Nova Lithium Corp Stock Market Value
| NVLIF Stock | 0.29 0.02 7.41% |
| Symbol | Nova |
Please note, there is a significant difference between Nova Lithium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova Lithium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova Lithium'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 Lithium '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 Lithium's pink sheet 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 Lithium.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Nova Lithium on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Nova Lithium Corp or generate 0.0% return on investment in Nova Lithium over 30 days. Nova Lithium is related to or competes with Western Digital, EMCOR, Sinclair Broadcast, Rocky Brands, Griffon, Vulcan Materials, and Coca Cola. More
Nova Lithium 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 Lithium's pink sheet 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 Lithium Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.64 | |||
| Information Ratio | 0.0075 | |||
| Maximum Drawdown | 21.04 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 8.33 |
Nova Lithium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nova Lithium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nova Lithium's standard deviation. In reality, there are many statistical measures that can use Nova Lithium historical prices to predict the future Nova Lithium's volatility.| Risk Adjusted Performance | 0.0196 | |||
| Jensen Alpha | 0.0705 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0065 | |||
| Treynor Ratio | (0.08) |
Nova Lithium Corp Backtested Returns
Nova Lithium appears to be out of control, given 3 months investment horizon. Nova Lithium Corp has Sharpe Ratio of 0.0477, which conveys that the firm had a 0.0477 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nova Lithium, which you can use to evaluate the volatility of the firm. Please exercise Nova Lithium's Risk Adjusted Performance of 0.0196, downside deviation of 5.64, and Mean Deviation of 3.54 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nova Lithium holds a performance score of 3. The company secures a Beta (Market Risk) of -0.71, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nova Lithium are expected to decrease at a much lower rate. During the bear market, Nova Lithium is likely to outperform the market. Please check Nova Lithium's potential upside and the relationship between the skewness and price action indicator , to make a quick decision on whether Nova Lithium's current price movements will revert.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Nova Lithium Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Nova Lithium time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th 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 Lithium Corp price movement. The serial correlation of -0.78 indicates that around 78.0% of current Nova Lithium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nova Lithium Corp lagged returns against current returns
Autocorrelation, which is Nova Lithium pink sheet'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 Lithium's pink sheet expected returns. We can calculate the autocorrelation of Nova Lithium returns to help us make a trade decision. For example, suppose you find that Nova Lithium has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Lithium 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 Lithium pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nova Lithium pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nova Lithium pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nova Lithium Lagged Returns
When evaluating Nova Lithium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nova Lithium pink sheet have on its future price. Nova Lithium 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 Lithium autocorrelation shows the relationship between Nova Lithium pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nova Lithium Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Nova Pink Sheet
Nova Lithium financial ratios help investors to determine whether Nova Pink Sheet 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 Lithium security.