New Horizon financial statements provide useful quarterly and yearly information to potential New Horizon Aircraft investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on New Horizon financial statements helps investors assess New Horizon's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting New Horizon's valuation are summarized below:
Market Capitalization
15.6 M
Earnings Share
(0.53)
There are over one hundred seven available fundamental ratios for New Horizon, which can be analyzed over time and compared to other ratios. Investors and active traders are advised to check New Horizon's last-minute fundamental performance against the performance between 2010 and 2025 to make sure the trends are evolving in the right direction. As of 03/17/2025, Market Cap is likely to grow to about 206.2 B. Also, Enterprise Value is likely to grow to about 206.2 B
New Horizon shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although New Horizon investors may analyze each financial statement separately, they are all interrelated. The changes in New Horizon's assets and liabilities, for example, are also reflected in the revenues and expenses on on New Horizon's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if New Horizon position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in New Horizon will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to New Horizon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Horizon when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back New Horizon - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling New Horizon Aircraft to buy it.
The correlation of New Horizon 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as New Horizon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Horizon Aircraft moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for New Horizon can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
When running New Horizon's price analysis, check to measure New Horizon's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Horizon is operating at the current time. Most of New Horizon's value examination focuses on studying past and present price action to predict the probability of New Horizon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Horizon's price. Additionally, you may evaluate how the addition of New Horizon to your portfolios can decrease your overall portfolio volatility.