- Sector
- Industrials
- Industry
- Aerospace & Defense
- IPO Date
- Jan 16, 2024
Highlights
- Market Cap
- $89.58M
- Enterprise Value
- $11.42M
- EPS (TTM)
- -$0.79
- EBITDA (TTM)
- -$23.47M
- Year Range
- $0.19 - $0.86
- ROA (TTM)
- -39.50%
- ROE (TTM)
- -46.54%
- Avg. Volume (1M)
- 30K
- Avg. Volume Value (1M)
- $10.78K
Share Price Chart
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Performance
HOVRW Performance Chart
New Horizon Aircraft Ltd (HOVRW) is up 22.2% since the beginning of the year. At $0 per share, HOVRW is trading 54.7% below its 52-week high of $1.
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Returns By Period
New Horizon Aircraft Ltd (HOVRW) has returned 22.22% so far this year and 90.15% over the past 12 months.
New Horizon Aircraft Ltd
- 1D
- 12.95%
- 1M
- -1.89%
- 6M
- 9.09%
- YTD
- 22.22%
- 1Y
- 90.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 111.88%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
HOVRW Monthly Returns History
Based on dividend-adjusted daily data since Jan 16, 2024, HOVRW's average daily return is +1.53%, while the average monthly return is +27.45%. At this rate, an investment would double in approximately 0.2 years.
Historically, 42% of months were positive and 58% were negative. The best month was Dec 2024 with a return of +356.6%, while the worst month was Jan 2024 at -61.7%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 4 months.
On a daily basis, HOVRW closed higher 46% of trading days. The best single day was Mar 6, 2024 with a return of +169.6%, while the worst single day was Jun 13, 2024 at -52.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.03% | 7.69% | -16.88% | 22.66% | 37.58% | -27.76% | -0.03% | 22.22% | |||||
| 2025 | -47.50% | -29.90% | -7.34% | -12.02% | 166.33% | 261.95% | -23.93% | -2.18% | 80.34% | 31.59% | -14.84% | -26.63% | 219.10% |
| 2024 | -61.72% | -9.01% | 148.02% | -4.55% | -26.81% | -56.57% | 84.21% | -3.57% | -54.44% | 23.58% | 44.08% | 356.62% | 72.41% |
Benchmark Metrics
New Horizon Aircraft Ltd has an annualized alpha of 3293.83%, beta of 1.61, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 16, 2024.
- This stock captured 297.36% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -228.07%) - a profile typical of hedging or uncorrelated assets.
- R2 of 0.01 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.
- Alpha
- 3,293.83%
- Beta
- 1.61
- R²
- 0.01
- Upside Capture
- 297.36%
- Downside Capture
- -228.07%
Return for Risk
Risk / Return Rank
HOVRW ranks 69 for risk / return — above 69% of stocks peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for New Horizon Aircraft Ltd (HOVRW) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HOVRW | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.25 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 2.00 | -0.69 |
| Martin ratioReturn relative to average drawdown | 1.96 | 8.49 | -6.53 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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 86.76%, occurring on Oct 15, 2024. Recovery took 50 trading sessions.
The current New Horizon Aircraft Ltd drawdown is 44.88%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-86.76%Oct 2024 | 7mo 11d | 2mo 12d | 9mo 23dMar 2024 - Dec 2024 | — |
-80.77%Mar 2025 | 2mo 13d | 2mo 29d | 5mo 12dDec 2024 - Jun 2025 | 2025 selloff2025 |
-70.69%Feb 2024 | 1mo | 20d | 1mo 20dJan 2024 - Mar 2024 | — |
-59.01%Mar 2026 | 5mo 9d | — | 9mo 20dOct 2025 - now | — |
-44.43%Jul 2025 | 8d | 2mo 1d | 2mo 9dJul 2025 - Sep 2025 | — |
Drawdown Indicators
| HOVRW | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.76% | -56.78% | -29.98% |
Max Drawdown (1Y)Largest decline over 1 year | -59.01% | -9.10% | -49.91% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -44.88% | -1.58% | -43.30% |
Average DrawdownAverage peak-to-trough decline | -48.33% | -10.70% | -37.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.59% | 2.14% | +37.45% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Financials
Financial Performance
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.
Valuation
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.
PB Ratio
The chart illustrates the Price-to-Book (P/B) ratio for HOVRW in comparison with other companies in the Aerospace & Defense industry. Currently, HOVRW has a P/B value of 0.3. This P/B ratio is low compared to industry peers. It might indicate the stock is undervalued or that the company’s assets are not expected to generate strong returns.
Income Statement
| TTM | |
|---|---|
Revenue | |
Total Revenue | — |
Cost Of Revenue | — |
Gross Profit | — |
Operating Expenses | |
Selling, General & Admin Expenses | — |
R&D Expenses | — |
Depreciation And Amortization | — |
Total Operating Expenses | — |
Income | |
Income Before Tax | — |
Operating Income | — |
EBITDA | — |
EBIT | — |
Earnings From Continuing Operations | — |
Net Income | — |
Income Tax Expense | — |
Other Non-Operating Income (Expenses) | — |
Extraordinary Items | — |
Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
Other Items | — |
Interest Income | — |
Interest Expense | — |
Net Interest Income | — |
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