Horizon Technology Finance Corp (HRZN) Daily/Weekly Backtest Results

Buy indicator:                  
              [ What are these indicators? | Switch to HRZN's monthly backtests ]
Fixed profit target:               -or-  

Expectancy: -1.82%.   Win rate: 76.19%.   Sharpe Ratio: -1.263.   Maximum drawdown: -59.71% on 04 March 2026.
Mean CAGR: 108.22%. Time in market: 4430 days.   Hypothetical return: $1000 would be worth $505.57 on 16 January 2026.
Key: change_history : profitable trade change_history : breakeven trade (minimal loss after 2 years) change_history : losing trade (not profitable in a 2 year timeframe)


*Transaction costs, taxes and dividends are excluded from these calculations. Past performance may not necessarily be a reliable guide to future performance.

Calculations for Horizon Technology Finance

Expectancy is the percentage profit or loss you would expect to make on the next purchase of this stock with an entry point at the specified signal and profit target as set above. Given a large enough sample size, a positive expectancy indicates the trading strategy is likely to be profitable.

Expectancy calculation for 21 signal(s) occurring before 30 April 2024 for a 7.5% profit target: (76.19% * 8.51%) + (4.76% * 0.14%) - (19.05% * 43.64%) = -1.82%.
Wins: 16 Breakevens: 1 Losses: 4

To even out CAGR calculations, large individual returns from particularly quick trades have been capped at 300%.

The Sharpe Ratio calculation assumes a risk free return rate of 2% per calendar year. Ideally the ratio should be a positive number. A higher positive number indicates the strategy has a more attractive risk adjusted rate of return for this particular buy signal and stock over the chart's timeframe.

Horizon Technology Finance Analysis

Market sector: Financials.

External links: Seeking Alpha Research, Zacks Research.

These links may show useful information about why a stock's price has fallen significantly.

 

Large Gap Down Backtest Summary (Fixed Profits System)

This table summarises how profitable it would have been to have bought this stock at each large gap down entry signal. Hover over the icons to see more details of the particular trade, including the maximum percentage drawdown and how long it took to reach the desired percentage profit.

Key:   disabled_by_default = profit point not achieved. select_check_box = profit point achieved with CAGR above 15%.
select_check_box = profit point achieved with CAGR of between 5% and 15%. select_check_box = profit point achieved but CAGR was less than 5%.

Signal Date and Score Buy Signal Price Performance (mouseover for details)
5% 6% 7.5% 10% 20%
16 April 2026   MEDIUM   FIRE SALE   smart_toy0.801 Gap Down $ 4.56 schedule schedule schedule schedule schedule
27 February 2026   MEDIUM     smart_toy0.879 Gap Down $ 6.15 schedule schedule schedule schedule schedule
22 September 2025   MEDIUM     smart_toy0.633 Gap Down $ 6.48 schedule schedule schedule schedule schedule
15 July 2025   MEDIUM     smart_toy0.767 Gap Down $ 8.06 schedule schedule schedule schedule schedule
05 March 2025   MEDIUM     smart_toy0.88 Gap Down $ 9.02 schedule schedule schedule schedule schedule
16 December 2024   MEDIUM     smart_toy0.897 Gap Down $ 8.90 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt schedule
28 February 2024   MEDIUM     smart_toy0.812 Gap Down $ 12.56 disabled_by_default disabled_by_default disabled_by_default disabled_by_default disabled_by_default
16 January 2024   MEDIUM     smart_toy0.617 Gap Down $ 13.28 disabled_by_default disabled_by_default disabled_by_default disabled_by_default disabled_by_default
17 October 2023   MEDIUM     smart_toy0.953 Gap Down $ 11.94 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt disabled_by_default
04 August 2023   MEDIUM     smart_toy0.667 Gap Down $ 12.72 select_check_box select_check_box disabled_by_default disabled_by_default disabled_by_default
01 May 2023   MEDIUM     smart_toy0.641 Gap Down $ 10.79 select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt
20 September 2022   MEDIUM   FIRE SALE   smart_toy0.871 Gap Down $ 11.28 select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box
13 June 2022   MEDIUM     smart_toy0.916 Gap Down $ 11.61 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_boltelectric_bolt select_check_box
21 January 2022   MEDIUM     smart_toy0.897 Gap Down $ 14.96 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_bolt disabled_by_default disabled_by_default
17 November 2021   MEDIUM     smart_toy0.799 Gap Down $ 17.82 disabled_by_default disabled_by_default disabled_by_default disabled_by_default disabled_by_default
19 July 2021   MEDIUM     smart_toy0.517 Gap Down $ 17.16 select_check_box select_check_box electric_bolt select_check_box electric_bolt disabled_by_default disabled_by_default
19 April 2021   MEDIUM     smart_toy0.519 Gap Down $ 16.56 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box disabled_by_default
03 March 2021   MEDIUM     smart_toy0.606 Gap Down $ 13.91 select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt
29 January 2021   MEDIUM     smart_toy0.614 Gap Down $ 12.95 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_bolt
11 June 2020   MEDIUM     smart_toy0.779 Gap Down $ 10.28 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_bolt
30 March 2020   MEDIUM   FIRE SALE   smart_toy0.993 Gap Down $ 8.40 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt
24 February 2020   MEDIUM     smart_toy0.601 Gap Down $ 12.44 select_check_box select_check_box select_check_box select_check_box select_check_box
23 October 2018   MEDIUM     smart_toy0.82 Gap Down $ 9.18 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_bolt select_check_box electric_bolt
16 August 2018   MEDIUM     smart_toy0.694 Gap Down $ 9.53 select_check_box select_check_box select_check_box select_check_box select_check_box electric_bolt
27 July 2017   MEDIUM     smart_toy0.554 Gap Down $ 8.28 select_check_box select_check_box select_check_box select_check_box select_check_box
08 March 2017   LOW     smart_toy0.582 Gap Down $ 7.38 select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_bolt
01 November 2016   LOW     smart_toy0.867 Gap Down $ 8.41 select_check_box select_check_box select_check_box select_check_box select_check_box

 

The data for Horizon Technology Finance Corp (exchange: XNAS symbol: HRZN) was last updated 08 May 2026 01:35. Data for this stock is available from 01 Apr 2016 - 07 May 2026.