Nova Competitors
| NVMI Stock | USD 487.18 10.11 2.12% |
Nova vs Entegris Correlation
Almost no diversification
The correlation between Nova and ENTG is 0.97 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nova and ENTG in the same portfolio, assuming nothing else is changed.
Moving together with Nova Stock
| 0.83 | TXN | Texas Instruments Buyout Trend | PairCorr |
| 0.85 | INTC | Intel Upward Rally | PairCorr |
| 0.97 | KLAC | KLA Tencor | PairCorr |
| 0.76 | 688498 | Yuanjie Semiconductor | PairCorr |
Moving against Nova Stock
| 0.46 | QCOM | Qualcomm Incorporated Earnings Call This Week | PairCorr |
| 0.44 | MMSI | Merit Medical Systems | PairCorr |
| 0.43 | ARM | Arm Holdings plc Earnings Call This Week | PairCorr |
| 0.33 | IMBBY | Imperial Brands PLC | PairCorr |
Nova Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Nova and its competitors represents the degree of relationship between the price movements of corresponding stocks. 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 does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Nova Stock performing well and Nova 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'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TSEM | 2.65 | 0.87 | 0.30 | 0.51 | 2.66 | 5.57 | 24.44 | |||
| RMBS | 3.27 | 0.26 | 0.08 | 0.19 | 4.19 | 7.77 | 21.96 | |||
| AMKR | 3.19 | 0.63 | 0.19 | 0.31 | 3.16 | 8.71 | 25.50 | |||
| SWKS | 1.70 | (0.54) | 0.00 | (0.27) | 0.00 | 2.88 | 15.56 | |||
| LSCC | 2.13 | 0.23 | 0.09 | 0.20 | 2.68 | 5.21 | 16.61 | |||
| MKSI | 2.36 | 0.75 | 0.27 | 0.70 | 2.26 | 5.36 | 17.56 | |||
| IDCC | 1.98 | (0.16) | 0.00 | (0.71) | 0.00 | 3.53 | 17.55 | |||
| MTSI | 2.26 | 0.73 | 0.26 | 0.99 | 2.03 | 4.93 | 18.11 | |||
| QRVO | 1.50 | (0.35) | 0.00 | (0.17) | 0.00 | 2.47 | 13.27 | |||
| ENTG | 2.60 | 0.32 | 0.13 | 0.19 | 2.79 | 6.74 | 12.30 |
Cross Equities Net Income Analysis
Compare Nova and related stocks such as Tower Semiconductor, Rambus Inc, and Amkor Technology Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TSEM | 7.8 M | (18.5 M) | (70.3 M) | (107.7 M) | 4.3 M | (29.6 M) | 203.9 M | 298 M | 135.6 M | 90 M | 82.3 M | 150 M | 264.6 M | 518.5 M | 207.9 M | 239 M | 251 M |
| RMBS | (6.6 M) | (43.1 M) | (134.3 M) | (33.7 M) | 26.2 M | 211.4 M | 6.8 M | (22.9 M) | (158 M) | (90.4 M) | (40.5 M) | 18.3 M | (14.3 M) | 333.9 M | 179.8 M | 206.8 M | 217.1 M |
| AMKR | 43.3 M | 91.8 M | 62 M | 109.3 M | 130.4 M | 57.6 M | 164.2 M | 260.7 M | 127.1 M | 120.9 M | 338.1 M | 643 M | 765.8 M | 359.8 M | 354 M | 407.1 M | 427.5 M |
| SWKS | (900 K) | 202.1 M | 278.1 M | 457.7 M | 798.3 M | 995.2 M | 1 B | 918.4 M | 853.6 M | 814.8 M | 1.5 B | 1.3 B | 982.8 M | 596 M | 477.1 M | 548.7 M | 298 M |
| LSCC | 2.2 M | 78.2 M | (29.6 M) | 22.3 M | 48.6 M | (159.2 M) | (54.1 M) | (70.6 M) | (26.3 M) | 43.5 M | 47.4 M | 95.9 M | 178.9 M | 259.1 M | 61.1 M | 70.3 M | 73.8 M |
| MKSI | 7.2 M | 129.7 M | 48 M | 35.8 M | 115.8 M | 122.3 M | 104.8 M | 339.1 M | 392.9 M | 140.4 M | 350 M | 551 M | 333 M | (1.8 B) | 190 M | 171 M | 179.6 M |
| IDCC | (7.9 M) | 89.5 M | 271.8 M | 38.2 M | 104.3 M | 119.2 M | 309 M | 174.3 M | 63.9 M | 20.9 M | 44.8 M | 55.3 M | 93.7 M | 214.1 M | 358.6 M | 412.4 M | 433 M |
| MTSI | 4.2 M | (1 M) | 27.7 M | (15.3 M) | 48.6 M | 1.4 M | (169.5 M) | (140 M) | (383.8 M) | (46.1 M) | 38 M | 440 M | 91.6 M | 76.9 M | (54.2 M) | (62.3 M) | (59.2 M) |
| QRVO | 50.1 M | 857 K | (53 M) | 12.6 M | 196.3 M | (28.8 M) | (16.6 M) | (40.3 M) | 133.1 M | 334.3 M | 733.6 M | 1 B | 103.2 M | (70.3 M) | 55.6 M | 64 M | 60.8 M |
| ENTG | 6 M | 123.8 M | 68.8 M | 74.5 M | 7.9 M | 80.3 M | 97.1 M | 85.1 M | 240.8 M | 254.9 M | 295 M | 409.1 M | 208.9 M | 180.7 M | 292.8 M | 336.7 M | 353.5 M |
Nova and related stocks such as Tower Semiconductor, Rambus Inc, and Amkor Technology Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Nova financial statement analysis. It represents the amount of money remaining after all of Nova operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Nova Competitive Analysis
The better you understand Nova competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Nova'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'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 |
Nova Competition Performance Charts
Five steps to successful analysis of Nova Competition
Nova'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 in relation to its competition. Nova's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Nova 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's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Nova, 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.
Complement your Nova position
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Latest Gainers
Dynamically computed list of top equities currently sorted across major exchanges. The Latest Gainers theme has 156 constituents at this time.
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Check out Nova Correlation with its peers. For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is there potential for Semiconductors & Semiconductor Equipment market expansion? Will Nova introduce new products? Factors like these will boost the valuation of Nova. Anticipated expansion of Nova directly elevates investor willingness to pay premium valuations. Understanding fair value requires weighing current performance against future potential. All the valuation information about Nova listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.188 | Earnings Share 7.68 | Revenue Per Share | Quarterly Revenue Growth 0.255 | Return On Assets |
Nova's market price often diverges from its book value, the accounting figure shown on Nova's balance sheet. Smart investors calculate Nova's intrinsic value—its true economic worth—which may differ significantly from both market price and book value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Since Nova's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
It's important to distinguish between Nova's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Nova should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. However, Nova's 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.