New Horizon Aircraft Ltd (HOVR)

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New Horizon Aircraft Ltd (HOVR) is up 71.4% since the beginning of the year. At $3 per share, HOVR is trading 39.7% below its 52-week high of $4.

New Horizon Aircraft Ltd (HOVR) has returned 71.43% so far this year and 144.66% over the past 12 months.

Based on dividend-adjusted daily data since Jan 16, 2024, HOVR's average daily return is +0.41%, while the average monthly return is +9.41%. At this rate, an investment would double in approximately 0.6 years.

Historically, 50% of months were positive and 50% were negative. The best month was Nov 2024 with a return of +140.3%, while the worst month was May 2024 at -60.5%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.

On a daily basis, HOVR closed higher 44% of trading days. The best single day was Mar 6, 2024 with a return of +75.6%, while the worst single day was Oct 2, 2024 at -35.5%.

New Horizon Aircraft Ltd has an annualized alpha of 105.91%, beta of 1.46, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since January 17, 2024.

• This stock participated in 262.76% of S&P 500 Index downside but only 75.38% of its upside - more exposed to losses than it benefited from rallies.
• R2 of 0.02 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

HOVR ranks 74 for risk / return — better than 74% of stocks on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for New Horizon Aircraft Ltd (HOVR) and compare them to S&P 500 Index.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the New Horizon Aircraft Ltd. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the New Horizon Aircraft Ltd was 92.26%, occurring on Oct 3, 2024. Recovery took 254 trading sessions.

The current New Horizon Aircraft Ltd drawdown is 35.55%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of New Horizon Aircraft Ltd over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how New Horizon Aircraft Ltd is priced in the market compared to other companies in the Aerospace & Defense industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.