New Cost Of Revenue vs Ebitda Analysis
| HOVRW Stock | 0.01 0.0008 7.14% |
New Horizon financial indicator trend analysis is infinitely more than just investigating New Horizon Aircraft recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New Horizon Aircraft is a good investment. Please check the relationship between New Horizon Cost Of Revenue and its Ebitda accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in New Horizon Aircraft. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Cost Of Revenue vs Ebitda
Cost Of Revenue vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Horizon Aircraft Cost Of Revenue account and Ebitda. At this time, the significance of the direction appears to have strong relationship.
The correlation between New Horizon's Cost Of Revenue and Ebitda is 0.79. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Ebitda in the same time period over historical financial statements of New Horizon Aircraft, assuming nothing else is changed. The correlation between historical values of New Horizon's Cost Of Revenue and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of New Horizon Aircraft are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Cost Of Revenue i.e., New Horizon's Cost Of Revenue and Ebitda go up and down completely randomly.
Correlation Coefficient | 0.79 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Cost Of Revenue
Cost of Revenue is found on New Horizon Aircraft income statement and represents the costs associated with goods and services New Horizon provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Ebitda
Most indicators from New Horizon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New Horizon Aircraft current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in New Horizon Aircraft. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, New Horizon's Tax Provision is fairly stable compared to the past year. Selling General Administrative is likely to climb to about 3.9 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (271.5 K) in 2024.
| 2010 | 2022 | 2023 | 2024 (projected) | Interest Expense | 2.2K | 74.3K | 85.5K | 89.8K | Depreciation And Amortization | 24.3K | 26.9K | 167.9K | 176.3K |
New Horizon fundamental ratios Correlations
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New Horizon Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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.