Nova Minerals (Germany) Performance
| QM3 Stock | EUR 0.11 0.00 18.75% |
Nova Minerals holds a performance score of 14 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 1.28, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nova Minerals will likely underperform. Use Nova Minerals Limited treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to analyze future returns on Nova Minerals Limited.
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 14 (%) of all global equities and portfolios over the last 90 days. Despite nearly unsteady basic indicators, Nova Minerals reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 15.5 M | |
| Total Cashflows From Investing Activities | -4 M |
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Nova Minerals Relative Risk vs. Return Landscape
If you would invest 8.60 in Nova Minerals Limited on September 24, 2024 and sell it today you would earn a total of 10.40 from holding Nova Minerals Limited or generate 120.93% return on investment over 90 days. Nova Minerals Limited is currently producing 1.5221% returns and takes up 7.9995% volatility of returns over 90 trading days. Put another way, 71% of traded stocks are less volatile than Nova, and 70% of all traded equity instruments are likely to generate higher returns over the next 90 trading 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 = 0.1903
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Estimated Market Risk
| 8.0 actual daily | 71 71% of assets are less volatile |
Expected Return
| 1.52 actual daily | 30 70% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Nova Minerals is performing at about 14% 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.
| Return On Equity | 0.44 | |||
| Return On Asset | -0.38 | |||
| Current Valuation | 82.11 M | |||
| Shares Outstanding | 210.05 M | |||
| Price To Book | 1.49 X | |||
| Price To Sales | 1.03 X | |||
| Revenue | 91.11 M | |||
| EBITDA | (5.09 M) | |||
| Cash And Equivalents | 23.25 M | |||
| Cash Per Share | 0.01 X | |||
| Debt To Equity | 0.07 % | |||
| Book Value Per Share | 0.54 X | |||
| Cash Flow From Operations | (2.86 M) | |||
| Earnings Per Share | 0.10 X | |||
| Total Asset | 108.33 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.
Nova Minerals Limited engages in the mineral exploration activities in the United States, Australia, and Canada. Nova Minerals Limited was incorporated in 1987 and is based in Melbourne, Australia. NOVA MINERALS operates under Other Industrial Metals Mining classification in Germany and is traded on Frankfurt Stock Exchange.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 has some characteristics of a very speculative penny stock | |
| Nova Minerals appears to be risky and price may revert if volatility continues | |
| Nova Minerals Limited has accumulated about 23.25 M in cash with (2.86 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 22.0% of the company outstanding shares are owned by corporate insiders |
- 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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