Horizon Defensive Equity Fund Market Value
| USRAX Fund | USD 32.56 0.05 0.15% |
| Symbol | Horizon |
Horizon Us '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 Us' 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 Us.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in Horizon Us on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding Horizon Defensive Equity or generate 0.0% return on investment in Horizon Us over 90 days. Horizon Us is related to or competes with Guggenheim Risk, Tiaa-cref Real, Amg Managers, Tiaa Cref, Dunham Real, and Tcw Global. The fund seeks to achieve its investment objective by investing primarily in large and mid-cap U.S More
Horizon Us 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 Us' 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 Defensive Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5058 | |||
| Information Ratio | 0.0774 | |||
| Maximum Drawdown | 3.46 | |||
| Value At Risk | (0.74) | |||
| Potential Upside | 1.4 |
Horizon Us Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Us' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizon Us' standard deviation. In reality, there are many statistical measures that can use Horizon Us historical prices to predict the future Horizon Us' volatility.| Risk Adjusted Performance | 0.2805 | |||
| Jensen Alpha | 0.1198 | |||
| Total Risk Alpha | 0.0922 | |||
| Sortino Ratio | 0.0978 | |||
| Treynor Ratio | 0.3843 |
Horizon Defensive Equity Backtested Returns
Horizon Us appears to be very steady, given 3 months investment horizon. Horizon Defensive Equity holds Efficiency (Sharpe) Ratio of 0.31, which attests that the entity had a 0.31 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Horizon Defensive Equity, which you can use to evaluate the volatility of the entity. Please utilize Horizon Us' Market Risk Adjusted Performance of 0.3943, coefficient of variation of 326.94, and Risk Adjusted Performance of 0.2805 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Horizon Us' returns are expected to increase less than the market. However, during the bear market, the loss of holding Horizon Us is expected to be smaller as well.
Auto-correlation | 0.86 |
Very good predictability
Horizon Defensive Equity has very good predictability. Overlapping area represents the amount of predictability between Horizon Us time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 2025. 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 Defensive Equity price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Horizon Us price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Horizon Defensive Equity lagged returns against current returns
Autocorrelation, which is Horizon Us 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 Us' mutual fund expected returns. We can calculate the autocorrelation of Horizon Us returns to help us make a trade decision. For example, suppose you find that Horizon Us 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 Us 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 Us mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizon Us 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 Us mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Horizon Us Lagged Returns
When evaluating Horizon Us' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizon Us mutual fund have on its future price. Horizon Us 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 Us autocorrelation shows the relationship between Horizon Us mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Horizon Defensive Equity.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Horizon Mutual Fund
Horizon Us financial ratios help investors to determine whether Horizon Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Horizon with respect to the benefits of owning Horizon Us security.
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