatility of returns over 90 trading days. Put another way, 5% of traded mutual funds are less volatile than HORIZON, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
  Expected Return   
Assuming the 90 days horizon HORIZON ACTIVE is expected to generate 1.13 times more return on investment than the market. However, the company is 1.13 times more volatile than its market benchmark. It trades about 0.01 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.01 per unit of risk.

HORIZON ACTIVE Current Valuation

Fairly Valued
Today 12.72
Please note that HORIZON ACTIVE's price fluctuation is very steady at this time. HORIZON ACTIVE ASSET retains a regular Real Value of $12.82 per share. The prevalent price of the fund is $12.72. At this time, the entity appears to be fairly valued. We determine the value of HORIZON ACTIVE ASSET from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we encourage acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point future time, mutual fund prices and their ongoing real values will come together.
Our valuation method for HORIZON ACTIVE ASSET is useful when determining the fair value of the HORIZON mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of HORIZON ACTIVE. Since HORIZON ACTIVE is currently traded on the exchange, buyers and sellers on that exchange determine the market value of HORIZON Mutual Fund. However, HORIZON ACTIVE's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
Real Value
Estimating the potential upside or downside of HORIZON ACTIVE ASSET helps investors to forecast how HORIZON mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of HORIZON ACTIVE more accurately as focusing exclusively on HORIZON ACTIVE's fundamentals will not take into account other important factors:

HORIZON ACTIVE Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for HORIZON ACTIVE's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as HORIZON ACTIVE ASSET, and traders can use it to determine the average amount a HORIZON ACTIVE's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0106

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Estimated Market Risk

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95% of assets are more volatile

Expected Return

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Most of other assets have higher returns

Risk-Adjusted Return

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Most of other assets perform better
Based on monthly moving average HORIZON ACTIVE is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of HORIZON ACTIVE by adding it to a well-diversified portfolio.

HORIZON ACTIVE Fundamentals Growth

HORIZON Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of HORIZON ACTIVE, and HORIZON ACTIVE fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on HORIZON Mutual Fund performance.

About HORIZON ACTIVE Performance

To evaluate HORIZON ACTIVE ASSET Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when HORIZON ACTIVE generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare HORIZON Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand HORIZON ACTIVE ASSET market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents HORIZON's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
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.

Things to note about HORIZON ACTIVE ASSET performance evaluation

Checking the ongoing alerts about HORIZON ACTIVE for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for HORIZON ACTIVE ASSET help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
HORIZON ACTIVE ASSET is unlikely to experience financial distress in the next 2 years
The fund holds 99.15% of its assets under management (AUM) in equities
Evaluating HORIZON ACTIVE's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate HORIZON ACTIVE's mutual fund performance include:
  • Analyzing HORIZON ACTIVE's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether HORIZON ACTIVE's stock is overvalued or undervalued compared to its peers.
  • Examining HORIZON ACTIVE's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating HORIZON ACTIVE's management team can have a significant impact on its success or failure. Reviewing the track record and experience of HORIZON ACTIVE's management team can help you assess the Mutual Fund's leadership.
  • Pay attention to analyst opinions and ratings of HORIZON ACTIVE's mutual fund. These opinions can provide insight into HORIZON ACTIVE's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating HORIZON ACTIVE's mutual fund performance is not an exact science, and many factors can impact HORIZON ACTIVE's mutual fund market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in HORIZON ACTIVE ASSET. Also, note that the market value of any Mutual Fund could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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When running HORIZON ACTIVE's 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 the 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 if HORIZON ACTIVE is a good investment 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.