New Horizon Group Stock Beta
NERZ Stock | ILA 623.60 19.60 3.25% |
New Horizon Group fundamentals help investors to digest information that contributes to New Horizon's financial success or failures. It also enables traders to predict the movement of New Stock. The fundamental analysis module provides a way to measure New Horizon's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to New Horizon stock.
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New Horizon Group Company Beta Analysis
New Horizon's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current New Horizon Beta | 0.0164 |
Most of New Horizon's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, New Horizon Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
CompetitionIn accordance with the recently published financial statements, New Horizon Group has a Beta of 0.0164. This is 97.72% lower than that of the Real Estate Management & Development sector and significantly higher than that of the Real Estate industry. The beta for all Israel stocks is 110.93% lower than that of the firm.
New Beta 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 Beta to detect undervalued stocks with similar characteristics or determine the stocks 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 beta category among related companies.
As returns on the market increase, New Horizon's returns are expected to increase less than the market. However, during the bear market, the loss of holding New Horizon is expected to be smaller as well.
New Fundamentals
Return On Asset | -0.18 | |||
Shares Owned By Insiders | 57.95 % | |||
Price To Earning | 559.56 X | |||
EBITDA | (1.26 M) | |||
Net Income | (304 K) | |||
Cash And Equivalents | 22 K | |||
Cash Per Share | 0.01 X | |||
Book Value Per Share | (5.93) X | |||
Cash Flow From Operations | (412 K) | |||
Earnings Per Share | 0.64 X | |||
Beta | 0.0164 | |||
Market Capitalization | 213.46 M |
About New Horizon Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze New Horizon Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Horizon using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Horizon Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Complementary Tools for New Stock analysis
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.
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