Leah Hunt-Hendrix Worth - Worth Magazine
| HNDRX Fund | USD 78.06 0.48 0.61% |
Slightly above 61% of Horizon Defined's investor base is looking to short. The analysis of overall sentiment of trading Horizon Defined Risk mutual fund suggests that many investors are alarmed at this time. Horizon Defined's investing sentiment can be driven by a variety of factors including economic data, Horizon Defined's earnings reports, geopolitical events, and overall market trends.
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Horizon Defined Fundamental Analysis
We analyze Horizon Defined's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Horizon Defined using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Horizon Defined based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Horizon Defined is currently under evaluation in probability of bankruptcy among similar funds. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Horizon Defined Risk Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Horizon Defined mutual fund to make a market-neutral strategy. Peer analysis of Horizon Defined could also be used in its relative valuation, which is a method of valuing Horizon Defined by comparing valuation metrics with similar companies.
Peers
Horizon Defined Related Equities
| HADRX | Horizon Defined | 0.61 |
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| USRAX | Horizon Defensive | 0.81 |
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| USRTX | Horizon Defensive | 0.84 |
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| ACRIX | Horizon Active | 0.85 |
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| ARAAX | Horizon Active | 0.86 |
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| ARANX | Horizon Active | 0.86 |
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| HADUX | Horizon Active | 0.88 |
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| AAANX | Horizon Active | 0.89 |
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| HNDDX | Horizon Active | 0.90 |
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Other Information on Investing in Horizon Mutual Fund
Horizon Defined 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 Defined security.
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |