Horizon Technology Finance Stock Three Year Return
| HRZN Stock | USD 9.29 0.05 0.54% |
Horizon Technology Finance fundamentals help investors to digest information that contributes to Horizon Technology's financial success or failures. It also enables traders to predict the movement of Horizon Stock. The fundamental analysis module provides a way to measure Horizon Technology's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Horizon Technology stock.
Horizon | Three Year Return |
Horizon Technology Finance Company Three Year Return Analysis
Horizon Technology's Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
More About Three Year Return | All Equity Analysis
Three Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Horizon Three Year Return Driver Correlations
Understanding the fundamental principles of building solid financial models for Horizon Technology is extremely important. It helps to project a fair market value of Horizon Stock properly, considering its historical fundamentals such as Three Year Return. Since Horizon Technology's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Horizon Technology's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Horizon Technology's interrelated accounts and indicators.
Click cells to compare fundamentals
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
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Based on the latest financial disclosure, Horizon Technology Finance has a Three Year Return of 0.0%. This indicator is about the same for the Capital Markets average (which is currently at 0.0) sector and about the same as Financials (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).
Horizon Three Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Horizon Technology's direct or indirect competition against its Three Year Return to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Horizon Technology could also be used in its relative valuation, which is a method of valuing Horizon Technology by comparing valuation metrics of similar companies.Horizon Technology is currently under evaluation in three year return category among its peers.
Horizon Fundamentals
| Return On Equity | -0.0112 | |||
| Return On Asset | 0.0676 | |||
| Profit Margin | (0.04) % | |||
| Operating Margin | 0.82 % | |||
| Current Valuation | 735.27 M | |||
| Shares Outstanding | 38.06 M | |||
| Shares Owned By Insiders | 1.29 % | |||
| Shares Owned By Institutions | 7.07 % | |||
| Number Of Shares Shorted | 984.64 K | |||
| Price To Earning | 18.29 X | |||
| Price To Book | 1.03 X | |||
| Price To Sales | 3.38 X | |||
| Revenue | (9.87 M) | |||
| Gross Profit | 79.19 M | |||
| EBITDA | 11.94 M | |||
| Net Income | (17.18 M) | |||
| Cash And Equivalents | 54.35 M | |||
| Cash Per Share | 2.14 X | |||
| Total Debt | 462.24 M | |||
| Debt To Equity | 1.25 % | |||
| Current Ratio | 5.21 X | |||
| Book Value Per Share | 9.06 X | |||
| Cash Flow From Operations | 50.07 M | |||
| Short Ratio | 1.74 X | |||
| Earnings Per Share | (0.15) X | |||
| Price To Earnings To Growth | 2.07 X | |||
| Target Price | 9.82 | |||
| Beta | 1.23 | |||
| Market Capitalization | 353.6 M | |||
| Total Asset | 802.36 M | |||
| Retained Earnings | (127 M) | |||
| Annual Yield | 0.14 % | |||
| Five Year Return | 9.84 % | |||
| Net Asset | 802.36 M | |||
| Last Dividend Paid | 1.32 |
About Horizon Technology Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Horizon Technology Finance's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Horizon Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Horizon Technology Finance based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 together with Horizon Stock
Moving against Horizon Stock
| 0.87 | DIST | Distoken Acquisition | PairCorr |
| 0.84 | MA | Mastercard | PairCorr |
| 0.83 | V | Visa Class A | PairCorr |
| 0.8 | DYCQ | DT Cloud Acquisition | PairCorr |
| 0.54 | TETEU | Technology Telecommunicatio | 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.Check out Horizon Technology Piotroski F Score and Horizon Technology Altman Z Score analysis. You can also try the Stocks Directory module to find actively traded stocks across global markets.
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 (0.15) | 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.