New Horizon Aircraft Stock Retained Earnings
| HOVR Stock | 0.49 0.03 5.77% |
New Horizon Aircraft fundamentals help investors to digest information that contributes to New Horizon's financial success or failures. It also enables traders to predict the movement of New Stock. The fundamental analysis module provides a way to measure New Horizon'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 New Horizon stock.
| Last Reported | Projected for Next Year | ||
| Retained Earnings | -14.7 M | -13.9 M |
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New Horizon Aircraft Company Retained Earnings Analysis
New Horizon's Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.
More About Retained Earnings | All Equity Analysis
Retained Earnings | = | Beginning RE + Income | - | Dividends |
Current New Horizon Retained Earnings | (14.68 M) |
Most of New Horizon's fundamental indicators, such as Retained Earnings, 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, New Horizon Aircraft is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
New Retained Earnings Driver Correlations
Understanding the fundamental principles of building solid financial models for New Horizon is extremely important. It helps to project a fair market value of New Stock properly, considering its historical fundamentals such as Retained Earnings. Since New Horizon's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of New Horizon's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of New Horizon's interrelated accounts and indicators.
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Retained Earnings shows how the firm utilizes its profits over time. In simple terms, investors can think of retained earnings as the amount of profit the company has reinvested in the business since its inceptions. However the methodology to make a decision over how much profit to retain is different between companies in different industries. For example, growing industries tend to retain more of their earnings than more matured industries as they need more assets investment to sustain their growth.
| Competition |
Based on the latest financial disclosure, New Horizon Aircraft has a Retained Earnings of (14.68 Million). This is 100.14% lower than that of the Aerospace & Defense sector and 100.35% lower than that of the Industrials industry. The retained earnings for all United States stocks is 100.16% higher than that of the company.
New Retained Earnings Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses New Horizon's direct or indirect competition against its Retained Earnings to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of New Horizon could also be used in its relative valuation, which is a method of valuing New Horizon by comparing valuation metrics of similar companies.New Horizon is currently under evaluation in retained earnings category among its peers.
New Fundamentals
| 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 | ||||
| Cash Flow From Operations | (2.12 M) | ||||
| Short Ratio | 0.13 X | ||||
| Earnings Per Share | (0.54) X | ||||
| Target Price | 2.72 | ||||
| Number Of Employees | 20 | ||||
| Market Capitalization | 11.92 M | ||||
| Total Asset | 4.94 M | ||||
| Retained Earnings | (14.68 M) | ||||
| Working Capital | (864.39 K) | ||||
| Net Asset | 4.94 M |
About New Horizon Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze New Horizon Aircraft's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Horizon using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Horizon Aircraft 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 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 |
| 0.69 | 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.