Horizon Defensive Equity Fund Market Value
| USRTX Fund | USD 33.13 0.16 0.49% |
| Symbol | Horizon |
Horizon Defensive '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 Defensive'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 Defensive.
| 05/08/2025 |
| 08/06/2025 |
If you would invest 0.00 in Horizon Defensive on May 8, 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 Defensive over 90 days. Horizon Defensive is related to or competes with Transamerica Funds, Shelton Funds, Nasdaq 100, Ab Value, Qs Growth, and T Rowe. The fund seeks to achieve its investment objective by investing primarily in large and mid-cap U.S More
Horizon Defensive 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 Defensive'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 Defensive Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.457 | |||
| Information Ratio | 0.061 | |||
| Maximum Drawdown | 3.46 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 1.08 |
Horizon Defensive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Defensive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizon Defensive's standard deviation. In reality, there are many statistical measures that can use Horizon Defensive historical prices to predict the future Horizon Defensive's volatility.| Risk Adjusted Performance | 0.1756 | |||
| Jensen Alpha | 0.1492 | |||
| Total Risk Alpha | 0.057 | |||
| Sortino Ratio | 0.0848 | |||
| Treynor Ratio | (0.83) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Horizon Defensive'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.
Horizon Defensive Equity Backtested Returns
At this stage we consider Horizon Mutual Fund to be very steady. Horizon Defensive Equity holds Efficiency (Sharpe) Ratio of 0.23, which attests that the entity had a 0.23 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Horizon Defensive Equity, which you can use to evaluate the volatility of the entity. Please check out Horizon Defensive's Market Risk Adjusted Performance of (0.82), risk adjusted performance of 0.1756, and Downside Deviation of 0.457 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. The fund retains a Market Volatility (i.e., Beta) of -0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Horizon Defensive are expected to decrease at a much lower rate. During the bear market, Horizon Defensive is likely to outperform the market.
Auto-correlation | 0.76 |
Good predictability
Horizon Defensive Equity has good predictability. Overlapping area represents the amount of predictability between Horizon Defensive time series from 8th of May 2025 to 22nd of June 2025 and 22nd of June 2025 to 6th of August 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 0.76 indicates that around 76.0% of current Horizon Defensive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Horizon Defensive Equity lagged returns against current returns
Autocorrelation, which is Horizon Defensive 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 Defensive's mutual fund expected returns. We can calculate the autocorrelation of Horizon Defensive returns to help us make a trade decision. For example, suppose you find that Horizon Defensive 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 Defensive 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 Defensive mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizon Defensive 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 Defensive mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Horizon Defensive Lagged Returns
When evaluating Horizon Defensive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizon Defensive mutual fund have on its future price. Horizon Defensive 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 Defensive autocorrelation shows the relationship between Horizon Defensive 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 Defensive 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 Defensive security.
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