Horizon Active Income Fund Market Value

AIHAX Fund  USD 8.19  0.02  0.24%   
Horizon Active's market value is the price at which a share of Horizon Active trades on a public exchange. It measures the collective expectations of Horizon Active Income investors about its performance. Horizon Active is trading at 8.19 as of the 28th of March 2024; that is 0.24 percent up since the beginning of the trading day. The fund's open price was 8.17.
With this module, you can estimate the performance of a buy and hold strategy of Horizon Active Income and determine expected loss or profit from investing in Horizon Active over a given investment horizon. Check out Horizon Active Correlation, Horizon Active Volatility and Horizon Active Alpha and Beta module to complement your research on Horizon Active.
Symbol

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 '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 Active's mutual fund 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 Active.
0.00
06/07/2022
No Change 0.00  0.0 
In 1 year 9 months and 23 days
03/28/2024
0.00
If you would invest  0.00  in Horizon Active on June 7, 2022 and sell it all today you would earn a total of 0.00 from holding Horizon Active Income or generate 0.0% return on investment in Horizon Active over 660 days. Horizon Active is related to or competes with State Farm, Horizon Us, Horizon Us, Horizon Defined, Horizon Active, Horizon Active, and Horizon Active. The fund seeks to achieve the funds investment objective by allocating assets across various sectors of the global secur... More

Horizon Active 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 Active's mutual fund 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 Active Income upside and downside potential and time the market with a certain degree of confidence.

Horizon Active Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Active's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizon Active's standard deviation. In reality, there are many statistical measures that can use Horizon Active historical prices to predict the future Horizon Active's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Horizon Active'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.
Hype
Prediction
LowEstimatedHigh
7.858.198.53
Details
Intrinsic
Valuation
LowRealHigh
7.848.188.52
Details
Naive
Forecast
LowNextHigh
7.828.168.50
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.168.188.20
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Horizon Active. Your research has to be compared to or analyzed against Horizon Active's peers to derive any actionable benefits. When done correctly, Horizon Active's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Horizon Active Income.

Horizon Active Income Backtested Returns

Horizon Active Income holds Efficiency (Sharpe) Ratio of -0.0107, which attests that the entity had a -0.0107% return per unit of risk over the last 24 months. Horizon Active Income exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Horizon Active's Market Risk Adjusted Performance of (0.11), risk adjusted performance of (0.03), and Standard Deviation of 0.4349 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Horizon Active's returns are expected to increase less than the market. However, during the bear market, the loss of holding Horizon Active is expected to be smaller as well.

Auto-correlation

    
  0.46  

Average predictability

Horizon Active Income has average predictability. Overlapping area represents the amount of predictability between Horizon Active time series from 7th of June 2022 to 3rd of May 2023 and 3rd of May 2023 to 28th of March 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 Active Income price movement. The serial correlation of 0.46 indicates that about 46.0% of current Horizon Active price fluctuation can be explain by its past prices.
Correlation Coefficient0.46
Spearman Rank Test-0.42
Residual Average0.0
Price Variance0.04

Horizon Active Income lagged returns against current returns

Autocorrelation, which is Horizon Active mutual fund'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 Active's mutual fund expected returns. We can calculate the autocorrelation of Horizon Active returns to help us make a trade decision. For example, suppose you find that Horizon Active has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Active 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 Active mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizon Active mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Horizon Active mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Horizon Active Lagged Returns

When evaluating Horizon Active's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizon Active mutual fund have on its future price. Horizon Active 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 Active autocorrelation shows the relationship between Horizon Active mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Horizon Active Income.
   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 Active 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 Active's short interest history, or implied volatility extrapolated from Horizon Active options trading.

Pair Trading with Horizon Active

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.
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 Income 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 Income 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
Check out Horizon Active Correlation, Horizon Active Volatility and Horizon Active Alpha and Beta module to complement your research on Horizon Active.
Note that the Horizon Active Income 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 the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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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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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, fund 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...