Horizon Funds Etf Market Value
| BENJ Etf | 51.60 0.02 0.04% |
| Symbol | Horizon |
The market value of Horizon Funds 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 Funds' value that differs from its market value or its book value, called intrinsic value, which is Horizon Funds' 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 Funds' market value can be influenced by many factors that don't directly affect Horizon Funds' 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 Funds' value and its price as these two are different measures arrived at by different means. Investors typically determine if Horizon Funds is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horizon Funds' 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.
Horizon Funds '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 Funds' etf 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 Funds.
| 08/21/2025 |
| 11/19/2025 |
If you would invest 0.00 in Horizon Funds on August 21, 2025 and sell it all today you would earn a total of 0.00 from holding Horizon Funds or generate 0.0% return on investment in Horizon Funds over 90 days. Horizon Funds is related to or competes with Pacer Funds, Ned Davis, First Trust, Unlimited HFEQ, ProShares Supply, One One, and Global X. More
Horizon Funds 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 Funds' etf 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 Funds upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.47) | |||
| Maximum Drawdown | 0.0781 | |||
| Value At Risk | (0.02) | |||
| Potential Upside | 0.0391 |
Horizon Funds Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Funds' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizon Funds' standard deviation. In reality, there are many statistical measures that can use Horizon Funds historical prices to predict the future Horizon Funds' volatility.| Risk Adjusted Performance | 0.1802 | |||
| Jensen Alpha | 0.0047 | |||
| Total Risk Alpha | 0.0037 | |||
| Treynor Ratio | (1.77) |
Horizon Funds Backtested Returns
Horizon Funds is very steady at the moment. Horizon Funds holds Efficiency (Sharpe) Ratio of 0.81, which attests that the entity had a 0.81 % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Horizon Funds, which you can use to evaluate the volatility of the entity. Please check out Horizon Funds' Standard Deviation of 0.0184, market risk adjusted performance of (1.76), and Risk Adjusted Performance of 0.1802 to validate if the risk estimate we provide is consistent with the expected return of 0.0148%. The etf retains a Market Volatility (i.e., Beta) of -0.0026, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Horizon Funds are expected to decrease at a much lower rate. During the bear market, Horizon Funds is likely to outperform the market.
Auto-correlation | 0.99 |
Perfect predictability
Horizon Funds has perfect predictability. Overlapping area represents the amount of predictability between Horizon Funds time series from 21st of August 2025 to 5th of October 2025 and 5th of October 2025 to 19th of November 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 Funds price movement. The serial correlation of 0.99 indicates that 99.0% of current Horizon Funds price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.99 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Horizon Funds lagged returns against current returns
Autocorrelation, which is Horizon Funds etf'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 Funds' etf expected returns. We can calculate the autocorrelation of Horizon Funds returns to help us make a trade decision. For example, suppose you find that Horizon Funds has exhibited high autocorrelation historically, and you observe that the etf 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 Funds 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 Funds etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizon Funds etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Horizon Funds etf over time.
Current vs Lagged Prices |
| Timeline |
Horizon Funds Lagged Returns
When evaluating Horizon Funds' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizon Funds etf have on its future price. Horizon Funds 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 Funds autocorrelation shows the relationship between Horizon Funds etf current value and its past values and can show if there is a momentum factor associated with investing in Horizon Funds.
Regressed Prices |
| Timeline |
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Horizon Funds technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.