New Horizon Current Valuation vs. Market Capitalization
| HOVR Stock | 0.72 0.10 16.13% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Return On Equity | 0.61 | 0.3367 |
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For New Horizon profitability analysis, we use financial ratios and fundamental drivers that measure the ability of New Horizon to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well New Horizon Aircraft utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between New Horizon's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of New Horizon Aircraft over time as well as its relative position and ranking within its peers.
New |
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 Aircraft Market Capitalization vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining New Horizon's current stock value. Our valuation model uses many indicators to compare New Horizon value to that of its competitors to determine the firm's financial worth. New Horizon Aircraft is rated below average in current valuation category among its peers. It also is rated below average in market capitalization category among its peers creating about 1.32 of Market Capitalization per Current Valuation. At this time, New Horizon's Market Cap is relatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value New Horizon by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.New Current Valuation vs. Competition
New Horizon Aircraft is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Industrials industry is currently estimated at about 86.88 Billion. New Horizon adds roughly 11.6 Million in current valuation claiming only tiny portion of equities under Industrials industry.
New Market Capitalization vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
New Horizon |
| = | 11.6 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
New Horizon |
| = | 15.3 M |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
New Market Capitalization vs Competition
New Horizon Aircraft is rated below average in market capitalization category among its peers. Market capitalization of Industrials industry is currently estimated at about 70.65 Billion. New Horizon adds roughly 15.3 Million in market capitalization claiming only tiny portion of equities under Industrials industry.
New Horizon Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in New Horizon, profitability is also one of the essential criteria for including it into their portfolios because, without profit, New Horizon will eventually generate negative long term returns. The profitability progress is the general direction of New Horizon's change in net profit over the period of time. It can combine multiple indicators of New Horizon, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Net Interest Income | 5.2 M | 5.5 M | |
| Operating Income | -1.7 M | -1.7 M | |
| Net Income From Continuing Ops | 8.6 M | 9 M | |
| Income Before Tax | -8.2 M | -7.8 M | |
| Total Other Income Expense Net | -6.5 M | -6.2 M | |
| Net Income | 8.6 M | 9 M | |
| Income Tax Expense | 1.1 M | 1.2 M | |
| Interest Income | 4.7 M | 4.2 M | |
| Income Quality | 0.99 | 1.01 | |
| Net Income Per E B T | 0.74 | 0.78 |
New Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on New Horizon. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of New Horizon position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the New Horizon's important profitability drivers and their relationship over time.
Use New Horizon in pair-trading
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.New Horizon Pair Trading
New Horizon Aircraft Pair Trading Analysis
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.Use Investing Themes to Complement your New Horizon position
In addition to having New Horizon in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Steel Works Etc
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Steel Works Etc theme has 54 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Steel Works Etc Theme or any other thematic opportunities.
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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.