Nova Competitors

Delisted . USA . 
Stock . Nova Royalty Corp
NOVRFDelisted Stock  USD 1.23  0.01  0.81%   
Nova Royalty Corp competes with Lotus Resources, Global Atomic, CanAlaska Uranium, Boss Resources, and Forsys Metals; as well as few others. The company classifies itself under Basic Materials sector and is part of Other Industrial Metals & Mining industry. Analyzing Nova Royalty competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Nova Royalty to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Nova Royalty competition on your existing holdings.
  
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Hype
Prediction
LowEstimatedHigh
1.231.231.23
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Intrinsic
Valuation
LowRealHigh
1.041.041.35
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Nova Royalty Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Nova Royalty and its competitors represents the degree of relationship between the price movements of corresponding otcs. A correlation of about +1.0 implies that the price of Nova and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Nova Royalty Corp does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
BQSSF
+ 0.78
LTSRF
FDCFF
+ 0.73
BQSSF
FOSYF
+ 0.72
BQSSF
ADVZF
+ 0.69
GLATF
CURUF
+ 0.65
CVVUF
FDCFF
+ 0.65
CURUF
  
High negative correlations   
CURUF
- 0.68
GLATF
CVVUF
- 0.52
SRLZF
CURUF
- 0.47
SRLZF
BQSSF
- 0.46
SRLZF
CURUF
- 0.42
ADVZF
FOSYF
- 0.42
SRLZF

Risk-Adjusted Indicators

There is a big difference between Nova OTC Stock performing well and Nova Royalty OTC Stock doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Nova Royalty's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
LTSRF  4.47  0.24  0.02  1.07  4.78 
(7.66)
 11.11 
(6.67)
 27.62 
GLATF  2.88 (0.53) 0.00 (0.35) 0.00 
 0.00 
 8.08 
(4.90)
 32.41 
SRLZF  2.31  0.10  0.00  0.05  0.00 
 0.00 
 16.67 
(14.29)
 33.33 
CVVUF  2.87  0.15  0.02  0.46  3.13 
(3.37)
 6.12 
(5.36)
 20.23 
ADVZF  3.40  0.28  0.00 (0.14) 5.29 
(4.85)
 8.11 
(6.06)
 36.35 
CURUF  2.97  0.26  0.05  0.70  3.25 
(3.70)
 8.33 
(5.66)
 23.37 
BQSSF  3.15  0.19  0.01 (0.38) 3.11 
(4.00)
 8.24 
(5.24)
 17.27 
FOSYF  4.33  0.09  0.02  0.18  4.93 
(7.07)
 10.26 
(7.84)
 28.05 
FDCFF  5.98  0.04  0.02  0.13  6.61 
(11.33)
 14.29 
(12.50)
 29.17 
AGCCF  9.27  3.47  0.00 (0.44) 0.00 
 0.00 
 0.00 
 0.00 
 200.00 
All Fundamental Data

Nova Royalty Competitive Analysis

The better you understand Nova Royalty competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Nova Royalty's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Nova Royalty's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
NOVRF LTSRF GLATF SRLZF CVVUF ADVZF CURUF BQSSF FOSYF FDCFF
 0.81 
 1.23 
Nova
 6.67 
 0.16 
Lotus
 1.30 
 0.76 
Global
 6.00 
 0.06 
Salazar
 1.82 
 0.54 
CanAlaska
 0.00 
 0.32 
Adventus
 4.00 
 1.04 
Consolidated
 2.03 
 2.01 
Boss
 2.13 
 0.48 
Forsys
 3.57 
 0.07 
Forum
Market Volatility
(90 Days Market Risk)
Very steady
Out of control
Abnormally volatile
Out of control
Abnormally volatile
Very steady
Very steady
Very risky
Out of control
Out of control
Market Performance
(90 Days Performance)
Very Weak
Very Weak
Very Weak
Very Weak
Modest
Very Weak
Very Weak
Weak
Insignificant
Modest
Odds of Financial Distress
(Probability Of Bankruptcy)
Dangerous
Low
Quite High
Quite High
About Average
Dangerous
Dangerous
Quite High
Above Average
Quite High
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Not Rated
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Not Rated
Not Rated
Strong Sell
Strong Sell
Strong Sell
Current Ratio
0.86
0.63
15.23
4.28
8.51
5.18
13.24
55.94
295.99
4.35
Net Asset
85.82 M
66.61 M
1.88 B
29.18 M
16.19 M
98.19 M
34.61 M
248.18 M
24.86 M
5.97 M
Profit Margin
N/A
N/A
N/A
N/A
N/A
N/A
N/A
0.82
N/A
N/A
EBITDA
(8.2 M)
(12.82 M)
(3.93 M)
(1.63 M)
(6.05 M)
(2.81 M)
(70.74 M)
31.38 M
(3.86 M)
(4.04 M)
Operating Margin
-3.71
-83.84
-7.55
N/A
N/A
N/A
N/A
-0.16
N/A
N/A
Current Valuation
109.26 M
171.39 M
442.41 M
15.23 M
25.32 M
52.61 M
70.71 M
429.32 M
59.81 M
12.23 M
Price To Book
1.85
17.08
5.94
0.88
3.96
0.61
5.43
3.18
3.66
5.09
Retained Earnings
N/A
N/A
N/A
N/A
(63.4 M)
N/A
N/A
N/A
N/A
N/A
Current Asset
N/A
N/A
N/A
N/A
2.19 M
N/A
N/A
N/A
N/A
N/A
Beta
1.88
2.53
1.65
0.47
2.31
1.04
1.82
0.77
1.02
1.56
Number Of Employees
3
19
7
14
17
17
4
2
4
15
Shares Outstanding
85.33 M
1.33 B
180.43 M
182.71 M
122.52 M
179.63 M
96.22 M
352.58 M
195.17 M
183.79 M
Cash Flow From Operations
(4.49 M)
(9.96 M)
70.98 M
(1.56 M)
(5.86 M)
(1.84 M)
(21.84 M)
(4.35 M)
(1.35 M)
(3.93 M)
Annual Yield
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Total Debt
4.9 M
10.79 M
738.08 M
N/A
290 K
N/A
48.88 K
141.38 K
N/A
67.1 K
Return On Equity
-0.14
-0.7
-0.087
-0.0114
-0.35
0.15
-2.67
0.19
0.21
-0.94
Z Score
12.0
12.0
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Return On Asset
-0.0531
-0.11
-0.0615
-0.12
-0.28
0.0945
-1.6
-0.0226
-0.0384
-0.5
Book Value Per Share
0.9
0.013
0.58
0.17
0.15
0.62
0.28
0.67
0.14
0.021
Current Liabilities
N/A
N/A
N/A
N/A
168 K
N/A
N/A
N/A
N/A
N/A
Total Asset
85.82 M
66.61 M
1.88 B
29.18 M
16.19 M
98.19 M
34.61 M
248.18 M
24.86 M
5.97 M
Debt To Equity
0.1
0.33
0.007
0.02
0.024
N/A
0.002
N/A
0.01
0.018
Shares Owned By Institutions
0.69
22.58
14.99
14.4
18.39
26.31
11.13
34.27
24.19
0.1
Market Capitalization
98.12 M
216.48 M
467.31 M
17.5 M
54.11 M
69.16 M
111.61 M
648.37 M
71.12 M
15.27 M
Price To Earning
N/A
N/A
N/A
8.0
-4.14
1.65
N/A
785.0
51.0
-2.13
Price To Sales
113.73
1025.55
389.18
N/A
N/A
N/A
N/A
13.3
N/A
N/A
Net Income
(9.42 M)
(12 M)
6.94 M
2.73 M
(6.18 M)
19.12 M
(73 M)
31.19 M
(3.86 M)
(3.43 M)
Earnings Per Share
-0.095
-0.005
-0.029
0.01
-0.063
0.13
-1.02
0.07
0.03
-0.02
Shares Owned By Insiders
20.61
21.58
12.37
20.25
2.79
2.0
16.08
6.25
37.5
6.48
Revenue
703.04 K
166.93 K
957.72 K
N/A
N/A
N/A
N/A
38.04 M
N/A
N/A
Working Capital
N/A
N/A
N/A
N/A
2.03 M
N/A
N/A
N/A
N/A
N/A
Cash And Equivalents
936.58 K
4.88 M
14.96 M
740.75 K
12.41 M
17.74 M
25.14 M
132.74 M
17.9 M
3.14 M
Cash Per Share
0.01
N/A
0.08
N/A
0.12
0.11
0.33
0.38
0.09
0.02
Gross Profit
703.04 K
19.75 K
957.72 K
(481.19 K)
N/A
N/A
(57.74 M)
476.82 K
N/A
N/A
Day Typical Price
1.25
0.16
0.76
0.0564
0.54
0.32
1.03
1.99
0.48
0.0667
Accumulation Distribution
0.0465
0.12
994.81
N/A
N/A
N/A
0.0385
0.0347
N/A
5534.96
Market Facilitation Index
0.06
0.02
0.0
N/A
N/A
N/A
0.04
0.07
N/A
N/A
Daily Balance Of Power
(0.17)
0.5
(0.50)
(9,223,372,036,855)
(9,223,372,036,855)
0.0
1.0
0.5714
9.2 T
(1.00)
Period Momentum Indicator
(0.01)
0.01
(0.01)
(0)
(0.01)
N/A
0.04
0.04
0.01
(0)
Rate Of Daily Change
0.99
1.07
0.99
0.94
0.98
1.0
1.04
1.02
1.02
0.96
Day Median Price
1.26
0.16
0.76
0.0564
0.54
0.32
1.02
1.99
0.48
0.0663
Price Action Indicator
(0.04)
0.005
(0.01)
(0)
(0.01)
N/A
0.04
0.045
0.005
N/A
Coefficient Of Variation
8963.98
2181.64
(1,201)
(10,602)
1759.19
3393.96
1300.32
2585.08
2408.17
2275.7
Mean Deviation
2.17
4.47
2.88
2.31
2.87
3.4
2.97
3.15
4.33
5.98
Jensen Alpha
0.0584
0.2372
(0.53)
0.1049
0.1496
0.2849
0.2566
0.189
0.0877
0.0354
Total Risk Alpha
(0.46)
(0.67)
(1.11)
(1.00)
(0.38)
(0.72)
(0.34)
(0.47)
(0.73)
(0.95)
Sortino Ratio
(0.03)
0.02
N/A
N/A
0.0221
0.0046
0.05
0.0078
0.02
0.0206
Downside Variance
7.21
54.87
N/A
N/A
14.02
64.18
14.54
10.69
45.12
137.9
Standard Deviation
3.13
6.04
4.62
6.0
3.72
5.62
4.15
3.99
6.33
8.44
Kurtosis
3.53
(0.05)
9.93
5.13
1.55
10.17
2.13
0.1245
2.86
(0.64)
Potential Upside
4.24
11.11
8.08
16.67
6.12
8.11
8.33
8.24
10.26
14.29
Treynor Ratio
(0.09)
1.07
(0.35)
0.0461
0.4604
(0.14)
0.6976
(0.38)
0.1816
0.1315
Maximum Drawdown
16.92
27.62
32.41
33.33
20.23
36.35
23.37
17.27
28.05
29.17
Variance
9.8
36.51
21.39
36.03
13.85
31.58
17.22
15.89
40.12
71.28
Market Risk Adjusted Performance
(0.08)
1.08
(0.34)
0.0561
0.4704
(0.13)
0.7076
(0.37)
0.1916
0.1415
Risk Adjusted Performance
0.0161
0.0438
(0.06)
0.0015
0.0514
0.0312
0.0669
0.0376
0.0405
0.0427
Skewness
1.19
0.131
(1.56)
0.44
0.7266
(1.23)
0.8588
0.7071
0.2448
0.1265
Semi Deviation
2.34
4.78
N/A
N/A
3.13
5.29
3.25
3.11
4.93
6.61
Information Ratio
(0.03)
0.0245
(0.11)
(0.03)
0.0223
0.0066
0.0459
0.0064
0.0212
0.0287
Value At Risk
(4.44)
(6.67)
(4.90)
(14.29)
(5.36)
(6.06)
(5.66)
(5.24)
(7.84)
(12.50)
Expected Short fall
(3.15)
(7.66)
N/A
N/A
(3.37)
(4.85)
(3.70)
(4.00)
(7.07)
(11.33)
Downside Deviation
2.68
7.41
N/A
N/A
3.74
8.01
3.81
3.27
6.72
11.74
Semi Variance
5.46
22.88
N/A
N/A
9.79
28.01
10.57
9.69
24.34
43.63

Nova Royalty Competition Performance Charts

Five steps to successful analysis of Nova Royalty Competition

Nova Royalty's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Nova Royalty Corp in relation to its competition. Nova Royalty's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Nova Royalty in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Nova Royalty's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Nova Royalty Corp, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Nova Royalty position

In addition to having Nova Royalty in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Size And Style ETFs Theme or any other thematic opportunities.
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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

Other Consideration for investing in Nova OTC Stock

If you are still planning to invest in Nova Royalty Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Nova Royalty's history and understand the potential risks before investing.
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