Nova Fund Investor Fund Manager Performance Evaluation
| RYNVX Fund | USD 152.77 0.69 0.45% |
The fund secures a Beta (Market Risk) of 1.22, 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 Fund will likely underperform.
Risk-Adjusted Performance
10 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Nova Fund Investor are ranked lower than 10 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Nova Fund may actually be approaching a critical reversion point that can send shares even higher in December 2024.
...more| Expense Ratio Date | 19th of August 2022 | |
| Expense Ratio | 1.4100 |
Nova |
Nova Fund Relative Risk vs. Return Landscape
If you would invest 13,890 in Nova Fund Investor on August 28, 2024 and sell it today you would earn a total of 1,387 from holding Nova Fund Investor or generate 9.99% return on investment over 90 days. Nova Fund Investor is currently producing 0.1578% returns and takes up 1.1593% volatility of returns over 90 trading days. Put another way, 10% of traded mutual funds are less volatile than Nova, and 97% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Nova Fund Current Valuation
Overvalued
Today
Please note that Nova Fund's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Nova Fund Investor secures a last-minute Real Value of $137.49 per share. The latest price of the fund is $152.77. We determine the value of Nova Fund Investor from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will merge together.
Since Nova Fund is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Nova Mutual Fund. However, Nova Fund's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 152.77 | Real 137.49 | Hype 152.77 | Naive 150.77 |
The intrinsic value of Nova Fund's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Nova Fund's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Nova Fund Investor helps investors to forecast how Nova mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Nova Fund more accurately as focusing exclusively on Nova Fund's fundamentals will not take into account other important factors: Nova Fund Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nova Fund's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Nova Fund Investor, and traders can use it to determine the average amount a Nova Fund's 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 = 0.1361
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | RYNVX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.16 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Nova Fund is performing at about 10% 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 Fund by adding it to a well-diversified portfolio.
Nova Fund Fundamentals Growth
Nova Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Nova Fund, and Nova Fund 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 Mutual Fund performance.
| Price To Earning | 18.75 X | ||||
| Price To Book | 2.61 X | ||||
| Price To Sales | 1.83 X | ||||
| Total Asset | 224.28 M | ||||
About Nova Fund Performance
Evaluating Nova Fund's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Nova Fund 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 Fund has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund employs as its investment strategy a program of investing in the common stock of companies that are generally within the capitalization range of the underlying index and leveraged derivative instruments. The index is a capitalization-weighted index composed of 500 common stocks, which are chosen by the Standard Poors Corporation on a statistical basis, and which generally represent large-capitalization companies with capitalizations ranging from 6.7 billion to 3. The fund is non-diversified.Things to note about Nova Fund Investor performance evaluation
Checking the ongoing alerts about Nova Fund for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Nova Fund Investor help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund maintains about 20.23% of its assets in cash |
- Analyzing Nova Fund's 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 Fund's stock is overvalued or undervalued compared to its peers.
- Examining Nova Fund's 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 Fund's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nova Fund's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Nova Fund's mutual fund. These opinions can provide insight into Nova Fund's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Nova Mutual Fund
Nova Fund financial ratios help investors to determine whether Nova Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nova with respect to the benefits of owning Nova Fund security.
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