New Horizon Aircraft Stock Price on November 12, 2024
| HOVRW Stock | 0.10 0.01 6.38% |
If you're considering investing in New Stock, it is important to understand the factors that can impact its price. As of today, the current price of New Horizon stands at 0.10, as last reported on the 5th of January, with the highest price reaching 0.11 and the lowest price hitting 0.07 during the day. New Horizon is out of control given 3 months investment horizon. New Horizon Aircraft has Sharpe Ratio of 0.23, which conveys that the firm had a 0.23% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 5.72% are justified by taking the suggested risk. Use New Horizon Aircraft Risk Adjusted Performance of 0.1986, downside deviation of 17.84, and Mean Deviation of 17.34 to evaluate company specific risk that cannot be diversified away.
At this time, New Horizon's Common Stock Shares Outstanding is fairly stable compared to the past year. Liabilities And Stockholders Equity is likely to climb to about 6 M in 2025, despite the fact that Other Stockholder Equity is likely to grow to (66.4 M). . Price Earnings Ratio is likely to drop to about (16.7 K) in 2025. Price Book Value Ratio is likely to drop to -5,615 in 2025. New Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
New |
Sharpe Ratio = 0.233
| Best Portfolio | Best Equity | HOVRW | ||
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Estimated Market Risk
| 24.53 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.23 actual daily | 18 82% of assets perform better |
Based on monthly moving average New Horizon is performing at about 18% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of New Horizon by adding it to a well-diversified portfolio.
Book Value (1.03) | Shares Float 15.9 M | Shares Short Prior Month 144.2 K | Shares Short 15 K |
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New Horizon Valuation on November 12, 2024
It is possible to determine the worth of New Horizon on a given historical date. On November 12, 2024 New was worth 0.0195 at the beginning of the trading date compared to the closed value of 0.0124. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New Horizon stock. Still, in general, we apply an absolute valuation method to find New Horizon's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of New Horizon where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New Horizon's related companies.
| Open | High | Low | Close | Volume | |
| 0.02 | 0.02 | 0.01 | 0.02 | 31,162 | |
11/12/2024 | 0.02 | 0.02 | 0.01 | 0.01 | 54,847 |
| 0.02 | 0.02 | 0.01 | 0.01 | 4,812 |
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New Horizon Trading Date Momentum on November 12, 2024
| On November 13 2024 New Horizon Aircraft was traded for 0.01 at the closing time. The highest daily price throughout the period was 0.02 and the lowest price was 0.01 . The daily volume was 4.8 K. The net trading volume on 11/13/2024 added to the next day price increase. The trading delta at closing time to closing price of the next trading day was 12.90% . The trading delta at closing time to current closing price is 19.35% . |
New Horizon Aircraft Fundamentals Correlations and Trends
By evaluating New Horizon's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among New Horizon's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. New financial account trend analysis is a perfect complement when working with valuation or volatility modules.About New Horizon Stock history
New Horizon investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New Horizon Aircraft will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing New Horizon stock prices may prove useful in developing a viable investing in New Horizon
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 9.6 B | 11.9 B |
New Horizon Quarterly Net Working Capital |
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New Horizon Stock Technical Analysis
New Horizon technical stock 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, stock market cycles, or different charting patterns.
Price Boundaries
New Horizon Period Price Range
Low | January 5, 2025
| High |
0.00 | 0.00 |
New Horizon Aircraft cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
New Horizon January 5, 2025 Market Strength
Market strength indicators help investors to evaluate how New Horizon stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New Horizon shares will generate the highest return on investment. By undertsting and applying New Horizon stock market strength indicators, traders can identify New Horizon Aircraft entry and exit signals to maximize returns
New Horizon Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New Horizon's price direction in advance. Along with the technical and fundamental analysis of New Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of New to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1986 | |||
| Jensen Alpha | 5.56 | |||
| Total Risk Alpha | 5.18 | |||
| Sortino Ratio | 0.3103 | |||
| Treynor Ratio | (6.41) |
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Additional Tools for New Stock Analysis
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.