Novo Resources Corp Stock Performance
| NSRPF Stock | USD 0.05 0 2.44% |
The company secures a Beta (Market Risk) of -0.69, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Novo Resources are expected to decrease at a much lower rate. During the bear market, Novo Resources is likely to outperform the market. At this point, Novo Resources Corp has a negative expected return of -0.23%. Please make sure to verify Novo Resources' value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and price action indicator , to decide if Novo Resources Corp performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Novo Resources Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's basic indicators remain nearly stable which may send shares a bit higher in December 2024. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
| Begin Period Cash Flow | 40.5 M | |
| Total Cashflows From Investing Activities | -7.8 M |
Novo |
Novo Resources Relative Risk vs. Return Landscape
If you would invest 6.45 in Novo Resources Corp on September 1, 2024 and sell it today you would lose (1.25) from holding Novo Resources Corp or give up 19.38% of portfolio value over 90 days. Novo Resources Corp is currently producing negative expected returns and takes up 4.7501% volatility of returns over 90 trading days. Put another way, 42% of traded otc stocks are less volatile than Novo, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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Novo Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Novo Resources' investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Novo Resources Corp, and traders can use it to determine the average amount a Novo Resources' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0484
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| Negative Returns | NSRPF |
Estimated Market Risk
| 4.75 actual daily | 42 58% of assets are more volatile |
Expected Return
| -0.23 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Novo Resources 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 Novo Resources by adding Novo Resources to a well-diversified portfolio.
Novo Resources Fundamentals Growth
Novo OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Novo Resources, and Novo Resources fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Novo OTC Stock performance.
| Return On Equity | -0.49 | |||
| Return On Asset | -0.11 | |||
| Profit Margin | (1.28) % | |||
| Operating Margin | (0.61) % | |||
| Current Valuation | 14.68 M | |||
| Shares Outstanding | 262.15 M | |||
| Price To Earning | 1.95 X | |||
| Price To Book | 0.39 X | |||
| Price To Sales | 0.46 X | |||
| Revenue | 112.24 M | |||
| EBITDA | 43.34 M | |||
| Cash And Equivalents | 74.88 M | |||
| Cash Per Share | 0.30 X | |||
| Total Debt | 37.38 M | |||
| Debt To Equity | 0.26 % | |||
| Book Value Per Share | 0.78 X | |||
| Cash Flow From Operations | (19.66 M) | |||
| Earnings Per Share | (0.05) X | |||
| Total Asset | 462.68 M | |||
| Retained Earnings | (9.59 M) | |||
| Current Asset | 3.97 M | |||
| Current Liabilities | 2.51 M | |||
About Novo Resources Performance
By analyzing Novo Resources' fundamental ratios, stakeholders can gain valuable insights into Novo Resources' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Novo Resources has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Novo Resources has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, exploring, and developing natural resource properties in Canada, Australia, and the United States. Novo Resources Corp. was incorporated in 2009 and is headquartered in Vancouver, Canada. Novo Res operates under Gold classification in the United States and is traded on OTC Exchange. It employs 111 people.Things to note about Novo Resources Corp performance evaluation
Checking the ongoing alerts about Novo Resources for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Novo Resources Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Novo Resources Corp generated a negative expected return over the last 90 days | |
| Novo Resources Corp has some characteristics of a very speculative penny stock | |
| Novo Resources Corp has high historical volatility and very poor performance | |
| The company reported the revenue of 112.24 M. Net Loss for the year was (704 K) with profit before overhead, payroll, taxes, and interest of 1.48 M. | |
| Novo Resources Corp has accumulated about 74.88 M in cash with (19.66 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.3, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
- Analyzing Novo Resources' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Novo Resources' stock is overvalued or undervalued compared to its peers.
- Examining Novo Resources' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Novo Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Novo Resources' management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Novo Resources' otc stock. These opinions can provide insight into Novo Resources' potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Novo OTC Stock analysis
When running Novo Resources' price analysis, check to measure Novo Resources' 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 Novo Resources is operating at the current time. Most of Novo Resources' value examination focuses on studying past and present price action to predict the probability of Novo Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novo Resources' price. Additionally, you may evaluate how the addition of Novo Resources to your portfolios can decrease your overall portfolio volatility.
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