Horizon Active Correlations

Mutual Funds . USA . 
Fund . Horizon Active Risk
ACRIX Fund  USD 25.25  0.10  0.40%   
The current 90-days correlation between Horizon Active Risk and Fidelity Advisor Gold is 0.15 (i.e., Average diversification). The correlation of Horizon Active 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 Active Correlation With Market

Almost no diversification

The correlation between Horizon Active Risk and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Horizon Active Risk and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Horizon Active 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 gross domestic product.

Moving together with Horizon Mutual Fund

  0.96ARANX Horizon Active RiskPairCorr
  1.0ARAAX Horizon Active RiskPairCorr
  0.98AAANX Horizon Active AssetPairCorr
  0.98HNDDX Horizon Active DividendPairCorr
  0.97HNDRX Horizon Defined RiskPairCorr
  0.96USRAX Horizon Defensive EquityPairCorr
  0.98USRTX Horizon Defensive EquityPairCorr
  0.97HADRX Horizon Defined RiskPairCorr
  0.98HADUX Horizon Active DividendPairCorr
  0.98HASAX Horizon Active AssetPairCorr
  0.98HASIX Horizon Active AssetPairCorr
  0.97HSMBX Hartford Small CapPairCorr
  0.94HSMNX Horizon Defensive SmmdPairCorr
  0.93HESAX Horizon Esg DefensivePairCorr
  0.98HESGX Horizon Esg DefensivePairCorr
  0.9PAALX All Asset FundPairCorr
  0.89PATRX Pimco All AssetPairCorr
  0.94PAAIX All Asset FundPairCorr
  0.94PALPX Pimco All AssetPairCorr
  0.87PASAX All Asset FundPairCorr
  0.89PASCX All Asset FundPairCorr
  0.94PAANX Pimco All AssetPairCorr
  0.86PAUPX Pimco All AssetPairCorr
  0.91PAUIX Pimco All AssetPairCorr
  0.87PFN Pimco Income StrategyPairCorr
  0.85CIF Mfs Intermediate HighPairCorr
  0.64PCF Putnam High IncomePairCorr
  0.7FSILX Federated Short TermPairCorr
  0.96DFESX Dfa Emerging MarketsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Horizon Mutual Fund performing well and Horizon Active 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 Active'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.

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