New Ebit vs Net Income Analysis
| HOVRW Stock | 0.01 0 12.67% |
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 Ebit and its Net Income 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.
Ebit vs Net Income
Ebit vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New Horizon Aircraft Ebit account and Net Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between New Horizon's Ebit and Net Income is 0.51. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Net Income 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 Ebit and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of New Horizon Aircraft are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Ebit i.e., New Horizon's Ebit and Net Income go up and down completely randomly.
Correlation Coefficient | 0.51 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Ebit
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in New Horizon Aircraft financial statement analysis. It represents the amount of money remaining after all of New Horizon Aircraft operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.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 (14.3 K) in 2024.
| 2010 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 1.2M | 649.7K | 1.7M | 1.3M | Cost Of Revenue | 613.4K | 436.0K | 392.4K | 419.7K |
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.