Novra Technologies Stock Market Value
| NVI Stock | CAD 0.07 0.00 0.00% |
| Symbol | Novra |
Novra Technologies Price To Book Ratio
Novra Technologies '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 Novra Technologies' 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 Novra Technologies.
| 11/28/2025 |
| 12/28/2025 |
If you would invest 0.00 in Novra Technologies on November 28, 2025 and sell it all today you would earn a total of 0.00 from holding Novra Technologies or generate 0.0% return on investment in Novra Technologies over 30 days. Novra Technologies, Inc. provides products, systems, and services for the distribution of multimedia broadband content More
Novra Technologies 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 Novra Technologies' 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 Novra Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.47 | |||
| Information Ratio | 0.0423 | |||
| Maximum Drawdown | 52.98 | |||
| Value At Risk | (13.33) | |||
| Potential Upside | 15.38 |
Novra Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Novra Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Novra Technologies' standard deviation. In reality, there are many statistical measures that can use Novra Technologies historical prices to predict the future Novra Technologies' volatility.| Risk Adjusted Performance | 0.0463 | |||
| Jensen Alpha | 0.3637 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | 0.0233 | |||
| Treynor Ratio | 0.629 |
Novra Technologies Backtested Returns
Novra Technologies has Sharpe Ratio of -0.0312, which conveys that the firm had a -0.0312 % return per unit of risk over the last 3 months. Novra Technologies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Novra Technologies' Downside Deviation of 14.47, mean deviation of 3.99, and Risk Adjusted Performance of 0.0463 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.66, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Novra Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Novra Technologies is expected to be smaller as well. At this point, Novra Technologies has a negative expected return of -0.22%. Please make sure to verify Novra Technologies' potential upside, as well as the relationship between the skewness and day typical price , to decide if Novra Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.26 |
Weak reverse predictability
Novra Technologies has weak reverse predictability. Overlapping area represents the amount of predictability between Novra Technologies time series from 28th of November 2025 to 13th of December 2025 and 13th of December 2025 to 28th of December 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 Novra Technologies price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Novra Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Novra Technologies lagged returns against current returns
Autocorrelation, which is Novra Technologies 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 Novra Technologies' stock expected returns. We can calculate the autocorrelation of Novra Technologies returns to help us make a trade decision. For example, suppose you find that Novra Technologies 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 |
Novra Technologies 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 Novra Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Novra Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Novra Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Novra Technologies Lagged Returns
When evaluating Novra Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Novra Technologies stock have on its future price. Novra Technologies 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, Novra Technologies autocorrelation shows the relationship between Novra Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Novra Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Novra Stock Analysis
When running Novra Technologies' price analysis, check to measure Novra Technologies' 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 Novra Technologies is operating at the current time. Most of Novra Technologies' value examination focuses on studying past and present price action to predict the probability of Novra Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novra Technologies' price. Additionally, you may evaluate how the addition of Novra Technologies to your portfolios can decrease your overall portfolio volatility.