Horizon Mutual Fund Technical Analysis

AAANX -  USA Fund  

USD 15.72  0.36  2.24%

As of the 16th of October 2021, Horizon Active retains the Market Risk Adjusted Performance of 0.041, downside deviation of 0.8392, and Risk Adjusted Performance of 0.0389. Horizon Active technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices. Simply put, you can use this information to find out if the entity will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Horizon Active Asset, which can be compared to its competitors. Please check out Horizon Active Asset standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if Horizon Active is priced fairly, providing market reflects its last-minute price of 15.72 per share.

Horizon Technical Analysis 

 
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Horizon Active technical mutual fund 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 Active technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Horizon Active 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...

Horizon Active Asset Technical Analysis

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The output start index for this execution was twenty-three with a total number of output elements of thirty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Horizon Active Asset volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

Horizon Active Asset Trend Analysis

Use this graph to draw trend lines for Horizon Active Asset. You can use it to identify possible trend reversals for Horizon Active as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Horizon Active price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Horizon Active Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Horizon Active Asset applied against its price change over selected period. The best fit line has a slop of   -0.0042  , which may suggest that Horizon Active Asset market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.67, which is the sum of squared deviations for the predicted Horizon Active price change compared to its average price change.

About Horizon Active Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Horizon Active Asset on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Horizon Active Asset based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Horizon Active Asset stock first instead of the macroeconomic environment surrounding Horizon Active Asset. By analyzing Horizon Active's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Horizon Active's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Horizon Active specific price patterns or momentum indicators. Please read more on our technical analysis page.

Horizon Active October 16, 2021 Technical Indicators

Most technical analysis of Horizon help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Horizon from various momentum indicators to cycle indicators. When you analyze Horizon charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Horizon Active October 16, 2021 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Horizon stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please continue to Trending Equities. Note that the Horizon Active Asset information on this page should be used as a complementary analysis to other Horizon Active'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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Complementary Tools for Horizon Mutual Fund analysis

When running Horizon Active Asset 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 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 Horizon Active value 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.