New Return On Equity from 2010 to 2024
| HOVR Stock | 0.48 0.01 2.13% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.3366647 | Current Value 0.61 | Quarterly Volatility 0.41721152 |
Check New Horizon financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among New Horizon's main balance sheet or income statement drivers, such as Tax Provision of 1.2 M, Net Interest Income of 5.5 M or Depreciation And Amortization of 176.3 K, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or Days Sales Outstanding of 0.0. New financial statements analysis is a perfect complement when working with New Horizon Valuation or Volatility modules.
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Latest New Horizon's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of New Horizon Aircraft over the last few years. Return on Equity is the amount of New Horizon Aircraft net income returned as a percentage of New Horizon equity. Return on equity measures New Horizon profitability by revealing how much profit New Horizon Aircraft generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. New Horizon's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in New Horizon's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.0 | 10 Years Trend |
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Return On Equity |
| Timeline |
New Return On Equity Regression Statistics
| Arithmetic Mean | 1.10 | |
| Geometric Mean | 0.85 | |
| Coefficient Of Variation | 37.95 | |
| Mean Deviation | 0.31 | |
| Median | 1.29 | |
| Standard Deviation | 0.42 | |
| Sample Variance | 0.17 | |
| Range | 1.2726 | |
| R-Value | (0.65) | |
| Mean Square Error | 0.11 | |
| R-Squared | 0.42 | |
| Significance | 0.01 | |
| Slope | (0.06) | |
| Total Sum of Squares | 2.44 |
New Return On Equity History
About New Horizon Financial Statements
New Horizon shareholders use historical fundamental indicators, such as Return On Equity, 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.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.34 | 0.61 |
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 together with New Stock
| 0.7 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Moving against New Stock
| 0.74 | CW | Curtiss Wright | PairCorr |
| 0.71 | EVEX | Eve Holding | PairCorr |
| 0.7 | CVU | CPI Aerostructures | PairCorr |
| 0.66 | EH | Ehang Holdings | PairCorr |
| 0.6 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | 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.