Nova Lifestyle Stock Forward View
| NVFYDelisted Stock | USD 5.38 0.27 4.78% |
Nova Stock outlook is based on your current time horizon.
The value of RSI of Nova Lifestyle's stock price is slightly above 64. This indicates that the stock is rather overbought by investors at this time. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Nova, making its price go up or down. Momentum 64
Buy Extended
Oversold | Overbought |
Using Nova Lifestyle hype-based prediction, you can estimate the value of Nova Lifestyle I from the perspective of Nova Lifestyle response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Nova Lifestyle I on the next trading day is expected to be 4.75 with a mean absolute deviation of 0.24 and the sum of the absolute errors of 14.42. Nova Lifestyle after-hype prediction price | USD 5.58 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as delisted stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Nova |
Nova Lifestyle Additional Predictive Modules
Most predictive techniques to examine Nova price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Nova using various technical indicators. When you analyze Nova charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Nova Lifestyle Naive Prediction Price Forecast For the 5th of February
Given 90 days horizon, the Naive Prediction forecasted value of Nova Lifestyle I on the next trading day is expected to be 4.75 with a mean absolute deviation of 0.24, mean absolute percentage error of 0.12, and the sum of the absolute errors of 14.42.Please note that although there have been many attempts to predict Nova Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Nova Lifestyle's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Nova Lifestyle Stock Forecast Pattern
| Backtest Nova Lifestyle | Nova Lifestyle Price Prediction | Research Analysis |
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Nova Lifestyle stock data series using in forecasting. Note that when a statistical model is used to represent Nova Lifestyle stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 115.9557 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.2365 |
| MAPE | Mean absolute percentage error | 0.0747 |
| SAE | Sum of the absolute errors | 14.4246 |
Predictive Modules for Nova Lifestyle
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nova Lifestyle I. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Nova Lifestyle After-Hype Price Density Analysis
As far as predicting the price of Nova Lifestyle at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Nova Lifestyle or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Nova Lifestyle, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Nova Lifestyle Estimiated After-Hype Price Volatility
In the context of predicting Nova Lifestyle's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Nova Lifestyle's historical news coverage. Nova Lifestyle's after-hype downside and upside margins for the prediction period are 4.53 and 6.63, respectively. We have considered Nova Lifestyle's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Nova Lifestyle is somewhat reliable at this time. Analysis and calculation of next after-hype price of Nova Lifestyle I is based on 3 months time horizon.
Nova Lifestyle Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Nova Lifestyle is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Nova Lifestyle backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Delisted Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Nova Lifestyle, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.61 | 1.05 | 0.20 | 0.13 | 8 Events / Month | 7 Events / Month | In about 8 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
5.38 | 5.58 | 3.72 |
|
Nova Lifestyle Hype Timeline
Nova Lifestyle I is now traded for 5.38. The entity has historical hype elasticity of 0.2, and average elasticity to hype of competition of -0.13. Nova is forecasted to increase in value after the next headline, with the price projected to jump to 5.58 or above. The average volatility of media hype impact on the company the price is over 100%. The price jump on the next news is projected to be 3.72%, whereas the daily expected return is now at -0.61%. The volatility of related hype on Nova Lifestyle is about 486.11%, with the expected price after the next announcement by competition of 5.25. Nova Lifestyle I currently holds 2.12 M in liabilities with Debt to Equity (D/E) ratio of 0.18, which may suggest the company is not taking enough advantage from borrowing. Given the investment horizon of 90 days the next forecasted press release will be in about 8 days. Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.Nova Lifestyle Related Hype Analysis
Having access to credible news sources related to Nova Lifestyle's direct competition is more important than ever and may enhance your ability to predict Nova Lifestyle's future price movements. Getting to know how Nova Lifestyle's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Nova Lifestyle may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| HOFT | Hooker Furniture | 0.09 | 8 per month | 1.75 | 0.26 | 4.90 | (3.25) | 14.96 | |
| LCUT | Lifetime Brands | 0.03 | 11 per month | 0.00 | (0.04) | 5.50 | (5.41) | 17.13 | |
| PRPL | Purple Innovation | 0.03 | 8 per month | 0.00 | (0.08) | 6.25 | (5.48) | 27.01 | |
| IRBT | IRobot | 0.03 | 7 per month | 0.00 | (0.11) | 21.78 | (33.87) | 146.53 | |
| UFI | Unifi Inc | 0.03 | 5 per month | 0.00 | (0.02) | 5.80 | (5.47) | 24.16 | |
| INTG | The Intergroup | (2.08) | 9 per month | 0.00 | (0.05) | 8.87 | (7.86) | 17.56 | |
| GP | GreenPower Motor | 0.09 | 4 per month | 0.00 | (0.12) | 7.89 | (10.58) | 61.80 | |
| TRON | Tron Inc | (0.03) | 10 per month | 0.00 | (0.15) | 8.18 | (8.71) | 33.67 | |
| CATO | Cato Corporation | (0.07) | 8 per month | 0.00 | (0.10) | 6.27 | (5.28) | 18.39 | |
| RGS | Regis Common | (0.28) | 9 per month | 0.00 | (0.18) | 3.61 | (4.20) | 10.07 |
Nova Lifestyle Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nova Lifestyle stock to make a market-neutral strategy. Peer analysis of Nova Lifestyle could also be used in its relative valuation, which is a method of valuing Nova Lifestyle by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nova Lifestyle Market Strength Events
Market strength indicators help investors to evaluate how Nova Lifestyle stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nova Lifestyle shares will generate the highest return on investment. By undertsting and applying Nova Lifestyle stock market strength indicators, traders can identify Nova Lifestyle I entry and exit signals to maximize returns.
Nova Lifestyle Risk Indicators
The analysis of Nova Lifestyle's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Nova Lifestyle's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nova stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 4.41 | |||
| Semi Deviation | 3.04 | |||
| Standard Deviation | 9.53 | |||
| Variance | 90.77 | |||
| Downside Variance | 21.91 | |||
| Semi Variance | 9.24 | |||
| Expected Short fall | (5.16) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Nova Lifestyle
The number of cover stories for Nova Lifestyle depends on current market conditions and Nova Lifestyle's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Nova Lifestyle is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Nova Lifestyle's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
Contributor Headline
Latest Perspective From Macroaxis
Nova Lifestyle Short Properties
Nova Lifestyle's future price predictability will typically decrease when Nova Lifestyle's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Nova Lifestyle I often depends not only on the future outlook of the potential Nova Lifestyle's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nova Lifestyle's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 3.4 M | |
| Cash And Short Term Investments | 161.9 K |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Other Consideration for investing in Nova Stock
If you are still planning to invest in Nova Lifestyle I 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 Lifestyle's history and understand the potential risks before investing.
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities |