Nova Vision Acquisition Stock Performance
| NOVV Stock | USD 37.00 0.00 0.00% |
Nova Vision holds a performance score of 9 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 3.35, 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 Vision will likely underperform. Use Nova Vision Acquisition market risk adjusted performance, jensen alpha, as well as the relationship between the Jensen Alpha and rate of daily change , to analyze future returns on Nova Vision Acquisition.
Risk-Adjusted Performance
9 of 100
Weak | Strong |
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Compared to the overall equity markets, risk-adjusted returns on investments in Nova Vision Acquisition are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of fairly fragile basic indicators, Nova Vision showed solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return 0.00027 | Five Day Return 0.00027 | Year To Date Return 223.14 | Ten Year Return 276.78 | All Time Return 276.78 |
1 | Discretionary transaction by Barclays Plc of 9000 shares of Nova Vision at 11.5 subject to Rule 16b-3 | 09/17/2024 |
2 | Nova Vision Acquisition versus Its Rivals Financial Survey | 10/03/2024 |
| Begin Period Cash Flow | 163.4 K |
Nova |
Nova Vision Relative Risk vs. Return Landscape
If you would invest 1,201 in Nova Vision Acquisition on August 26, 2024 and sell it today you would earn a total of 2,499 from holding Nova Vision Acquisition or generate 208.08% return on investment over 90 days. Nova Vision Acquisition is currently generating 3.1207% in daily expected returns and assumes 24.82% risk (volatility on return distribution) over the 90 days horizon. In different words, most equities are less risky than Nova, and most traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Nova Vision Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nova Vision's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Nova Vision Acquisition, and traders can use it to determine the average amount a Nova Vision'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 = 0.1257
| Best Portfolio | Best Equity | |||
| Good Returns | NOVV | |||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 24.82 actual daily | 96 96% of assets are less volatile |
Expected Return
| 3.12 actual daily | 62 62% of assets have lower returns |
Risk-Adjusted Return
| 0.13 actual daily | 9 91% of assets perform better |
Based on monthly moving average Nova Vision is performing at about 9% of its full potential. 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 Vision by adding it to a well-diversified portfolio.
Nova Vision Fundamentals Growth
Nova Stock prices reflect investors' perceptions of the future prospects and financial health of Nova Vision, and Nova Vision 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 Stock performance.
| Return On Equity | -0.0309 | ||||
| Return On Asset | -0.0275 | ||||
| Current Valuation | 76.19 M | ||||
| Shares Outstanding | 1.98 M | ||||
| Price To Book | 4.92 X | ||||
| Revenue | 897.55 K | ||||
| EBITDA | 146.88 K | ||||
| Net Income | 146.88 K | ||||
| Cash And Equivalents | 567.98 K | ||||
| Cash Per Share | 0.08 X | ||||
| Total Debt | 2 M | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 23.32 X | ||||
| Book Value Per Share | (0.89) X | ||||
| Cash Flow From Operations | (569.87 K) | ||||
| Market Capitalization | 73.19 M | ||||
| Total Asset | 17.94 M | ||||
| Retained Earnings | (2.96 M) | ||||
| Working Capital | (2.21 M) | ||||
About Nova Vision Performance
Evaluating Nova Vision's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Nova Vision 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 Vision has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Capital Employed | (0.05) | (0.05) | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.01 | 0.01 |
Things to note about Nova Vision Acquisition performance evaluation
Checking the ongoing alerts about Nova Vision for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Nova Vision Acquisition help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Nova Vision is way too risky over 90 days horizon | |
| Nova Vision appears to be risky and price may revert if volatility continues | |
| Nova Vision Acquisition currently holds about 567.98 K in cash with (569.87 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08. | |
| Nova Vision has a frail financial position based on the latest SEC disclosures | |
| Roughly 95.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from MacroaxisInsider: Discretionary transaction by Barclays Plc of 9000 shares of Nova Vision at 11.5 subject to Rule 16b-3 |
- Analyzing Nova Vision'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 Vision's stock is overvalued or undervalued compared to its peers.
- Examining Nova Vision'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 Vision's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nova Vision's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Nova Vision's stock. These opinions can provide insight into Nova Vision's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Nova Stock Analysis
When running Nova Vision's price analysis, check to measure Nova Vision'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 Nova Vision is operating at the current time. Most of Nova Vision's value examination focuses on studying past and present price action to predict the probability of Nova Vision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Vision's price. Additionally, you may evaluate how the addition of Nova Vision to your portfolios can decrease your overall portfolio volatility.