New Horizon Aircraft Stock Market Value
| HOVR Stock | 0.60 0.06 9.09% |
| Symbol | New |
New Horizon Aircraft Price To Book Ratio
Is Aerospace & Defense space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of New Horizon. If investors know New will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about New Horizon listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.54) | Return On Assets (1.15) |
The market value of New Horizon Aircraft is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Horizon's value that differs from its market value or its book value, called intrinsic value, which is New Horizon's 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 New Horizon's market value can be influenced by many factors that don't directly affect New Horizon's 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 New Horizon's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Horizon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Horizon's 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.
New Horizon '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 New Horizon's stock 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 New Horizon.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in New Horizon on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding New Horizon Aircraft or generate 0.0% return on investment in New Horizon over 510 days. New Horizon is related to or competes with Cracker Barrel, Dominos Pizza, SEI Investments, Rave Restaurant, Bank of New York, Stepstone, and PennantPark Floating. New Horizon is entity of United States. It is traded as Stock on NASDAQ exchange. More
New Horizon 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 New Horizon's stock 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 New Horizon Aircraft upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.17 | |||
| Information Ratio | 0.0249 | |||
| Maximum Drawdown | 72.56 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 15.56 |
New Horizon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Horizon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as New Horizon's standard deviation. In reality, there are many statistical measures that can use New Horizon historical prices to predict the future New Horizon's volatility.| Risk Adjusted Performance | 0.0349 | |||
| Jensen Alpha | 0.3062 | |||
| Total Risk Alpha | (1.47) | |||
| Sortino Ratio | 0.0265 | |||
| Treynor Ratio | 0.4521 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of New Horizon's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
New Horizon Aircraft Backtested Returns
New Horizon appears to be out of control, given 3 months investment horizon. New Horizon Aircraft has Sharpe Ratio of 0.0246, which conveys that the firm had a 0.0246% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for New Horizon, which you can use to evaluate the volatility of the firm. Please exercise New Horizon's Mean Deviation of 7.25, downside deviation of 11.17, and Risk Adjusted Performance of 0.0349 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, New Horizon holds a performance score of 1. The company secures a Beta (Market Risk) of 0.91, which conveys possible diversification benefits within a given portfolio. New Horizon returns are very sensitive to returns on the market. As the market goes up or down, New Horizon is expected to follow. Please check New Horizon's sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to make a quick decision on whether New Horizon's current price movements will revert.
Auto-correlation | 0.53 |
Modest predictability
New Horizon Aircraft has modest predictability. Overlapping area represents the amount of predictability between New Horizon time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of New Horizon Aircraft price movement. The serial correlation of 0.53 indicates that about 53.0% of current New Horizon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
New Horizon Aircraft lagged returns against current returns
Autocorrelation, which is New Horizon stock'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 New Horizon's stock expected returns. We can calculate the autocorrelation of New Horizon returns to help us make a trade decision. For example, suppose you find that New Horizon has exhibited high autocorrelation historically, and you observe that the stock 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 |
New Horizon 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 New Horizon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if New Horizon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in New Horizon stock over time.
Current vs Lagged Prices |
| Timeline |
New Horizon Lagged Returns
When evaluating New Horizon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of New Horizon stock have on its future price. New Horizon 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, New Horizon autocorrelation shows the relationship between New Horizon stock current value and its past values and can show if there is a momentum factor associated with investing in New Horizon Aircraft.
Regressed Prices |
| Timeline |
Pair Trading with New Horizon
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.Moving against New Stock
| 0.7 | EH | Ehang Holdings | PairCorr |
| 0.36 | GD | General Dynamics Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.32 | GE | GE Aerospace Sell-off Trend | PairCorr |
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.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.