Horizon Defensive Smmd Fund Market Value
| HSMNX Fund | 37.67 0.33 0.88% |
| Symbol | Horizon |
Horizon Us '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 Us' 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 Us.
| 04/24/2025 |
| 07/23/2025 |
If you would invest 0.00 in Horizon Us on April 24, 2025 and sell it all today you would earn a total of 0.00 from holding Horizon Defensive Smmd or generate 0.0% return on investment in Horizon Us over 90 days. Horizon Us is related to or competes with Bbh Intermediate, Versatile Bond, Morningstar Defensive, California Municipal, Old Westbury, and Flexible Bond. More
Horizon Us 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 Us' 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 Defensive Smmd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8064 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.66 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 1.45 |
Horizon Us Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Us' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizon Us' standard deviation. In reality, there are many statistical measures that can use Horizon Us historical prices to predict the future Horizon Us' volatility.| Risk Adjusted Performance | 0.1772 | |||
| Jensen Alpha | 0.0168 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.23 |
Horizon Defensive Smmd Backtested Returns
At this stage we consider Horizon Mutual Fund to be very steady. Horizon Defensive Smmd holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Horizon Defensive Smmd, which you can use to evaluate the volatility of the entity. Please check out Horizon Us' Downside Deviation of 0.8064, market risk adjusted performance of 0.24, and Risk Adjusted Performance of 0.1772 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. The fund retains a Market Volatility (i.e., Beta) of 0.69, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Horizon Us' returns are expected to increase less than the market. However, during the bear market, the loss of holding Horizon Us is expected to be smaller as well.
Auto-correlation | 0.82 |
Very good predictability
Horizon Defensive Smmd has very good predictability. Overlapping area represents the amount of predictability between Horizon Us time series from 24th of April 2025 to 8th of June 2025 and 8th of June 2025 to 23rd of July 2025. 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 Defensive Smmd price movement. The serial correlation of 0.82 indicates that around 82.0% of current Horizon Us price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Horizon Defensive Smmd lagged returns against current returns
Autocorrelation, which is Horizon Us 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 Us' mutual fund expected returns. We can calculate the autocorrelation of Horizon Us returns to help us make a trade decision. For example, suppose you find that Horizon Us 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 Us 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 Us mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizon Us 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 Us mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Horizon Us Lagged Returns
When evaluating Horizon Us' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizon Us mutual fund have on its future price. Horizon Us 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 Us autocorrelation shows the relationship between Horizon Us mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Horizon Defensive Smmd.
Regressed Prices |
| Timeline |
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Other Information on Investing in Horizon Mutual Fund
Horizon Us 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 Us security.
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