Nova Stock Alpha and Beta Analysis

NVMI Stock  USD 452.09  6.39  1.43%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Nova. It also helps investors analyze the systematic and unsystematic risks associated with investing in Nova over a specified time horizon. Remember, high Nova's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Nova's market risk premium analysis include:
Beta
2.25
Alpha
0.36
Risk
3.31
Sharpe Ratio
0.16
Expected Return
0.53
Please note that although Nova alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., Dow Jones Industrial index.) So in this particular case, Nova did 0.36  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Nova stock's relative risk over its benchmark. Nova has a beta of 2.25  . As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nova will likely underperform. The Nova's current Book Value Per Share is estimated to increase to 30.12. The Nova's current Tangible Book Value Per Share is estimated to increase to 27.53.

Enterprise Value

5.52 Billion

Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Check out Nova Backtesting, Nova Valuation, Nova Correlation, Nova Hype Analysis, Nova Volatility, Nova History and analyze Nova Performance.
For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.

Nova Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Nova market risk premium is the additional return an investor will receive from holding Nova long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Nova. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Nova's performance over market.
α0.36   β2.25

Nova expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Nova's Buy-and-hold return. Our buy-and-hold chart shows how Nova performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Nova Market Price Analysis

Market price analysis indicators help investors to evaluate how Nova 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 shares will generate the highest return on investment. By understating and applying Nova stock market price indicators, traders can identify Nova position entry and exit signals to maximize returns.

Nova Return and Market Media

The median price of Nova for the period between Thu, Oct 23, 2025 and Wed, Jan 21, 2026 is 332.13 with a coefficient of variation of 11.25. The daily time series for the period is distributed with a sample standard deviation of 37.84, arithmetic mean of 336.24, and mean deviation of 26.42. The Stock received a lot of media exposure during the period.
 Price Growth (%)  
       Timeline  
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9
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About Nova Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Nova or other stocks. Alpha measures the amount that position in Nova has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2023 2024 2025 2026 (projected)
Days Sales Outstanding78.8776.0568.4555.24
PTB Ratio5.316.215.595.87

Nova Upcoming Company Events

As portrayed in its financial statements, the presentation of Nova's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Nova's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Nova's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Nova. Please utilize our Beneish M Score to check the likelihood of Nova's management manipulating its earnings.
15th of February 2024
Upcoming Quarterly Report
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9th of May 2024
Next Financial Report
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31st of December 2023
Next Fiscal Quarter End
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15th of February 2024
Next Fiscal Year End
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30th of September 2023
Last Quarter Report
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31st of December 2022
Last Financial Announcement
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Align your risk with return expectations

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
When determining whether Nova offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nova's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nova Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nova Stock:
Nova technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Nova technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nova trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...