Nova Minerals Limited Stock Price on May 29, 2024
NVAAF Stock | USD 0.11 0.00 0.00% |
If you're considering investing in Nova Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Nova Minerals stands at 0.11, as last reported on the 30th of November, with the highest price reaching 0.11 and the lowest price hitting 0.11 during the day. We have found sixteen technical indicators for Nova Minerals, which you can use to evaluate the volatility of the firm. Please verify Nova Minerals' Standard Deviation of 2.74, mean deviation of 0.6632, and Risk Adjusted Performance of 0.1013 to check out if the risk estimate we provide is consistent with the expected return of 0.0%.
Nova Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
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Sharpe Ratio = 0.0
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Based on monthly moving average Nova Minerals 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 Minerals by adding Nova Minerals to a well-diversified portfolio.
Nova Minerals Valuation on May 29, 2024
It is possible to determine the worth of Nova Minerals on a given historical date. On May 29, 2024 Nova was worth 0.21 at the beginning of the trading date compared to the closed value of 0.21. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nova Minerals pink sheet. 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 | |
0.21 | 0.21 | 0.21 | 0.21 | 1.00 | |
05/29/2024 | 0.21 | 0.21 | 0.21 | 0.21 | 1.00 |
0.21 | 0.21 | 0.21 | 0.21 | 1.00 |
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Nova Minerals Trading Date Momentum on May 29, 2024
On May 30 2024 Nova Minerals Limited was traded for 0.21 at the closing time. The highest daily price throughout the period was 0.21 and the lowest price was 0.21 . There was no trading activity during the period 1.0. Lack of trading volume on 05/30/2024 did not cause price change. The trading delta at closing time to current closing price is 0.00% . |
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 Pink Sheet 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
Nova Minerals Limited engages in the exploration of mineral properties in Australia, Canada, and the United States. Nova Minerals Limited was incorporated in 1987 and is based in Melbourne, Australia. Nova Minerals operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
Nova Minerals Pink Sheet Technical Analysis
Nova Minerals technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Nova Minerals Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Nova Minerals Limited cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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 November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Nova Minerals pink sheet 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 pink sheet 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 Pink Sheet 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 | 0.1013 | |||
Jensen Alpha | 0.2958 | |||
Total Risk Alpha | (0.13) | |||
Treynor Ratio | 1.35 |
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Complementary Tools for Nova Pink Sheet 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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