Horizon Technology Finance Stock Statistic Functions Pearson Correlation Coefficient

HRZN Stock  USD 9.28  0.01  0.11%   
Horizon Technology statistic functions tool provides the execution environment for running the Pearson Correlation Coefficient function and other technical functions against Horizon Technology. Horizon Technology value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Pearson Correlation Coefficient function function is designed to identify and follow existing trends. Horizon Technology statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

Function
Time Period
Execute Function
The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Pearsons Correlation Coefficient is one of the most common measures of correlation in financial statistics. It shows the linear relationship between price series of Horizon Technology and its benchmark or peer.

Horizon Technology Technical Analysis Modules

Most technical analysis of Horizon Technology 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 other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Horizon Technology Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Horizon Technology Finance. We use our internally-developed statistical techniques to arrive at the intrinsic value of Horizon Technology Finance based on widely used predictive technical indicators. In general, we focus on analyzing Horizon Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Horizon Technology's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Horizon Technology's intrinsic value. In addition to deriving basic predictive indicators for Horizon Technology, we also check how macroeconomic factors affect Horizon Technology price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2021 2022 2023 (projected)
PTB Ratio1.30.91.26
Dividend Yield0.0770.10.0994
Hype
Prediction
LowEstimatedHigh
8.309.2510.20
Details
Intrinsic
Valuation
LowRealHigh
8.3411.0512.00
Details
Naive
Forecast
LowNextHigh
7.998.949.89
Details
8 Analysts
Consensus
LowTargetHigh
11.2712.3813.74
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Horizon Technology. Your research has to be compared to or analyzed against Horizon Technology's peers to derive any actionable benefits. When done correctly, Horizon Technology'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 Technology.
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 Technology 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 Technology's short interest history, or implied volatility extrapolated from Horizon Technology options trading.

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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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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
1.37
Earnings Share
(0.15)
Revenue Per Share
3.009
Quarterly Revenue Growth
(0.16)
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.