New Horizon Group Stock Net Income
In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of New Horizon Group, as well as the relationship between them.
Analyzing historical trends in various income statement and balance sheet accounts from New Horizon's financial statements helps investors evaluate the company's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting New Horizon's valuation are summarized below:New Horizon Group does not presently have any fundamental ratios for analysis. This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. New |
Search Suggestions
| NH | Nanthealth LLC | CompanyDelisted |
| NHC | National HealthCare | Company |
| NHS | Neuberger Berman High | Fund |
| NHYB | NuShares ETF Trust | ETF |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
CompetitionBased on the recorded statements, New Horizon Group reported net income of (2,415). This is much lower than that of the sector and significantly lower than that of the Net Income industry. The net income for all United States stocks is notably higher than that of the company.
New Net Income 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 Net Income to detect undervalued stocks with similar characteristics or determine the pink sheets 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 net income category among its peers.
New Fundamentals
| Profit Margin | (0.27) % | |||
| Operating Margin | (0.06) % | |||
| Shares Outstanding | 51 M | |||
| Price To Sales | 0.25 X | |||
| Revenue | 20.5 K | |||
| Gross Profit | 20.5 K | |||
| Net Income | (2.42 K) | |||
| Total Debt | 32 K | |||
| Debt To Equity | 0.16 % | |||
| Cash Flow From Operations | 29.23 K | |||
| Beta | 226.4 | |||
| Market Capitalization | 51 |
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.The ability to find closely correlated positions to Morgan Stanley could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Morgan Stanley 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 Morgan Stanley - 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 Morgan Stanley to buy it.
The correlation of Morgan Stanley 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 Morgan Stanley moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Morgan Stanley 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 Morgan Stanley 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.Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Other Consideration for investing in New Pink Sheet
If you are still planning to invest in New Horizon Group check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the New Horizon's history and understand the potential risks before investing.
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