New Horizon Aircraft Stock Performance
| HOVR Stock | 0.51 0.03 6.25% |
The company secures a Beta (Market Risk) of -0.67, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning New Horizon are expected to decrease at a much lower rate. During the bear market, New Horizon is likely to outperform the market. At this point, New Horizon Aircraft has a negative expected return of -0.42%. Please make sure to verify New Horizon's value at risk and rate of daily change , to decide if New Horizon Aircraft performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days New Horizon Aircraft has generated negative risk-adjusted returns adding no value to investors with long positions. Even with uncertain performance in the last few months, the Stock's basic indicators remain relatively invariable which may send shares a bit higher in December 2024. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors. ...more
1 | Horizon Aircraft Begins Full-Scale Development of eVTOL Aircraft, Accelerates Flight Tests, and Expands World-Class Team | 09/09/2024 |
2 | Disposition of 21000 shares by Shindo Dustin M of New Horizon at 0.76 subject to Rule 16b-3 | 09/12/2024 |
3 | Disposition of 48079 shares by Shindo Dustin M of New Horizon at 0.76 subject to Rule 16b-3 | 09/13/2024 |
4 | Disposition of 10000 shares by Shindo Dustin M of New Horizon at 0.77 subject to Rule 16b-3 | 09/16/2024 |
5 | Disposition of 5000 shares by Shindo Dustin M of New Horizon at 0.8 subject to Rule 16b-3 | 09/17/2024 |
6 | New Horizon Aircraft Potentially Poised For Growth With Hybrid Aircraft Technology Amid Small-Cap Strength | 09/18/2024 |
7 | New Horizon Aircraft Upgraded to Strong-Buy at EF Hutton Acquisition Co. I | 10/10/2024 |
8 | Disposition of 2769497 shares by Mehana Capital Llc of New Horizon subject to Rule 16b-3 | 10/25/2024 |
9 | Horizon Aircraft to Participate in the 13th Annual Roth Technology Conference | 11/06/2024 |
10 | Dow Jumps Over 400 Points Monday.com Shares Fall After Q3 Results | 11/11/2024 |
| Begin Period Cash Flow | 228 K |
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New Horizon Relative Risk vs. Return Landscape
If you would invest 100.00 in New Horizon Aircraft on August 28, 2024 and sell it today you would lose (49.00) from holding New Horizon Aircraft or give up 49.0% of portfolio value over 90 days. New Horizon Aircraft is currently does not generate positive expected returns and assumes 11.491% risk (volatility on return distribution) over the 90 days horizon. In different words, most equities are less risky than New, and most traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
New Horizon Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for New Horizon's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as New Horizon Aircraft, and traders can use it to determine the average amount a New Horizon's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0366
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| Negative Returns | HOVR |
Estimated Market Risk
| 11.49 actual daily | 96 96% of assets are less volatile |
Expected Return
| -0.42 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average New Horizon is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of New Horizon by adding New Horizon to a well-diversified portfolio.
New Horizon Fundamentals Growth
New Stock prices reflect investors' perceptions of the future prospects and financial health of New Horizon, and New Horizon fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on New Stock performance.
| Return On Asset | -1.15 | ||||
| Current Valuation | 9.83 M | ||||
| Shares Outstanding | 24.57 M | ||||
| EBITDA | (7.83 M) | ||||
| Net Income | 8.61 M | ||||
| Total Debt | 74 K | ||||
| Book Value Per Share | (1.03) X | ||||
| Cash Flow From Operations | (2.12 M) | ||||
| Earnings Per Share | (0.55) X | ||||
| Market Capitalization | 12.53 M | ||||
| Total Asset | 4.94 M | ||||
| Retained Earnings | (6.86 M) | ||||
| Working Capital | (864.39 K) | ||||
About New Horizon Performance
Assessing New Horizon's fundamental ratios provides investors with valuable insights into New Horizon's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the New Horizon is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (1.26) | (1.32) | |
| Return On Capital Employed | (0.46) | (0.44) | |
| Return On Assets | (1.22) | (1.28) | |
| Return On Equity | 0.34 | 0.61 |
Things to note about New Horizon Aircraft performance evaluation
Checking the ongoing alerts about New Horizon for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for New Horizon Aircraft help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| New Horizon Aircraft generated a negative expected return over the last 90 days | |
| New Horizon Aircraft has high historical volatility and very poor performance | |
| New Horizon Aircraft has some characteristics of a very speculative penny stock | |
| New Horizon Aircraft was previously known as Pono Capital Three, and was traded on NASDAQ Exchange under the symbol PTHR. | |
| New Horizon generates negative cash flow from operations | |
| New Horizon Aircraft has a frail financial position based on the latest SEC disclosures | |
| About 29.0% of the company shares are held by company insiders | |
| Latest headline from benzinga.com: Dow Jumps Over 400 Points Monday.com Shares Fall After Q3 Results |
- Analyzing New Horizon's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether New Horizon's stock is overvalued or undervalued compared to its peers.
- Examining New Horizon's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating New Horizon's management team can have a significant impact on its success or failure. Reviewing the track record and experience of New Horizon's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of New Horizon's stock. These opinions can provide insight into New Horizon's potential for growth and whether the stock is currently undervalued or overvalued.
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.