HOVR (New Horizon Aircraft) Beta: N/A (As of Jun. 24, 2026)


HOVR New Horizon Aircraft Ltd HOVR
14 GF Score
Price $1.88
! 2 Warning Signs
View Full Analysis

What is New Horizon Aircraft Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-06-24), New Horizon Aircraft's Beta is Not available.

New Horizon Aircraft  (NAS:HOVR) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)

New Horizon Aircraft Beta Related Terms

New Horizon Aircraft Beta Historical Data

* Premium members only.

The historical data trend for New Horizon Aircraft's Beta can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

New Horizon Aircraft Beta Chart

New Horizon Aircraft Annual Data
Trend May22 May23 May24 May25
Beta
0.00 0.00 0.00 0.00

New Horizon Aircraft Quarterly Data
May22 Dec22 May23 Dec23 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00
HOVR
14GF Score
New Horizon Aircraft Ltd HOVR
Beta is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

New Horizon Aircraft Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.

New Horizon Aircraft Business Description

Address 3187 Highway 35, Lindsay, ON, CAN, K9V 4R1
New Horizon Aircraft Ltd is an aerospace Original Equipment Manufacturer that is designing and building a next-generation hybrid electric vertical take-off and landing aircraft for the regional air mobility market. Its aircraft will offer a more efficient way to move people and goods at a regional scale, help to connect remote communities, and advance its ability to deal with an increasing number of climate-related natural disasters such as wildfires, floods, and droughts. The company aims to deliver a hybrid electric 7-seat aircraft, called the Cavorite X7, that can take off and land vertically like and helicopter.
14GF Score

Get the complete analysis for HOVR

Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.88
Price