On this page of Benford's Law Stocks.com we present our study of NEW HORIZON AIRCRAFT LTD. — ticker symbol HOVR. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 3/29/2023 to 1/14/2025 for NEW HORIZON AIRCRAFT LTD. under CIK number 0001930021. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for HOVR, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for NEW HORIZON AIRCRAFT LTD. based on the past HOVR filings our system processed in the past.
27.1
20.2
10.5
7.4
13.0
3.8
10.7
6.1
1.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing, HOVR stockholder letter ]
Total numbers found: 391
Recent share count: 24,574,247 (2's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
391
Low count compared to other filers, falling in the bottom quartile. At this number count, it would take about 4 numbers to move any given column by a full percentage point.
36

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 1's percentage was below the company's typical historical range.
 • We deducted point upon observing the 2's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 2's percentage was above the company's typical historical range.
 • We deducted point upon observing the 4's percentage was below the company's typical historical range.
 • The 5's percentage was higher than the 4's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 5's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 6's percentage was below the typical coverage universe range.
 • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 7's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 7's percentage was above the company's typical historical range.
 • We deducted point upon observing the 8's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 9's percentage was below the typical coverage universe range.
Benford's Law Stocks Indicator
HOVR
Low score compared to other filers, falling in the bottom quartile.
ISPC
LANC
IVHI
EYE
KROS
PTN
PFTAU
ALFUU
Check our work! We provide our NEW HORIZON AIRCRAFT LTD. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the HOVR filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 106 numbers that start with the digit 1. Here they are:
1,816
1,761
151
1,962
1,333
19
100,000,000
18,607,931
14,683
17,933
1,962
1,259
1,259
18
13
143
181
19,664
16,753
1,211
19,664
16,753
1,211
15
15
18,607,931
14,683
17,933
1,799
1,799
1,925
1,925
17,594
13
13
19,664
19,664
103
1,925
1,925
1,062,244
168,832
1,385
13
13
1,062,244
168,832
1,843
1,496
1,496
1,579,776
1,496
168,832
101
1,054
16,753
1,211
19
118
113
1,580
1,340
103
1,816
1
17
152
152
16
16
155
151
19
1
1
10
1,938
169
10
15.0
1,035
1,035
1,142
1,496
10.61
10.61
1.76
1,879
1,906
103
100,000
100,000
103
12,065,375
11.50
12,065,375
11.50
17,765,375
180,000
139
180,000
103
13
118
15
15
We found 79 numbers that start with the digit 2. Here they are:
2,431
23
205
236
29
20,938
22,877
24,574,247
2,070
2,353
219
2,847
227
229
24
2,035
2,030
21,400
21,400
22,938
22,732
24
24
23,599,144
21,246,788
24,574,247
21,930,531
26
26
2,911
2,911
2,800,000
21,519,247
22,133
24,574,247
2,070
2,353
28
290
21,400
2,030
252
27
278
228
24
299
205
272
2,431
236
2.0
24
20,938
20,938
27
21,514
20,965
28
2.18
20,965
21,678
278
21,400
2,800,000
2,041
27
27
24
24
23,599,144
21,246,788
24,574,247
21,930,531
25
235
229
2.49
2,708
We found 41 numbers that start with the digit 3. Here they are:
31,230,914
374
3,657
30
3,274
3,274
3,000,000
33
33
394
341
33
346
3
3
3,947
3,262
306
31
300
300
30
3,657
352
3,305
3,657
352
3,305
3.61
3,305
3,000,000
3,540
3
3,100,000
3.8
391,396
33
33
30
366
307
4's 5's 6's
We found 29 numbers that start with the digit 4. Here they are:
417
4,664
4,944
44
4,315
4,944
427
419
47
48
45,000
44
44
44
471
471
47
4,184
48
48
482
4
406
4.40
4.51
4.7
4.18
49
47
We found 51 numbers that start with the digit 5. Here they are:
50
574
576
5,255
5,979
5,979
557
5,075,420
5,075,420
5,075,420
5,075,420
5,157
5,157
55,000
59
5,075,420
5,083
55
5,075,420
5,083
517,532
5,075,420
5,083
54
54
510
5,650
5,878
574
574
50
50
57
54
517,532
576
549
549
53
5.0
5,157
5,800,000
510
5,700,000
56
59
5,075,420
5,075,420
5,075,420
5,075,420
50
We found 15 numbers that start with the digit 6. Here they are:
639
605
66,316
6,523
68
6,994
61
66
66
61
6
60
67
685,230
60
7's 8's 9's
We found 42 numbers that start with the digit 7. Here they are:
75
715
78,307
74,406
77,656
724
740
740
740
79
76
74,406
77,656
74
74
76,323
78,307
740
740
7,734
740
7
7
7,122
75
7,044
7
76
75
75
76
76
740
75
76
73
74
79
76
75
75
75800000
We found 24 numbers that start with the digit 8. Here they are:
887
851
82,730
840
824
824
84
83
80
80,862
82,730
887
8.4
851
84
84
80
80
8,800,000
8.05
865,230
83
80
8.4
We found 4 numbers that start with the digit 9. Here they are:
90
929
94
96
While the above HOVR 10Q Filed 1/14/2025 is interesting in isolation, we have found that it is also useful to take a look at older NEW HORIZON AIRCRAFT LTD. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 1/14/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical HOVR 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

27.1
20.2
10.5
7.4
13.0
3.8
10.7
6.1
1.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 36
XBRL?   [ original filing ]
Total numbers found: 391

= Typical HOVR range from 3/29/2023 to 1/14/2025
34.5
11.9
8.8
10.3
12.4
6.7
7.0
5.2
3.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 69
XBRL?   [ original filing ]
Total numbers found: 388

= Typical HOVR range from 3/29/2023 to 1/14/2025
40.1
15.1
12.2
11.1
10.8
4.3
1.1
3.9
1.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 87
XBRL?   [ original filing ]
Total numbers found: 279

= Typical HOVR range from 3/29/2023 to 1/14/2025
29.2
19.3
11.1
10.5
11.7
5.7
7.5
3.0
1.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 76
XBRL?   [ original filing ]
Total numbers found: 332

= Typical HOVR range from 3/29/2023 to 1/14/2025
37.7
15.0
8.7
8.7
11.4
5.4
2.1
9.3
1.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 55
XBRL?   [ original filing ]
Total numbers found: 334

= Typical HOVR range from 3/29/2023 to 1/14/2025
39.3
11.9
16.0
10.0
11.4
5.0
1.4
4.6
0.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 54
XBRL?   [ original filing ]
Total numbers found: 219

= Typical HOVR range from 3/29/2023 to 1/14/2025
31.4
14.6
10.0
9.4
13.7
4.9
6.9
5.7
3.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 71
XBRL?   [ original filing ]
Total numbers found: 350

= Typical HOVR range from 3/29/2023 to 1/14/2025
40.9
14.8
10.7
9.6
8.1
4.6
2.3
8.1
0.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 76
XBRL?   [ original filing ]
Total numbers found: 345

= Typical HOVR range from 3/29/2023 to 1/14/2025
39.2
13.1
10.8
10.8
10.0
3.8
0.0
10.8
1.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 45
XBRL?   [ original filing ]
Total numbers found: 130

= Typical HOVR range from 3/29/2023 to 1/14/2025
 

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