New Horizon Aircraft Stock Technical Analysis
| HOVR Stock | 0.49 0.03 5.77% |
As of the 29th of November, New Horizon secures the Risk Adjusted Performance of (0.02), standard deviation of 11.25, and Mean Deviation of 6.74. New Horizon Aircraft technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the firm's future prices. Please verify New Horizon Aircraft market risk adjusted performance and treynor ratio to decide if New Horizon Aircraft is priced some-what accurately, providing market reflects its recent price of 0.49 per share. As New Horizon Aircraft is a penny stock we also strongly advise to check its jensen alpha numbers.
New Horizon Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as New, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NewNew |
New Horizon Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 2.72 | Strong Buy | 1 | Odds |
Most New analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand New stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of New Horizon Aircraft, talking to its executives and customers, or listening to New conference calls.
New Horizon technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
New Horizon Aircraft Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of New Horizon Aircraft volatility. High ATR values indicate high volatility, and low values indicate low volatility.
New Horizon Aircraft Trend Analysis
Use this graph to draw trend lines for New Horizon Aircraft. You can use it to identify possible trend reversals for New Horizon as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual New Horizon price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.New Horizon Best Fit Change Line
The following chart estimates an ordinary least squares regression model for New Horizon Aircraft applied against its price change over selected period. The best fit line has a slop of 0.0053 , which may suggest that New Horizon Aircraft market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1.05, which is the sum of squared deviations for the predicted New Horizon price change compared to its average price change.About New Horizon Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of New Horizon Aircraft on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of New Horizon Aircraft based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on New Horizon Aircraft price pattern first instead of the macroeconomic environment surrounding New Horizon Aircraft. By analyzing New Horizon's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of New Horizon's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to New Horizon specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2010 | 2022 | 2023 | 2024 (projected) | ROE | 1.29 | 0.021 | 0.34 | 0.61 | Income Quality | 0.98 | 0.86 | 0.99 | 1.01 |
New Horizon November 29, 2024 Technical Indicators
Most technical analysis of New help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for New from various momentum indicators to cycle indicators. When you analyze New charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | 0.7508 | |||
| Mean Deviation | 6.74 | |||
| Coefficient Of Variation | (2,625) | |||
| Standard Deviation | 11.25 | |||
| Variance | 126.57 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (2.13) | |||
| Treynor Ratio | 0.7408 | |||
| Maximum Drawdown | 72.56 | |||
| Value At Risk | (17.39) | |||
| Potential Upside | 8.7 | |||
| Skewness | 1.06 | |||
| Kurtosis | 10.08 |
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.