Nova Vision Acquisition Stock Market Value
| NOVVU Stock | USD 41.00 0.00 0.00% |
| Symbol | Nova |
Nova Vision Acquisition Price To Book Ratio
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nova Vision. If investors know Nova will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nova Vision listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.258 | Return On Assets (0.03) | Return On Equity (0.03) |
The market value of Nova Vision Acquisition is measured differently than its book value, which is the value of Nova that is recorded on the company's balance sheet. Investors also form their own opinion of Nova Vision's value that differs from its market value or its book value, called intrinsic value, which is Nova Vision's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nova Vision's market value can be influenced by many factors that don't directly affect Nova Vision's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nova Vision's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova Vision is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova Vision's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Nova Vision 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nova Vision's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nova Vision.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in Nova Vision on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding Nova Vision Acquisition or generate 0.0% return on investment in Nova Vision over 180 days. Nova Vision is related to or competes with BBB Foods, Viemed Healthcare, Chemours, Hawkins, Braskem SA, Mosaic, and Sealed Air. Nova Vision Acquisition Corporation does not have significant operations More
Nova Vision Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nova Vision's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nova Vision Acquisition upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1215 | |||
| Maximum Drawdown | 207.35 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 2.15 |
Nova Vision Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nova Vision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nova Vision's standard deviation. In reality, there are many statistical measures that can use Nova Vision historical prices to predict the future Nova Vision's volatility.| Risk Adjusted Performance | 0.104 | |||
| Jensen Alpha | 2.98 | |||
| Total Risk Alpha | 0.2924 | |||
| Treynor Ratio | 1.23 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nova Vision's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nova Vision Acquisition Backtested Returns
Nova Vision is slightly risky given 3 months investment horizon. Nova Vision Acquisition has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for nineteen different technical indicators, which can help you to evaluate if expected returns of 3.36% are justified by taking the suggested risk. Use Nova Vision Acquisition Risk Adjusted Performance of 0.104, mean deviation of 6.59, and Standard Deviation of 25.64 to evaluate company specific risk that cannot be diversified away. Nova Vision holds a performance score of 10 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 2.6, 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 Vision will likely underperform. Use Nova Vision Acquisition market risk adjusted performance, jensen alpha, as well as the relationship between the Jensen Alpha and rate of daily change , to analyze future returns on Nova Vision Acquisition.
Auto-correlation | 0.41 |
Average predictability
Nova Vision Acquisition has average predictability. Overlapping area represents the amount of predictability between Nova Vision time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nova Vision Acquisition price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Nova Vision price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 130.38 |
Nova Vision Acquisition lagged returns against current returns
Autocorrelation, which is Nova Vision stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nova Vision's stock expected returns. We can calculate the autocorrelation of Nova Vision returns to help us make a trade decision. For example, suppose you find that Nova Vision has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Nova Vision regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nova Vision stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nova Vision stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nova Vision stock over time.
Current vs Lagged Prices |
| Timeline |
Nova Vision Lagged Returns
When evaluating Nova Vision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nova Vision stock have on its future price. Nova Vision autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nova Vision autocorrelation shows the relationship between Nova Vision stock current value and its past values and can show if there is a momentum factor associated with investing in Nova Vision Acquisition.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Nova Stock Analysis
When running Nova Vision's price analysis, check to measure Nova Vision's 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 Vision is operating at the current time. Most of Nova Vision's value examination focuses on studying past and present price action to predict the probability of Nova Vision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Vision's price. Additionally, you may evaluate how the addition of Nova Vision to your portfolios can decrease your overall portfolio volatility.