Horizon Total Cash From Operating Activities vs Total Assets Analysis
| HRZN Stock | USD 10.65 0.03 0.28% |
Horizon Technology financial indicator trend analysis is much more than just examining Horizon Technology latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Horizon Technology is a good investment. Please check the relationship between Horizon Technology Total Cash From Operating Activities and its Total Assets accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Horizon Technology Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Total Cash From Operating Activities vs Total Assets
Total Cash From Operating Activities vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Horizon Technology Total Cash From Operating Activities account and Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Horizon Technology's Total Cash From Operating Activities and Total Assets is -0.25. Overlapping area represents the amount of variation of Total Cash From Operating Activities that can explain the historical movement of Total Assets in the same time period over historical financial statements of Horizon Technology Finance, assuming nothing else is changed. The correlation between historical values of Horizon Technology's Total Cash From Operating Activities and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Cash From Operating Activities of Horizon Technology Finance are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Total Cash From Operating Activities i.e., Horizon Technology's Total Cash From Operating Activities and Total Assets go up and down completely randomly.
Correlation Coefficient | -0.25 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Total Cash From Operating Activities
Total Assets
Total assets refers to the total amount of Horizon Technology assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Horizon Technology books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Horizon Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Horizon Technology current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Horizon Technology Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, Horizon Technology's Tax Provision is very stable compared to the past year. As of the 30th of September 2024, Sales General And Administrative To Revenue is likely to grow to 0.09, while Selling General Administrative is likely to drop about 3.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 28.2M | 41.1M | 11.9M | 18.9M | Other Operating Expenses | 5.1M | 4.8M | 71.8M | 75.4M |
Horizon Technology fundamental ratios Correlations
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Horizon Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Horizon Technology fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 344.0M | 407.2M | 514.0M | 766.8M | 802.4M | 842.5M | |
| Short Long Term Debt Total | 160.2M | 185.8M | 257.6M | 434.1M | 462.2M | 485.3M | |
| Other Current Liab | (4.7M) | (5.8M) | (6.4M) | (9.2M) | (58.9M) | (56.0M) | |
| Total Current Liabilities | 4.7M | 5.8M | 6.4M | 9.2M | 58.9M | 48.8M | |
| Total Stockholder Equity | 184.1M | 212.6M | 245.3M | 318.4M | 324.0M | 189.8M | |
| Net Debt | 145.6M | 166.3M | 219.6M | 413.5M | 389.2M | 408.6M | |
| Retained Earnings | (42.6M) | (58.7M) | (56.0M) | (67.5M) | (127.0M) | (120.7M) | |
| Accounts Payable | 4.7M | 5.8M | 6.4M | 9.2M | 11.0M | 11.6M | |
| Cash | 6.5M | 19.5M | 38.1M | 20.6M | 73.1M | 76.7M | |
| Non Current Assets Total | 329.3M | 379.7M | 465.9M | 727.1M | 739.2M | 776.1M | |
| Non Currrent Assets Other | (344.0M) | (407.2M) | (514.0M) | (766.8M) | (772.3M) | (733.7M) | |
| Other Assets | 2.7M | 3.0M | 3.8M | 5.5M | 802.4M | 842.5M | |
| Cash And Short Term Investments | 6.5M | 19.5M | 38.1M | 20.6M | 75.7M | 79.5M | |
| Net Receivables | 5.5M | 4.9M | 6.2M | 13.6M | 13.9M | 10.2M | |
| Common Stock Shares Outstanding | 13.5M | 17.5M | 20.0M | 24.7M | 31.0M | 32.5M | |
| Liabilities And Stockholders Equity | 344.0M | 407.2M | 514.0M | 766.8M | 802.4M | 842.5M | |
| Non Current Liabilities Total | 152.1M | 185.8M | 257.6M | 9.2M | 430.4M | 452.0M | |
| Other Stockholder Equity | 226.7M | 271.3M | 301.4M | 385.9M | 450.9M | 473.5M | |
| Total Liab | 159.9M | 194.6M | 268.6M | 448.4M | 478.4M | 502.3M | |
| Total Current Assets | 12.0M | 24.4M | 44.2M | 34.2M | 63.2M | 66.4M | |
| Common Stock | 16K | 19K | 22K | 29K | 36K | 34.2K | |
| Net Tangible Assets | 184.1M | 212.6M | 245.3M | 318.4M | 366.2M | 203.7M | |
| Long Term Investments | 329.3M | 379.7M | 465.9M | 727.1M | 735.5M | 413.4M | |
| Net Invested Capital | 336.1M | 398.4M | 502.9M | 752.5M | 786.2M | 513.3M | |
| Capital Stock | 16K | 19K | 22K | 29K | 36K | 24.6K |
Pair Trading with Horizon Technology
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 Technology 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 Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Horizon Stock
| 0.83 | MA | Mastercard | PairCorr |
| 0.58 | DX | Dynex Capital | PairCorr |
| 0.55 | BN | Brookfield Corp | PairCorr |
| 0.55 | BX | Blackstone Group Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.52 | AB | AllianceBernstein | PairCorr |
The ability to find closely correlated positions to Horizon Technology 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 Technology 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 Technology - 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 Technology Finance to buy it.
The correlation of Horizon Technology 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 Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Horizon Technology 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 Technology 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.Additional Information and Resources on Investing in Horizon Stock
When determining whether Horizon Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Horizon Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Horizon Technology Finance Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Horizon Technology Finance Stock:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Horizon Technology Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Horizon Technology. If investors know Horizon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Horizon Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.371 | Dividend Share 1.32 | Earnings Share (0.76) | Revenue Per Share 3.237 | Quarterly Revenue Growth (0.09) |
The market value of Horizon Technology 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 Technology's value that differs from its market value or its book value, called intrinsic value, which is Horizon Technology'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 Technology's market value can be influenced by many factors that don't directly affect Horizon Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Horizon Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Horizon Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horizon Technology'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.