Horizon Space Acquisition Stock Return On Equity
| HSPOR Stock | 0.09 0.00 0.00% |
Horizon Space Acquisition fundamentals help investors to digest information that contributes to Horizon Space's financial success or failures. It also enables traders to predict the movement of Horizon Stock. The fundamental analysis module provides a way to measure Horizon Space's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Horizon Space stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.04 | 0.05 |
Horizon |
Horizon Space Acquisition Company Return On Equity Analysis
Horizon Space's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Horizon Space Return On Equity | 0.0467 |
Most of Horizon Space's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Horizon Space Acquisition is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Competition
Horizon Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Horizon Space's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Horizon Space could also be used in its relative valuation, which is a method of valuing Horizon Space by comparing valuation metrics of similar companies.Horizon Space is currently under evaluation in return on equity category among its peers.
Horizon Fundamentals
| Return On Asset | -0.005 | ||||
| Number Of Shares Shorted | 64.34 K | ||||
| Book Value Per Share | (0.29) X |
About Horizon Space Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Horizon Space Acquisition's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Horizon Space using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Horizon Space Acquisition based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Horizon Space
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 Horizon Space 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 Horizon Space will appreciate offsetting losses from the drop in the long position's value.Moving against Horizon Stock
The ability to find closely correlated positions to Horizon Space could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Horizon Space 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 Horizon Space - 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 Horizon Space Acquisition to buy it.
The correlation of Horizon Space 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 Horizon Space moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Horizon Space Acquisition 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 Horizon Space 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 Horizon Stock Analysis
When running Horizon Space's price analysis, check to measure Horizon Space'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 Horizon Space is operating at the current time. Most of Horizon Space's value examination focuses on studying past and present price action to predict the probability of Horizon Space's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Horizon Space's price. Additionally, you may evaluate how the addition of Horizon Space to your portfolios can decrease your overall portfolio volatility.