Nova Royalty Corp Price on April 13, 2023
NOVRFDelisted Stock | USD 1.23 0.01 0.81% |
If you're considering investing in Nova OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nova Royalty stands at 1.23, as last reported on the 2nd of December, with the highest price reaching 1.29 and the lowest price hitting 1.23 during the day. We have found twenty-nine technical indicators for Nova Royalty, which you can use to evaluate the volatility of the firm. Please verify Nova Royalty's Mean Deviation of 2.17, risk adjusted performance of 0.0161, and Downside Deviation of 2.68 to check out if the risk estimate we provide is consistent with the expected return of 0.0%.
Nova OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nova |
Sharpe Ratio = 0.0
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Based on monthly moving average Nova Royalty is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nova Royalty by adding Nova Royalty to a well-diversified portfolio.
Nova Royalty Valuation on April 13, 2023
It is possible to determine the worth of Nova Royalty on a given historical date. On April 13, 2023 Nova was worth 1.2 at the beginning of the trading date compared to the closed value of 1.25. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nova Royalty otc stock. Still, in general, we apply an absolute valuation method to find Nova Royalty's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nova Royalty where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nova Royalty's related companies.
Open | High | Low | Close | Volume | |
1.21 | 1.21 | 1.17 | 1.20 | 22,800 | |
04/13/2023 | 1.20 | 1.25 | 1.20 | 1.25 | 38,391 |
1.25 | 1.26 | 1.23 | 1.24 | 34,002 |
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Nova Royalty Trading Date Momentum on April 13, 2023
On April 14 2023 Nova Royalty Corp was traded for 1.24 at the closing time. The highest daily price throughout the period was 1.26 and the lowest price was 1.23 . The daily volume was 34 K. The net trading volume on 04/14/2023 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.80% . The trading delta at closing time to current closing price is 1.60% . |
Nova Royalty Corp Fundamentals Correlations and Trends
By evaluating Nova Royalty's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nova Royalty's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nova financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nova Royalty OTC Stock history
Nova Royalty investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Nova is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nova Royalty Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Nova Royalty stock prices may prove useful in developing a viable investing in Nova Royalty
Nova Royalty Corp., a royalty and streaming company, focuses on the acquisition and management of royalties on the copper and nickel deposits. The company was incorporated in 2018 and is headquartered in Vancouver, Canada. NOVA ROYALTY operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange. It employs 3 people.
Nova Royalty OTC Stock Technical Analysis
Nova Royalty technical otc 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, otc market cycles, or different charting patterns.
Price Boundaries
Nova Royalty Period Price Range
Low | December 2, 2024
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0.00 | 0.00 |
Nova Royalty Corp cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQB Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Nova Royalty December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Nova Royalty otc 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 Royalty shares will generate the highest return on investment. By undertsting and applying Nova Royalty otc stock market strength indicators, traders can identify Nova Royalty Corp entry and exit signals to maximize returns
Nova Royalty Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nova Royalty's price direction in advance. Along with the technical and fundamental analysis of Nova OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nova to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.0161 | |||
Jensen Alpha | (0.10) | |||
Total Risk Alpha | (0.50) | |||
Sortino Ratio | (0.04) | |||
Treynor Ratio | 0.0245 |
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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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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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