Horizon Spin Off And Fund Market Value
| LSHUX Fund | USD 46.49 1.41 3.13% |
| Symbol | Horizon |
Horizon Spin 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Horizon Spin's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Horizon Spin.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Horizon Spin on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Horizon Spin Off And or generate 0.0% return on investment in Horizon Spin over 60 days. Horizon Spin is related to or competes with Horizon Us, Horizon Us, Horizon Defined, Horizon Active, Horizon Active, Horizon Us, and Horizon Spin-off. The fund will pursue its investment objective by investing at least 80 percent of its net assets in equity securities of... More
Horizon Spin Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Horizon Spin's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Horizon Spin Off And upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | 0.2977 | |||
| Maximum Drawdown | 16.33 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 3.46 |
Horizon Spin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Spin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizon Spin's standard deviation. In reality, there are many statistical measures that can use Horizon Spin historical prices to predict the future Horizon Spin's volatility.| Risk Adjusted Performance | 0.2765 | |||
| Jensen Alpha | 0.6712 | |||
| Total Risk Alpha | 0.4546 | |||
| Sortino Ratio | 0.3097 | |||
| Treynor Ratio | 0.7093 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Horizon Spin's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Horizon Spin Off Backtested Returns
Horizon Spin appears to be very steady, given 3 months investment horizon. Horizon Spin Off holds Efficiency (Sharpe) Ratio of 0.41, which attests that the entity had a 0.41% return per unit of risk over the last 3 months. By evaluating Horizon Spin's technical indicators, you can evaluate if the expected return of 0.91% is justified by implied risk. Please utilize Horizon Spin's Risk Adjusted Performance of 0.2765, market risk adjusted performance of 0.7193, and Downside Deviation of 2.22 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 1.13, which attests to a somewhat significant risk relative to the market. Horizon Spin returns are very sensitive to returns on the market. As the market goes up or down, Horizon Spin is expected to follow.
Auto-correlation | 0.87 |
Very good predictability
Horizon Spin Off And has very good predictability. Overlapping area represents the amount of predictability between Horizon Spin time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Horizon Spin Off price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Horizon Spin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 13.95 |
Horizon Spin Off lagged returns against current returns
Autocorrelation, which is Horizon Spin mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Horizon Spin's mutual fund expected returns. We can calculate the autocorrelation of Horizon Spin returns to help us make a trade decision. For example, suppose you find that Horizon Spin has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Horizon Spin regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Horizon Spin mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizon Spin mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Horizon Spin mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Horizon Spin Lagged Returns
When evaluating Horizon Spin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizon Spin mutual fund have on its future price. Horizon Spin autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Horizon Spin autocorrelation shows the relationship between Horizon Spin mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Horizon Spin Off And.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Horizon Mutual Fund
Horizon Spin 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 Spin security.
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