premise: It looks like the clown has fallen off the horse. hypothesis: The sad clown fell off the horse at the State Fair rodeo.
neutral: The clown may not be sad he fell, and it may not be a state fair rodeo that it happened at.|neutral: Falling off a horse won't necessarily make the clown sad, and one does not have to be at the State Fair rodeo to fall off a horse.|neutral: Just because it looks like the clown has fallen off the horse does not mean the clown is sad or they are at a State Fair rodeo.