Horizon OTC Stock Performance

HRRB -  USA Stock  

USD 8.70  0.05  0.58%

Horizon Bancorp has performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.646, which attests to possible diversification benefits within a given portfolio. 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 0.0604% will be sustainable into the future. Horizon Bancorp right now retains a risk of 1.06%. Please check out Horizon Bancorp semi variance, and the relationship between the maximum drawdown and daily balance of power to decide if Horizon Bancorp will be following its current trending patterns.

Horizon O TC Stock Performance 

 Horizon Performance
4 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Horizon Bancorp are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, Horizon Bancorp is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more

Horizon Price Channel

Fifty Two Week Low4.63
Fifty Two Week High9.49

Horizon Bancorp Relative Risk vs. Return Landscape

If you would invest  840.00  in Horizon Bancorp on July 25, 2021 and sell it today you would earn a total of  30.00  from holding Horizon Bancorp or generate 3.57% return on investment over 90 days. Horizon Bancorp is currently generating 0.0604% in daily expected returns and assumes 1.0644% risk (volatility on return distribution) over the 90 days horizon. In different words, 9% of otc stocks are less volatile than Horizon, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 90 days Horizon Bancorp is expected to generate 1.49 times more return on investment than the market. However, the company is 1.49 times more volatile than its market benchmark. It trades about 0.06 of its potential returns per unit of risk. The DOW is currently generating roughly 0.04 per unit of risk.

Horizon Bancorp Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Bancorp's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Horizon Bancorp, and traders can use it to determine the average amount a Horizon Bancorp'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 = 0.0568

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Estimated Market Risk
  actual daily
 9 %
of total potential
Expected Return
  actual daily
 1 %
of total potential
Risk-Adjusted Return
  actual daily
 4 %
of total potential
Based on monthly moving average Horizon Bancorp is performing at about 4% 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 Bancorp by adding it to a well-diversified portfolio.

About Horizon Bancorp Performance

To evaluate Horizon Bancorp OTC Stock 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 Bancorp 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 OTC Stock'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 Bancorp stock market performance in a much more refined way. At Macroaxis, we take it even further. 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.
Horizon Bancorp, Inc. operates as the bank holding company for Horizon Community Bank that provides various banking services to commercial and consumer customers. It offers checking, savings, money market, certificates of deposit, and individual retirement accounts. The company also provides small business, small business administration guaranteed, business term, and business lines of credit loans personal, home construction, real estate lot, and overdraft protection loans and credit cards, as well as auto, recreational vehicle, and boat loans. In addition, it offers home mortgage loans, which include home equity loans and lines of credit. Further, the company provides online banking, merchant cards, and remote deposit capture services. It offers services in healthcare, transportation, real estate, and technology industries, as well as general commercial and consumer services. The company operates branches in Fort Mohave, Lake Havasu City, Mesa, Kingman, Parker, and Quartzsite and business loan offices in Goodyear and Phoenix. Horizon Bancorp, Inc. was founded in 2002 and is headquartered in Lake Havasu City, Arizona.

Things to note about Horizon Bancorp

Checking the ongoing alerts about Horizon Bancorp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Horizon Bancorp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Horizon Bancorp Alerts

Equity Alerts and Improvement Suggestions

Horizon Bancorp has high likelihood to experience some financial distress in the next 2 years
Latest headline from www.nasdaq.com: Should You Buy Horizon Bancorp After Golden Cross - Nasdaq
Please check Risk vs Return Analysis. 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 Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

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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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 underlying business (such as 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.