Nova Minerals Limited Stock Price on January 24, 2025
| NVA Stock | 12.01 0.27 2.20% |
If you're considering investing in Nova Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nova Minerals stands at 12.01, as last reported on the 3rd of February, with the highest price reaching 12.75 and the lowest price hitting 11.70 during the day. Nova Minerals appears to be slightly risky, given 3 months investment horizon. Nova Minerals Limited has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1 % return per unit of risk over the last 3 months. By analyzing Nova Minerals' technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please exercise Nova Minerals' Mean Deviation of 5.4, downside deviation of 6.46, and Risk Adjusted Performance of 0.0588 to check out if our risk estimates are consistent with your expectations.
At present, Nova Minerals' Common Stock Shares Outstanding is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 49.6 M, whereas Total Stockholder Equity is forecasted to decline to about 1.8 B. . At present, Nova Minerals' Price To Sales Ratio is projected to slightly decrease based on the last few years of reporting. The current year's Price Earnings Ratio is expected to grow to 7.84, whereas Price Earnings To Growth Ratio is projected to grow to (0.14). Nova Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nova |
Sharpe Ratio = 0.1014
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Estimated Market Risk
| 6.49 actual daily | 57 57% of assets are less volatile |
Expected Return
| 0.66 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Nova Minerals is performing at about 7% of its full potential. 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 Minerals by adding it to a well-diversified portfolio.
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Nova Minerals Valuation on January 24, 2025
It is possible to determine the worth of Nova Minerals on a given historical date. On January 24, 2025 Nova was worth 13.76 at the beginning of the trading date compared to the closed value of 13.65. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nova Minerals stock. Still, in general, we apply an absolute valuation method to find Nova Minerals' 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 Minerals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nova Minerals' related companies.
| Open | High | Low | Close | Volume | |
| 12.12 | 12.75 | 12.12 | 12.72 | 20,000 | |
01/24/2025 | 13.76 | 14.22 | 13.43 | 13.65 | 35,238 |
| 13.84 | 14.37 | 13.50 | 13.50 | 61,200 |
| Backtest Nova Minerals | | | Nova Minerals History | | | Nova Minerals Valuation | Previous | Next |
Nova Minerals Trading Date Momentum on January 24, 2025
| On January 27 2025 Nova Minerals Limited was traded for 13.50 at the closing time. Highest Nova Minerals's price during the trading hours was 14.37 and the lowest price during the day was 13.50 . The net volume was 61.2 K. The overall trading history on the 27th of January contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 1.10% . The trading delta at closing time to current price is 6.59% . |
Nova Minerals Limited Fundamentals Correlations and Trends
By evaluating Nova Minerals' 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 Minerals' 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 Minerals Stock history
Nova Minerals 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 Minerals Limited 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 Minerals stock prices may prove useful in developing a viable investing in Nova Minerals
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 255.7 M | 268.5 M |
Nova Minerals Stock Technical Analysis
Nova Minerals 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.
Price Boundaries
Nova Minerals Period Price Range
Low | February 3, 2025
| High |
0.00 | 0.00 |
Nova Minerals Limited cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE MKT 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 Minerals February 3, 2025 Market Strength
Market strength indicators help investors to evaluate how Nova Minerals 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 Minerals shares will generate the highest return on investment. By undertsting and applying Nova Minerals stock market strength indicators, traders can identify Nova Minerals Limited entry and exit signals to maximize returns
Nova Minerals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nova Minerals' price direction in advance. Along with the technical and fundamental analysis of Nova 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 | 0.0588 | |||
| Jensen Alpha | 0.2934 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0512 | |||
| Treynor Ratio | 0.2585 |
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Complementary Tools for Nova Stock analysis
When running Nova Minerals' price analysis, check to measure Nova Minerals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nova Minerals is operating at the current time. Most of Nova Minerals' value examination focuses on studying past and present price action to predict the probability of Nova Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Minerals' price. Additionally, you may evaluate how the addition of Nova Minerals to your portfolios can decrease your overall portfolio volatility.
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