Nova Minerals Limited Stock Performance
| NVA Stock | 12.01 0.27 2.20% |
On a scale of 0 to 100, Nova Minerals holds a performance score of 7. The company secures a Beta (Market Risk) of -0.4, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nova Minerals are expected to decrease at a much lower rate. During the bear market, Nova Minerals is likely to outperform the market. Please check Nova Minerals' skewness, and the relationship between the potential upside and rate of daily change , to make a quick decision on whether Nova Minerals' current price movements will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Nova Minerals Limited are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Despite somewhat unsteady basic indicators, Nova Minerals sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 19.2 M |
Nova |
Nova Minerals Relative Risk vs. Return Landscape
If you would invest 915.00 in Nova Minerals Limited on November 5, 2024 and sell it today you would earn a total of 286.00 from holding Nova Minerals Limited or generate 31.26% return on investment over 90 days. Nova Minerals Limited is generating 0.6581% of daily returns assuming volatility of 6.4911% on return distribution over 90 days investment horizon. In other words, 57% of stocks are less volatile than Nova, and above 87% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
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Nova Minerals Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nova Minerals' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Nova Minerals Limited, and traders can use it to determine the average amount a Nova Minerals' 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 = 0.1014
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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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.
Nova Minerals Fundamentals Growth
Nova Stock prices reflect investors' perceptions of the future prospects and financial health of Nova Minerals, and Nova Minerals 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 Nova Stock performance.
| Revenue | 1.26 B | ||||
| EBITDA | 767.13 M | ||||
| Total Debt | 305.05 M | ||||
| Cash Flow From Operations | 721.34 M | ||||
| Total Asset | 3.06 B | ||||
| Retained Earnings | 952.03 M | ||||
About Nova Minerals Performance
By analyzing Nova Minerals' fundamental ratios, stakeholders can gain valuable insights into Nova Minerals' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Nova Minerals 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 Nova Minerals has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Things to note about Nova Minerals Limited performance evaluation
Checking the ongoing alerts about Nova Minerals for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Nova Minerals Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Nova Minerals is way too risky over 90 days horizon | |
| Nova Minerals appears to be risky and price may revert if volatility continues | |
| Nova Minerals has a poor financial position based on the latest SEC disclosures |
- Analyzing Nova Minerals' 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 Nova Minerals' stock is overvalued or undervalued compared to its peers.
- Examining Nova Minerals' 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 Nova Minerals' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nova Minerals' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Nova Minerals' stock. These opinions can provide insight into Nova Minerals' potential for growth and whether the stock is currently undervalued or overvalued.
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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