Nova Stock Market Value
| NVMI Stock | USD 176.10 3.66 2.04% |
| Symbol | Nova |
Nova Price To Book Ratio
Is Semiconductors & Semiconductor Equipment 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. 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 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 0.524 | Earnings Share 5.34 | Revenue Per Share 21.047 | Quarterly Revenue Growth 0.389 | Return On Assets 0.0857 |
The market value of Nova 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's value that differs from its market value or its book value, called intrinsic value, which is Nova'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's market value can be influenced by many factors that don't directly affect Nova'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova'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 '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'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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Nova on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nova or generate 0.0% return on investment in Nova over 30 days. Nova is related to or competes with InTest, Onto Innovation, Kulicke, Ichor Holdings, Entegris, Axcelis Technologies, and Veeco Instruments. Nova Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Is... More
Nova 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'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 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 17.04 | |||
| Value At Risk | (7.05) | |||
| Potential Upside | 5.57 |
Nova Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nova's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nova's standard deviation. In reality, there are many statistical measures that can use Nova historical prices to predict the future Nova's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | (0.15) |
Nova Backtested Returns
Nova has Sharpe Ratio of -0.0804, which conveys that the firm had a -0.0804% return per unit of risk over the last 3 months. Nova exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nova's Mean Deviation of 2.48, standard deviation of 3.53, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.87, 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 will likely underperform. At this point, Nova has a negative expected return of -0.29%. Please make sure to verify Nova's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Nova performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Nova has very weak predictability. Overlapping area represents the amount of predictability between Nova time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 price movement. The serial correlation of 0.16 indicates that over 16.0% of current Nova price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 92.26 |
Nova lagged returns against current returns
Autocorrelation, which is Nova 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's stock expected returns. We can calculate the autocorrelation of Nova returns to help us make a trade decision. For example, suppose you find that Nova 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nova stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nova stock over time.
Current vs Lagged Prices |
| Timeline |
Nova Lagged Returns
When evaluating Nova's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nova stock have on its future price. Nova 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 autocorrelation shows the relationship between Nova stock current value and its past values and can show if there is a momentum factor associated with investing in Nova.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Nova offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nova's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nova Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nova Stock:Check out Nova Correlation, Nova Volatility and Nova Alpha and Beta module to complement your research on Nova. For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Nova technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.