Novra Technologies Stock Market Value
| NVRVF Stock | USD 0.05 0.01 18.43% |
| Symbol | Novra |
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' otc 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.
| 01/02/2025 |
| 12/28/2025 |
If you would invest 0.00 in Novra Technologies on January 2, 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 360 days. Novra Technologies Inc., together with its subsidiaries, provides hardware, software, and services for the distribution ... 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' otc 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 | 14.89 | |||
| Information Ratio | 0.0367 | |||
| Maximum Drawdown | 75.79 | |||
| Value At Risk | (16.26) | |||
| Potential Upside | 12.16 |
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 | 0.0413 | |||
| Jensen Alpha | 0.5123 | |||
| Total Risk Alpha | (0.60) | |||
| Sortino Ratio | 0.0235 | |||
| Treynor Ratio | (0.37) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Novra Technologies' 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.
Novra Technologies Backtested Returns
Novra Technologies appears to be out of control, given 3 months investment horizon. Novra Technologies has Sharpe Ratio of 0.0292, which conveys that the firm had a 0.0292 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Novra Technologies, which you can use to evaluate the volatility of the firm. Please exercise Novra Technologies' Mean Deviation of 3.91, downside deviation of 14.89, and Risk Adjusted Performance of 0.0413 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Novra Technologies holds a performance score of 2. The company secures a Beta (Market Risk) of -1.16, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Novra Technologies are expected to decrease by larger amounts. On the other hand, during market turmoil, Novra Technologies is expected to outperform it. Please check Novra Technologies' downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether Novra Technologies' current price movements will revert.
Auto-correlation | 0.14 |
Insignificant predictability
Novra Technologies has insignificant predictability. Overlapping area represents the amount of predictability between Novra Technologies time series from 2nd of January 2025 to 1st of July 2025 and 1st of July 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 0.14 indicates that less than 14.0% of current Novra Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Novra Technologies lagged returns against current returns
Autocorrelation, which is Novra Technologies otc 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' otc 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 otc 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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Novra Technologies otc 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 otc 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 otc 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 otc 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 |
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Other Information on Investing in Novra OTC Stock
Novra Technologies financial ratios help investors to determine whether Novra OTC Stock 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 Novra with respect to the benefits of owning Novra Technologies security.