Nova Minerals Limited Stock Market Value
| NVAWW Stock | 5.75 0.13 2.31% |
| Symbol | Nova |
Nova Minerals Limited Price To Book Ratio
Is Precious Metals 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 Minerals. 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 Minerals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Nova Minerals Limited 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 Minerals' value that differs from its market value or its book value, called intrinsic value, which is Nova Minerals' 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 Minerals' market value can be influenced by many factors that don't directly affect Nova Minerals' 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 Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova Minerals' 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 Minerals '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 Minerals' 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 Minerals.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Nova Minerals on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Nova Minerals Limited or generate 0.0% return on investment in Nova Minerals over 30 days. Nova Minerals is related to or competes with Eltek, Weyco, Kulicke, SunOpta, Coda Octopus, Cedar Realty, and Arrow Electronics. Nova Minerals is entity of United States More
Nova Minerals 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 Minerals' 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 Minerals Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 11.63 | |||
| Information Ratio | 0.1904 | |||
| Maximum Drawdown | 65.7 | |||
| Value At Risk | (18.06) | |||
| Potential Upside | 25.71 |
Nova Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nova Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nova Minerals' standard deviation. In reality, there are many statistical measures that can use Nova Minerals historical prices to predict the future Nova Minerals' volatility.| Risk Adjusted Performance | 0.1743 | |||
| Jensen Alpha | 2.9 | |||
| Total Risk Alpha | 1.26 | |||
| Sortino Ratio | 0.2314 | |||
| Treynor Ratio | (2.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nova Minerals' 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 Minerals Limited Backtested Returns
Nova Minerals is dangerous given 3 months investment horizon. Nova Minerals Limited has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18 % return per unit of risk over the last 3 months. We are able to interpolate and break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.43% are justified by taking the suggested risk. Use Nova Minerals Limited Mean Deviation of 10.84, risk adjusted performance of 0.1743, and Downside Deviation of 11.63 to evaluate company specific risk that cannot be diversified away. Nova Minerals holds a performance score of 14 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -1.3, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nova Minerals are expected to decrease by larger amounts. On the other hand, during market turmoil, Nova Minerals is expected to outperform it. Use Nova Minerals Limited sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to analyze future returns on Nova Minerals Limited.
Auto-correlation | -0.08 |
Very weak reverse predictability
Nova Minerals Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Nova Minerals time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. 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 Minerals Limited price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Nova Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Nova Minerals Limited lagged returns against current returns
Autocorrelation, which is Nova Minerals 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 Minerals' stock expected returns. We can calculate the autocorrelation of Nova Minerals returns to help us make a trade decision. For example, suppose you find that Nova Minerals 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 Minerals 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 Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nova Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nova Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Nova Minerals Lagged Returns
When evaluating Nova Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nova Minerals stock have on its future price. Nova Minerals 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 Minerals autocorrelation shows the relationship between Nova Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Nova Minerals Limited.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional 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.