Todd Bissett - New Horizon External Counsel
| HOVR Stock | 0.49 0.03 5.77% |
Executive
Todd Bissett is External Counsel of New Horizon Aircraft
| Address | 3187 Highway 35, Lindsay, ON, Canada, K9V 4R1 |
| Phone | 613-866-1935 |
| Web | https://www.horizonaircraft.com |
New Horizon Management Efficiency
The company has return on total asset (ROA) of (1.1497) % which means that it has lost $1.1497 on every $100 spent on assets. This is way below average. New Horizon's management efficiency ratios could be used to measure how well New Horizon manages its routine affairs as well as how well it operates its assets and liabilities. As of 11/28/2024, Return On Equity is likely to grow to 0.61, while Return On Tangible Assets are likely to drop (1.32). At this time, New Horizon's Non Currrent Assets Other are relatively stable compared to the past year. As of 11/28/2024, Other Current Assets is likely to grow to about 2.6 M, while Non Current Assets Total are likely to drop slightly above 266 K.Similar Executives
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Management Performance
| Return On Asset | -1.15 |
New Horizon Aircraft Leadership Team
Elected by the shareholders, the New Horizon's board of directors comprises two types of representatives: New Horizon inside directors who are chosen from within the company, and outside directors, selected externally and held independent of New. The board's role is to monitor New Horizon's management team and ensure that shareholders' interests are well served. New Horizon's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, New Horizon's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Brian Robinson, Founder Engineer | ||
| Phil Kelly, Senior Development | ||
| Jason ONeill, COO Director | ||
| Brandon Robinson, Chairman CoFounder | ||
| Tom Brassington, Chief Officer | ||
| Brian Merker, Chief Officer | ||
| Stewart Lee, Head Strategy | ||
| Todd Bissett, External Counsel |
New Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is New Horizon a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Asset | -1.15 | ||||
| Current Valuation | 9.24 M | ||||
| Shares Outstanding | 24.57 M | ||||
| Shares Owned By Insiders | 29.55 % | ||||
| Shares Owned By Institutions | 0.30 % | ||||
| Number Of Shares Shorted | 840.8 K | ||||
| EBITDA | (7.83 M) | ||||
| Net Income | 8.61 M | ||||
| Total Debt | 74 K | ||||
| Book Value Per Share | (1.03) X |
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
| 0.62 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Moving against New Stock
| 0.72 | EH | Ehang Holdings | PairCorr |
| 0.65 | CW | Curtiss Wright | PairCorr |
| 0.56 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.55 | CVU | CPI Aerostructures | PairCorr |
| 0.49 | EVEX | Eve Holding Trending | 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.