Horizon Historical Financial Ratios
| HRZN Stock | USD 9.34 0.05 0.54% |
Horizon Technology is recently reporting on over 83 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Book Value Per Share of 14.28 or Free Cash Flow Yield of 0.13 will help investors to properly organize and evaluate Horizon Technology financial condition quickly.
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About Horizon Financial Ratios Analysis
Horizon TechnologyFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Horizon Technology investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Horizon financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Horizon Technology history.
Horizon Technology Financial Ratios Chart
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Dividend Yield
Dividend Yield is Horizon Technology Finance dividend as a percentage of Horizon Technology stock price. Horizon Technology dividend yield is a measure of Horizon Technology stock productivity, which can be interpreted as interest rate earned on an Horizon Technology investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Research And Ddevelopement To Revenue
The ratio of a company's research and development expenses to its total revenue, indicating how much of the revenue is invested back into developing new products or services.Most ratios from Horizon Technology's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Horizon Technology current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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. At this time, Horizon Technology's Days Of Inventory On Hand is very stable compared to the past year. As of the 1st of December 2024, Payables Turnover is likely to grow to 2.06, though Price To Sales Ratio is likely to grow to (39.24).
| 2021 | 2022 | 2023 (projected) | PTB Ratio | 1.3 | 0.9 | 1.26 | Dividend Yield | 0.077 | 0.1 | 0.0994 |
Horizon Technology fundamentals Correlations
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Horizon Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Horizon Technology fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 8.18 | 22.47 | 9.58 | 10.77 | (41.3) | (39.24) | |
| Ptb Ratio | 0.95 | 1.09 | 1.3 | 0.9 | 1.26 | 1.17 | |
| Days Sales Outstanding | 94.76 | 174.73 | 67.52 | 185.95 | (514.94) | (489.19) | |
| Book Value Per Share | 13.66 | 12.12 | 12.25 | 12.88 | 10.47 | 14.28 | |
| Operating Cash Flow Per Share | (3.81) | (1.44) | (3.79) | (9.96) | 1.62 | 1.7 | |
| Pb Ratio | 0.95 | 1.09 | 1.3 | 0.9 | 1.26 | 1.17 | |
| Ev To Sales | 15.02 | 38.57 | 16.18 | 26.29 | (83.41) | (79.24) | |
| Free Cash Flow Per Share | (3.81) | (1.44) | (3.79) | (9.96) | 1.62 | 1.7 | |
| Roic | 0.058 | 0.0299 | 0.11 | 0.12 | (0.001986) | (0.001887) | |
| Net Income Per Share | 1.45 | 0.36 | 1.39 | 0.86 | (0.56) | (0.53) | |
| Days Of Inventory On Hand | 722.22 | 1.5K | 2.3E-5 | 804.6 | 724.14 | 760.34 | |
| Payables Turnover | 2.48 | 2.19 | 2.51 | 2.18 | 1.96 | 2.06 | |
| Sales General And Administrative To Revenue | 0.16 | 0.36 | 0.14 | 0.18 | (0.57) | (0.55) | |
| Cash Per Share | 1.29 | 1.17 | 1.97 | 0.95 | 1.51 | 1.72 | |
| Pocfratio | (3.39) | (9.18) | (4.2) | (1.16) | 8.14 | 8.55 | |
| Interest Coverage | 2.37 | 0.68 | 2.34 | 2.14 | (0.0462) | (0.0439) | |
| Payout Ratio | 0.8 | 3.35 | 0.88 | 1.41 | (2.36) | (2.24) | |
| Pfcf Ratio | (3.39) | (9.18) | (4.2) | (1.16) | 8.14 | 8.55 | |
| Days Payables Outstanding | 147.15 | 166.8 | 145.59 | 167.34 | 150.6 | 89.51 | |
| Ev To Operating Cash Flow | (6.22) | (15.76) | (7.08) | (2.84) | 16.44 | 17.26 | |
| Pe Ratio | 8.94 | 36.48 | 11.48 | 13.56 | (23.73) | (22.54) | |
| Return On Tangible Assets | 0.0567 | 0.0156 | 0.0541 | 0.0276 | (0.0214) | (0.0203) | |
| Ev To Free Cash Flow | (6.22) | (15.76) | (7.08) | (2.84) | 16.44 | 17.26 | |
| Current Ratio | 2.57 | 4.23 | 6.95 | 3.73 | 2.74 | 1.53 | |
| Tangible Book Value Per Share | 13.66 | 12.12 | 12.25 | 12.88 | 10.47 | 14.28 | |
| Receivables Turnover | 3.85 | 2.09 | 5.41 | 1.96 | (0.71) | (0.67) | |
| Graham Number | 21.08 | 9.95 | 19.55 | 15.74 | 11.43 | 17.63 | |
| Shareholders Equity Per Share | 13.66 | 12.12 | 12.25 | 12.88 | 10.47 | 14.28 | |
| Debt To Equity | 0.7 | 0.94 | 0.83 | 1.28 | 1.47 | 1.03 | |
| Graham Net Net | (9.42) | (8.21) | (11.21) | (15.89) | (13.61) | (14.29) | |
| Revenue Per Share | 1.29 | 1.58 | 0.59 | 1.66 | (0.32) | (0.3) | |
| Interest Debt Per Share | 11.9 | 0.55 | 0.6 | 0.78 | 14.32 | 10.34 |
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
| 0.85 | DIST | Distoken Acquisition | PairCorr |
| 0.85 | MA | Mastercard | PairCorr |
| 0.83 | V | Visa Class A | PairCorr |
| 0.8 | DYCQ | DT Cloud Acquisition | PairCorr |
| 0.55 | 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 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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.