Horizon Defined Correlations

HNDRX Fund

USD 78.67 0.20 0.25%

The current 90-days correlation between Horizon Defined Risk and Sit Government Securities is -0.19 (i.e., Good diversification). The correlation of Horizon Defined 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Horizon Defined Correlation With Market

Almost no diversification

The correlation between Horizon Defined Risk and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Horizon Defined Risk 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 Defined Risk. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Horizon Mutual Fund

0.81	ARANX	Horizon Active Risk	Pair Corr
0.9	ARAAX	Horizon Active Risk	Pair Corr
0.97	AAANX	Horizon Active Asset	Pair Corr
0.97	HNDDX	Horizon Active Dividend	Pair Corr
0.91	ACRIX	Horizon Active Risk	Pair Corr
0.98	USRAX	Horizon Defensive Equity	Pair Corr
0.87	USRTX	Horizon Defensive Equity	Pair Corr
1.0	HADRX	Horizon Defined Risk	Pair Corr
0.97	HADUX	Horizon Active Dividend	Pair Corr
0.97	HASAX	Horizon Active Asset	Pair Corr
0.97	HASIX	Horizon Active Asset	Pair Corr
0.84	HSMBX	Hartford Small Cap	Pair Corr
0.84	HSMNX	Horizon Defensive Smmd	Pair Corr
0.75	HESAX	Horizon Esg Defensive	Pair Corr
0.68	HESGX	Horizon Esg Defensive	Pair Corr
0.91	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.91	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.91	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.97	GTENX	Gateway Fund Class	Pair Corr
0.97	GTECX	Gateway Fund Class	Pair Corr
0.97	GTEYX	Gateway Fund Class	Pair Corr
0.97	GATEX	Gateway Fund Class	Pair Corr
0.86	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.87	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.86	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.87	FTYPX	Fidelity Freedom Index	Pair Corr
0.98	FFBTX	Fidelity Freedom Blend	Pair Corr
0.91	GCAVX	Gmo Small Cap	Pair Corr
0.95	GQLOX	Gmo Quality Fund	Pair Corr
0.74	GHVIX	Gmo High Yield	Pair Corr
0.94	GMCQX	Gmo Equity Allocation	Pair Corr

Moving against Horizon Mutual Fund

0.67	JASVX	James Alpha Structured	Pair Corr
0.54	GABFX	Gmo Asset Allocation	Pair Corr
0.32	FIPDX	Fidelity Inflation-protec	Pair Corr

Related Correlations Analysis

	SNGYX	AUGAX	RFBAX	SIGVX	PYUSX	TWUOX	FHNFX
SNGYX		0.98	0.91	0.91	0.94	0.92	0.9	SNGYX
AUGAX	0.98		0.88	0.89	0.93	0.91	0.9	AUGAX
RFBAX	0.91	0.88		0.97	0.96	0.93	0.82	RFBAX
SIGVX	0.91	0.89	0.97		0.97	0.93	0.82	SIGVX
PYUSX	0.94	0.93	0.96	0.97		0.95	0.83	PYUSX
TWUOX	0.92	0.91	0.93	0.93	0.95		0.9	TWUOX
FHNFX	0.9	0.9	0.82	0.82	0.83	0.9		FHNFX
	SNGYX	AUGAX	RFBAX	SIGVX	PYUSX	TWUOX	FHNFX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Horizon Mutual Fund performing well and Horizon Defined Mutual Fund 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 Defined'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
SNGYX	0.23	0.01	0.26	(0.32)	0.23	(0.27)	0.49	(0.49)	1.27
AUGAX	0.41	0.01	0.16	(0.21)	0.46	(0.43)	0.85	(0.67)	2.48
RFBAX	0.08	0.00	0.37	(1.15)	0.00	(0.27)	0.20	(0.19)	0.78
SIGVX	0.05	0.00	0.68	(0.18)	0.00	(0.17)	0.10	(0.10)	0.61
PYUSX	0.14	0.01	0.40	(0.57)	0.07	(0.20)	0.32	(0.22)	0.85
TWUOX	0.08	0.00	0.44	0.00	0.00	(0.16)	0.22	(0.22)	0.66
FHNFX	0.29	0.00	0.20	(0.12)	0.32	(0.31)	0.55	(0.55)	1.63

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC