Horizon Technology Correlations

HTFB Stock

USD 24.50 0.35 1.41%

The current 90-days correlation between Horizon Technology and Oxford Lane Capital is 0.13 (i.e., Average diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Horizon Technology Correlation With Market

Significant diversification

The correlation between Horizon Technology Finance and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Horizon Technology Finance and DJI in the same portfolio, assuming nothing else is changed.

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 census.

Moving together with Horizon Stock

0.63

Lexinfintech Holdings

Pair Corr

Moving against Horizon Stock

0.73	WD	Walker Dunlop	Pair Corr
0.63	XP	Xp Inc	Pair Corr
0.51	DHIL	Diamond Hill Investment	Pair Corr
0.35	PT	Pintec Technology	Pair Corr

Related Correlations Analysis

	OXSQZ	OXLCL	RILYK	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3
OXSQZ		-0.67	0.79	-0.23	-0.31	0.06	0.79	-0.14	0.55	0.73	OXSQZ
OXLCL	-0.67		-0.87	0.26	0.38	-0.06	-0.73	0.22	-0.53	-0.87	OXLCL
RILYK	0.79	-0.87		-0.29	-0.34	0.13	0.79	-0.15	0.58	0.84	RILYK
AQUI	-0.23	0.26	-0.29		0.91	0.56	-0.6	0.82	-0.74	-0.13	AQUI
MSTSX	-0.31	0.38	-0.34	0.91		0.68	-0.69	0.93	-0.84	-0.24	MSTSX
LBHIX	0.06	-0.06	0.13	0.56	0.68		-0.2	0.81	-0.42	0.19	LBHIX
VIASP	0.79	-0.73	0.79	-0.6	-0.69	-0.2		-0.52	0.89	0.71	VIASP
RRTLX	-0.14	0.22	-0.15	0.82	0.93	0.81	-0.52		-0.73	-0.06	RRTLX
OSHDF	0.55	-0.53	0.58	-0.74	-0.84	-0.42	0.89	-0.73		0.45	OSHDF
70082LAB3	0.73	-0.87	0.84	-0.13	-0.24	0.19	0.71	-0.06	0.45		70082LAB3
	OXSQZ	OXLCL	RILYK	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RRTLX	+ 0.93	MSTSX
MSTSX	+ 0.91	AQUI
OSHDF	+ 0.89	VIASP
70082LAB3	+ 0.84	RILYK
RRTLX	+ 0.82	AQUI
RRTLX	+ 0.81	LBHIX

High negative correlations

70082LAB3	- 0.87	OXLCL
RILYK	- 0.87	OXLCL
OSHDF	- 0.84	MSTSX
OSHDF	- 0.74	AQUI
OSHDF	- 0.73	RRTLX
VIASP	- 0.73	OXLCL

Risk-Adjusted Indicators

There is a big difference between Horizon Stock performing well and Horizon Technology Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Horizon Technology's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OXSQZ	0.23	0.01	0.02	0.69	0.23	(0.37)	0.61	(0.61)	1.54
OXLCL	0.30	(0.06)	0.00	1.07	0.00	0.00	0.51	(0.70)	3.03
RILYK	1.48	0.29	0.16	(3.09)	1.57	(1.91)	2.96	(2.49)	20.17
AQUI	2.79	(1.42)	0.00	0.72	0.00	0.00	0.00	0.00	93.33
MSTSX	0.57	(0.21)	0.00	(5.54)	0.00	0.00	0.85	(1.18)	6.73
LBHIX	0.11	(0.02)	0.00	(1.18)	0.00	0.00	0.24	(0.24)	0.94
VIASP	0.73	0.21	0.18	(1.91)	0.85	(0.85)	2.01	(1.10)	4.91
RRTLX	0.27	(0.09)	0.00	(1.44)	0.00	0.00	0.48	(0.56)	3.47
OSHDF	46.68	24.07	0.00	(1.60)	0.00	0.00	0.00	0.00	1,329
70082LAB3	0.66	0.10	0.10	(0.76)	0.80	(0.83)	1.78	(0.78)	6.86

Horizon Technology Corporate Management

Daniel CFA	Chief VP	Profile
John Bombara	Senior Vice President General Counsel, Chief Compliance Officer, Secretary	Profile
CFA CFA	Chief VP	Profile
Todd McDonald	Southeast MidAtlantic	Profile
Edmund Mahoney	Lead Independent Director	Profile
Daniel CPA	CFO VP	Profile
Megan Bacon	Director Marketing	Profile

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