Nova Royalty Corp Performance
| NOVRFDelisted Stock | USD 1.23 0.01 0.81% |
The company secures a Beta (Market Risk) of -0.28, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nova Royalty are expected to decrease at a much lower rate. During the bear market, Nova Royalty is likely to outperform the market. Nova Royalty Corp right now secures a risk of 0.0%. Please verify Nova Royalty Corp downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Nova Royalty Corp will be following its current price movements.
Risk-Adjusted Performance
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Over the last 90 days Nova Royalty Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Nova Royalty is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
| Begin Period Cash Flow | 5.4 M | |
| Total Cashflows From Investing Activities | -29.9 M |
Nova |
Nova Royalty Relative Risk vs. Return Landscape
If you would invest (100.00) in Nova Royalty Corp on August 28, 2024 and sell it today you would earn a total of 100.00 from holding Nova Royalty Corp or generate -100.0% return on investment over 90 days. Nova Royalty Corp is currently producing negative expected returns and takes up 0.0% volatility of returns over 90 trading days. Put another way, 0% of traded otc stocks are less volatile than Nova, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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Nova Royalty Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nova Royalty's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Nova Royalty Corp, and traders can use it to determine the average amount a Nova Royalty's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0
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Based on monthly moving average Nova Royalty is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nova Royalty by adding Nova Royalty to a well-diversified portfolio.
Nova Royalty Fundamentals Growth
Nova OTC Stock prices reflect investors' perceptions of the future prospects and financial health of Nova Royalty, and Nova Royalty fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Nova OTC Stock performance.
| Return On Equity | -0.14 | |||
| Return On Asset | -0.0531 | |||
| Operating Margin | (3.71) % | |||
| Current Valuation | 109.26 M | |||
| Shares Outstanding | 85.33 M | |||
| Price To Book | 1.85 X | |||
| Price To Sales | 113.73 X | |||
| Revenue | 703.04 K | |||
| EBITDA | (8.2 M) | |||
| Cash And Equivalents | 936.58 K | |||
| Cash Per Share | 0.01 X | |||
| Total Debt | 4.9 M | |||
| Debt To Equity | 0.10 % | |||
| Book Value Per Share | 0.90 X | |||
| Cash Flow From Operations | (4.49 M) | |||
| Earnings Per Share | (0.1) X | |||
| Total Asset | 85.82 M | |||
About Nova Royalty Performance
By analyzing Nova Royalty's fundamental ratios, stakeholders can gain valuable insights into Nova Royalty's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Nova Royalty has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Nova Royalty has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Nova Royalty Corp., a royalty and streaming company, focuses on the acquisition and management of royalties on the copper and nickel deposits. The company was incorporated in 2018 and is headquartered in Vancouver, Canada. NOVA ROYALTY operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange. It employs 3 people.Things to note about Nova Royalty Corp performance evaluation
Checking the ongoing alerts about Nova Royalty for important developments is a great way to find new opportunities for your next move. OTC Stock alerts and notifications screener for Nova Royalty Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Nova Royalty Corp is not yet fully synchronised with the market data | |
| Nova Royalty Corp may become a speculative penny stock | |
| Nova Royalty Corp has a very high chance of going through financial distress in the upcoming years | |
| Nova Royalty Corp has accumulated 4.9 M in total debt with debt to equity ratio (D/E) of 0.1, which may suggest the company is not taking enough advantage from borrowing. Nova Royalty Corp has a current ratio of 0.84, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Nova Royalty until it has trouble settling it off, either with new capital or with free cash flow. So, Nova Royalty's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Nova Royalty Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nova to invest in growth at high rates of return. When we think about Nova Royalty's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 703.04 K. Net Loss for the year was (9.42 M) with profit before overhead, payroll, taxes, and interest of 703.04 K. | |
| Nova Royalty Corp has accumulated about 936.58 K in cash with (4.49 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 21.0% of Nova Royalty outstanding shares are owned by corporate insiders |
- Analyzing Nova Royalty's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Nova Royalty's stock is overvalued or undervalued compared to its peers.
- Examining Nova Royalty's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Nova Royalty's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nova Royalty's management team can help you assess the OTC Stock's leadership.
- Pay attention to analyst opinions and ratings of Nova Royalty's otc stock. These opinions can provide insight into Nova Royalty's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Other Consideration for investing in Nova OTC Stock
If you are still planning to invest in Nova Royalty Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Nova Royalty's history and understand the potential risks before investing.
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