Novonix Ltd Adr Stock Market Value
| NVX Stock | USD 1.93 0.01 0.52% |
| Symbol | Novonix |
Novonix Ltd ADR Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Novonix. If investors know Novonix 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 Novonix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.38) | Revenue Per Share 0.056 | Quarterly Revenue Growth (0.30) | Return On Assets (0.12) | Return On Equity (0.26) |
The market value of Novonix Ltd ADR is measured differently than its book value, which is the value of Novonix that is recorded on the company's balance sheet. Investors also form their own opinion of Novonix's value that differs from its market value or its book value, called intrinsic value, which is Novonix'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 Novonix's market value can be influenced by many factors that don't directly affect Novonix'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 Novonix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Novonix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Novonix'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.
Novonix '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 Novonix'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 Novonix.
| 04/03/2023 |
| 11/23/2024 |
If you would invest 0.00 in Novonix on April 3, 2023 and sell it all today you would earn a total of 0.00 from holding Novonix Ltd ADR or generate 0.0% return on investment in Novonix over 600 days. Novonix is related to or competes with Exro Technologies, Ilika Plc, NeoVolta Common, Hayward Holdings, Espey Mfg, Advanced Energy, and NeoVolta Warrant. Novonix Limited develops and supplies battery materials, equipment, and services to the lithium-ion battery market in No... More
Novonix 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 Novonix'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 Novonix Ltd ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.87 | |||
| Information Ratio | 0.0339 | |||
| Maximum Drawdown | 27.51 | |||
| Value At Risk | (6.31) | |||
| Potential Upside | 12.07 |
Novonix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Novonix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Novonix's standard deviation. In reality, there are many statistical measures that can use Novonix historical prices to predict the future Novonix's volatility.| Risk Adjusted Performance | 0.049 | |||
| Jensen Alpha | 0.0306 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | 0.0505 | |||
| Treynor Ratio | 0.111 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Novonix's 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.
Novonix Ltd ADR Backtested Returns
Novonix appears to be unstable, given 3 months investment horizon. Novonix Ltd ADR has Sharpe Ratio of 0.071, which conveys that the firm had a 0.071% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Novonix, which you can use to evaluate the volatility of the firm. Please exercise Novonix's Risk Adjusted Performance of 0.049, mean deviation of 4.28, and Downside Deviation of 3.87 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Novonix holds a performance score of 5. The company secures a Beta (Market Risk) of 2.66, 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, Novonix will likely underperform. Please check Novonix's value at risk, kurtosis, price action indicator, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether Novonix's current price movements will revert.
Auto-correlation | 0.45 |
Average predictability
Novonix Ltd ADR has average predictability. Overlapping area represents the amount of predictability between Novonix time series from 3rd of April 2023 to 28th of January 2024 and 28th of January 2024 to 23rd 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 Novonix Ltd ADR price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Novonix price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Novonix Ltd ADR lagged returns against current returns
Autocorrelation, which is Novonix 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 Novonix's stock expected returns. We can calculate the autocorrelation of Novonix returns to help us make a trade decision. For example, suppose you find that Novonix 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 |
Novonix 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 Novonix stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Novonix stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Novonix stock over time.
Current vs Lagged Prices |
| Timeline |
Novonix Lagged Returns
When evaluating Novonix's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Novonix stock have on its future price. Novonix 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, Novonix autocorrelation shows the relationship between Novonix stock current value and its past values and can show if there is a momentum factor associated with investing in Novonix Ltd ADR.
Regressed Prices |
| Timeline |
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When running Novonix's price analysis, check to measure Novonix's 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 Novonix is operating at the current time. Most of Novonix's value examination focuses on studying past and present price action to predict the probability of Novonix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novonix's price. Additionally, you may evaluate how the addition of Novonix to your portfolios can decrease your overall portfolio volatility.