Nova Competitors

Pink Sheets . USA . 
Stock . Nova Minerals Limited
NVAAF Stock  USD 0.11  0.00  0.00%   
Nova Minerals Limited competes with Ardea Resources, Aurelia Metals, Centaurus Metals, Mundoro Capital, and Azimut Exploration; as well as few others. The company classifies itself under Basic Materials sector and is part of Other Industrial Metals & Mining industry. Analyzing Nova Minerals 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 Minerals to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Nova Minerals Correlation with its peers.
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 Minerals competition on your existing holdings.
  
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Hype
Prediction
LowEstimatedHigh
0.010.112.89
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Intrinsic
Valuation
LowRealHigh
0.000.092.87
Details
Naive
Forecast
LowNextHigh
00.112.89
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Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.110.110.11
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Nova Minerals. Your research has to be compared to or analyzed against Nova Minerals' peers to derive any actionable benefits. When done correctly, Nova Minerals' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Nova Minerals Limited.

Nova Minerals Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Nova Minerals and its competitors represents the degree of relationship between the price movements of corresponding pink sheets. 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 Minerals Limited does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
AUMTF
+ 0.56
ARRRF
ASDRF
+ 0.56
CBRSF
CBRSF
+ 0.55
AUMTF
BRYGF
+ 0.52
MUNMF
MUNMF
+ 0.45
ANSNF
ARTTF
+ 0.45
ANSNF
  
High negative correlations   
CBRSF
- 0.66
ANSNF
BRYGF
- 0.64
CTTZF
ARTTF
- 0.58
CBRSF
ASDRF
- 0.48
ANSNF
BRYGF
- 0.43
ARRRF
MUNMF
- 0.42
CTTZF

Risk-Adjusted Indicators

There is a big difference between Nova Pink Sheet performing well and Nova Minerals Company 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 Minerals' 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
ANSNF  3.17 (0.22) 0.00 (0.10) 0.00 
 0.00 
 13.64 
(14.29)
 51.84 
ARRRF  1.87 (0.11) 0.00 (0.24) 0.00 
 0.00 
 3.85 
(7.69)
 39.58 
AUMTF  0.60  0.05  0.00 (0.34) 0.00 
 0.00 
 0.00 
 0.00 
 36.67 
CTTZF  3.62  0.44  0.04 (0.54) 3.75 
(6.34)
 7.69 
(7.41)
 29.17 
EDDYF  5.12  0.30  0.02  0.30  7.73 
(24.66)
 31.94 
(16.53)
 87.64 
MUNMF  1.43 (0.14) 0.00 (0.14) 0.00 
 0.00 
 7.14 
(6.67)
 14.84 
CBRSF  5.03  2.53  0.00 (0.53) 0.00 
 0.00 
 0.00 
 0.00 
 183.33 
BRYGF  1.66 (0.08) 0.00 (0.06) 0.00 
 0.00 
 0.00 
 0.00 
 42.00 
ARTTF  13.89  2.73  0.06 (0.60) 15.18 
(59.57)
 31.91 
(35.00)
 251.10 
ASDRF  6.91  1.14  0.03 (1.82) 9.12 
(26.41)
 33.33 
(25.00)
 83.33 
All Fundamental Data

Nova Minerals Competitive Analysis

The better you understand Nova Minerals competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Nova Minerals' 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 Minerals' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
NVAAF ANSNF ARRRF AUMTF CTTZF EDDYF MUNMF CBRSF BRYGF ARTTF
 0.00 
 0.11 
Nova
 7.00 
 0.05 
Anson
 7.69 
 0.24 
Ardea
 0.00 
 0.15 
Aurelia
 3.45 
 0.28 
Centaurus
 10.51 
 0.07 
Edison
 7.14 
 0.13 
Mundoro
 0.00 
 0.04 
Champion
 0.00 
 0.01 
Baroyeca
 23.08 
 0.01 
Artemis
Market Volatility
(90 Days Market Risk)
Out of control
Out of control
Out of control
Out of control
Out of control
Out of control
Out of control
Out of control
Out of control
Out of control
Market Performance
(90 Days Performance)
OK
Very Weak
Very Weak
Weak
Modest
Insignificant
Very Weak
OK
Very Weak
OK
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Quite High
Below Average
Quite High
Quite High
Quite High
Above Average
Quite High
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Fairly 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)
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Current Ratio
5.38
1.16
17.08
1.3
7.11
17.06
2.79
0.01
6.84
4.2
Net Asset
108.33 M
12.93 M
50.6 M
562.25 M
26.85 M
9.85 M
4.71 M
4.9 M
9.2 M
67.67 M
Profit Margin
N/A
N/A
N/A
-0.19
N/A
N/A
N/A
N/A
N/A
N/A
EBITDA
(5.09 M)
(6.42 M)
(2.05 M)
(65.82 M)
(16.86 M)
(1.53 M)
(2.09 M)
(320.72 K)
(1.84 M)
(8.59 M)
Current Valuation
86.68 M
160.59 M
81.99 M
100.44 M
308.59 M
2.3 M
10.32 M
3.57 M
1.95 M
16.22 M
Price To Book
1.58
34.78
3.11
0.56
7.13
0.63
4.95
6.61
0.42
0.49
Operating Margin
N/A
N/A
-93.76
-0.29
N/A
N/A
N/A
N/A
N/A
-159.98
Retained Earnings
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Current Asset
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Beta
0.91
0.95
1.4
1.13
1.22
0.67
0.26
0.67
2.61
0.37
Number Of Employees
8
3
12
3
11
6
13
11
7
15
Shares Outstanding
210.05 M
1.18 B
171.5 M
1.24 B
427.11 M
115.18 M
103.81 M
57.37 M
53.54 M
1.39 B
Cash Flow From Operations
(2.86 M)
(4.56 M)
(2.07 M)
154.09 M
(15.22 M)
(1.09 M)
(1.89 M)
(305.7 K)
(2.06 M)
(3.86 M)
Annual Yield
N/A
N/A
N/A
0.24
N/A
N/A
N/A
N/A
N/A
N/A
Total Debt
862.37 K
1.19 M
280.29 K
8.59 M
872.85 K
N/A
60 K
N/A
10 K
153.45 K
Return On Equity
0.44
-1.32
-0.13
-0.22
-0.6
-0.14
-0.29
-0.17
-0.31
-0.13
Z Score
64.8
90.0
N/A
7.2
N/A
N/A
N/A
N/A
N/A
85.2
Return On Asset
-0.38
-0.36
-0.0301
-0.13
-0.32
-0.0907
-0.12
-0.0376
-0.19
-0.0516
Book Value Per Share
0.54
0.007
0.29
0.27
0.17
0.085
0.034
0.03
0.16
0.043
Current Liabilities
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Total Asset
108.33 M
12.93 M
50.6 M
562.25 M
26.85 M
9.85 M
4.71 M
4.9 M
9.2 M
67.67 M
Debt To Equity
0.016
0.16
0.005
0.14
0.012
N/A
0.016
1.39
0.003
0.002
Shares Owned By Institutions
4.43
N/A
0.59
33.55
20.0
N/A
35.47
N/A
N/A
11.08
Market Capitalization
93.37 M
178.74 M
87.43 M
109.08 M
347.45 M
4.87 M
14.74 M
5.55 M
1.93 M
21.85 M
Price To Earning
4.42
N/A
N/A
2.5
N/A
N/A
-3.76
-11.5
5.45
4.6
Price To Sales
1.05
233397.0
4538.32
0.29
1458.48
N/A
N/A
N/A
N/A
966.7
Net Income
34.68 M
(6.75 M)
(5.33 M)
(81.69 M)
(16.99 M)
(1.45 M)
(1.96 M)
(337.68 K)
(1.84 M)
(7.53 M)
Earnings Per Share
0.12
-0.005
-0.012
0.02
-0.035
-0.015
-0.016
-0.005
-0.067
-0.005
Shares Owned By Insiders
22.3
23.22
24.23
21.98
35.84
1.0
0.5
14.95
24.72
15.2
Revenue
91.11 M
732
22.24 K
438.81 M
265.86 K
N/A
N/A
N/A
N/A
33.39 K
Working Capital
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Cash And Equivalents
21.28 M
5.73 M
22.02 M
76.69 M
60.13 M
2.64 M
4.12 M
37.24 K
1.46 M
12.39 M
Cash Per Share
0.12
N/A
0.13
0.06
0.14
0.02
0.04
N/A
0.03
0.01
Gross Profit
N/A
(117.18 K)
22.24 K
22.45 M
265.86 K
(10.91 K)
N/A
N/A
N/A
33.39 K
Day Typical Price
0.11
0.0465
0.24
0.15
0.27
0.069
0.13
0.04
0.0142
0.0084
Accumulation Distribution
N/A
N/A
N/A
N/A
0.11
N/A
N/A
N/A
N/A
0.12
Market Facilitation Index
N/A
N/A
N/A
N/A
0.03
N/A
N/A
N/A
N/A
0.0011
Daily Balance Of Power
0.0
(9,223,372,036,855)
(9,223,372,036,855)
0.0
(0.33)
(9,223,372,036,855)
(9,223,372,036,855)
0.0
0.0
1.363636
Period Momentum Indicator
N/A
(0)
(0.02)
N/A
(0.01)
(0.01)
(0.01)
N/A
N/A
0.0015
Rate Of Daily Change
1.0
0.93
0.92
1.0
0.97
0.89
0.93
1.0
1.0
1.23
Day Median Price
0.11
0.0465
0.24
0.15
0.27
0.069
0.13
0.04
0.0142
0.0086
Price Action Indicator
N/A
(0)
(0.01)
N/A
0.01
(0)
(0.01)
N/A
N/A
2.0E-4
Relative Strength Index
N/A
16.72
99.49
100.0
13.33
22.78
61.07
100.0
89.75
63.77
Coefficient Of Variation
812.4
(8,210)
(7,486)
6392.91
1431.99
2505.84
(4,936)
922.69
(42,425)
1359.57
Mean Deviation
0.6632
3.17
1.87
0.6045
3.62
5.12
1.43
5.03
1.66
13.89
Jensen Alpha
0.2972
(0.22)
(0.11)
0.055
0.4351
0.2956
(0.14)
2.53
(0.08)
2.73
Total Risk Alpha
(0.10)
(1.32)
(0.83)
(0.47)
(0.47)
(1.51)
(0.57)
(0.95)
(1.17)
(2.62)
Sortino Ratio
N/A
N/A
N/A
N/A
0.0402
0.0181
N/A
N/A
N/A
0.0561
Downside Variance
N/A
N/A
N/A
N/A
34.21
436.91
N/A
N/A
N/A
1474.56
Standard Deviation
2.74
7.71
4.8
3.23
5.24
12.74
3.14
19.11
7.24
31.06
Kurtosis
66.0
6.61
10.17
33.57
1.82
9.11
2.42
57.7
23.06
17.84
Potential Upside
N/A
13.64
3.85
N/A
7.69
31.94
7.14
N/A
N/A
31.91
Treynor Ratio
1.34
(0.10)
(0.24)
(0.34)
(0.54)
0.2969
(0.14)
(0.53)
(0.06)
(0.60)
Maximum Drawdown
22.22
51.84
39.58
36.67
29.17
87.64
14.84
183.33
42.0
251.1
Variance
7.48
59.38
23.04
10.42
27.48
162.24
9.86
365.05
52.47
964.68
Market Risk Adjusted Performance
1.35
(0.09)
(0.23)
(0.33)
(0.53)
0.3069
(0.13)
(0.52)
(0.05)
(0.59)
Risk Adjusted Performance
0.1016
(0.0003)
(0)
0.0196
0.0621
0.04
(0.01)
0.0927
0.0071
0.0662
Skewness
8.12
0.558
0.2398
1.54
0.7219
1.54
0.1004
7.27
1.44
3.23
Semi Deviation
N/A
N/A
N/A
N/A
3.75
7.73
N/A
N/A
N/A
15.18
Information Ratio
0.0753
(0.03)
(0.04)
(0.02)
0.0449
0.0296
(0.06)
0.1015
(0.02)
0.0693
Value At Risk
N/A
(14.29)
(7.69)
N/A
(7.41)
(16.53)
(6.67)
N/A
N/A
(35.00)
Expected Short fall
N/A
N/A
N/A
N/A
(6.34)
(24.66)
N/A
N/A
N/A
(59.57)
Downside Deviation
N/A
N/A
N/A
N/A
5.85
20.9
N/A
N/A
N/A
38.4
Semi Variance
N/A
N/A
N/A
N/A
14.07
59.75
N/A
N/A
N/A
230.5

Nova Minerals Competition Performance Charts

Five steps to successful analysis of Nova Minerals Competition

Nova Minerals' 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 Minerals Limited in relation to its competition. Nova Minerals' competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Nova Minerals 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 Minerals' competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Nova Minerals Limited, 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 Minerals position

In addition to having Nova Minerals 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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Diversified Assets Theme
Pablicly traded close-end funds and other entities backed by different types of diversified investments. The Diversified Assets theme has 40 constituents at this time.
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 Diversified Assets Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in Nova Pink Sheet

When determining whether Nova Minerals Limited is a strong investment it is important to analyze Nova Minerals' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nova Minerals' future performance. For an informed investment choice regarding Nova Pink Sheet, refer to the following important reports:
How To Invest In Nova
Details
Is Nova Pink Sheet a good investment?
Details
What is Nova Minerals' Net Worth?
Details
Largest Precious Metals Companies
View
Largest Other Industrial Metals & Mining Companies
View
Check out Nova Minerals Correlation with its peers.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Altman
Z Score
Details
Intrinsic
Valuation
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
Please note, there is a significant difference between Nova Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova Minerals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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