Horizon Active Five Year Return vs. Price to Book

AAANX Fund  USD 15.03  0.11  0.74%   
Based on the measurements of profitability obtained from Horizon Active's financial statements, Horizon Active Asset may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in April. Profitability indicators assess Horizon Active's ability to earn profits and add value for shareholders.
For Horizon Active profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Horizon Active to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Horizon Active Asset utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Horizon Active's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Horizon Active Asset over time as well as its relative position and ranking within its peers.
  
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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.

Horizon Active Asset Price to Book vs. Five Year Return Fundamental Analysis

Horizon Price to Book vs. Five Year Return

Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.

Horizon Active

Five Year Return

 = 

(Mean of Monthly Returns - 1)

X

100%

 = 
9.49 %
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.

Horizon Active

 = 
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Use Horizon Active in pair-trading

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.

Horizon Active Pair Trading

Horizon Active Asset Pair Trading Analysis

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 Asset 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 Asset 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Horizon Active position

In addition to having Horizon Active in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Israel Wall Street Thematic Idea Now

Israel Wall Street
Israel Wall Street Theme
Cross-sector collection of best publicly traded Israel entities that are expected to continue growing. The Israel Wall Street theme has 71 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Israel Wall Street Theme or any other thematic opportunities.
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You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Complementary Tools for Horizon Mutual Fund analysis

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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To fully project Horizon Active's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Horizon Active Asset at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Horizon Active's income statement, its balance sheet, and the statement of cash flows.
Potential Horizon Active investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Horizon Active investors may work on each financial statement separately, they are all related. The changes in Horizon Active's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Horizon Active's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.