Nova Lithium Corp Stock Performance

NVLIF Stock   0.18  0.02  10.00%   
The company secures a Beta (Market Risk) of 0.48, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nova Lithium's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nova Lithium is expected to be smaller as well. At this point, Nova Lithium Corp has a negative expected return of -0.14%. Please make sure to verify Nova Lithium's maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if Nova Lithium Corp performance from the past will be repeated at some point in the near future.

Risk-Adjusted Performance

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Over the last 90 days Nova Lithium Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest unsteady performance, the Stock's forward indicators remain stable and the current disturbance on Wall Street may also be a sign of long-run gains for the company stockholders. ...more
  

Nova Lithium Relative Risk vs. Return Landscape

If you would invest  24.00  in Nova Lithium Corp on November 27, 2024 and sell it today you would lose (6.00) from holding Nova Lithium Corp or give up 25.0% of portfolio value over 90 days. Nova Lithium Corp is currently producing negative expected returns and takes up 8.4459% volatility of returns over 90 trading days. Put another way, 75% of traded pink sheets are less volatile than Nova, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
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Assuming the 90 days horizon Nova Lithium is expected to under-perform the market. In addition to that, the company is 11.46 times more volatile than its market benchmark. It trades about -0.02 of its total potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly -0.06 per unit of volatility.

Nova Lithium Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nova Lithium's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Nova Lithium Corp, and traders can use it to determine the average amount a Nova Lithium'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 = -0.017

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Estimated Market Risk

 8.45
  actual daily
75
75% of assets are less volatile

Expected Return

 -0.14
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.02
  actual daily
0
Most of other assets perform better
Based on monthly moving average Nova Lithium 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 Lithium by adding Nova Lithium to a well-diversified portfolio.

About Nova Lithium Performance

By analyzing Nova Lithium's fundamental ratios, stakeholders can gain valuable insights into Nova Lithium's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Nova Lithium 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 Lithium has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.

Things to note about Nova Lithium Corp performance evaluation

Checking the ongoing alerts about Nova Lithium for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Nova Lithium Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Nova Lithium Corp generated a negative expected return over the last 90 days
Nova Lithium Corp has high historical volatility and very poor performance
Nova Lithium Corp has some characteristics of a very speculative penny stock
Evaluating Nova Lithium's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Nova Lithium's pink sheet performance include:
  • Analyzing Nova Lithium'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 Lithium's stock is overvalued or undervalued compared to its peers.
  • Examining Nova Lithium'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 Lithium's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nova Lithium's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Nova Lithium's pink sheet. These opinions can provide insight into Nova Lithium's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Nova Lithium's pink sheet performance is not an exact science, and many factors can impact Nova Lithium's pink sheet market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.

Complementary Tools for Nova Pink Sheet analysis

When running Nova Lithium's price analysis, check to measure Nova Lithium'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 Lithium is operating at the current time. Most of Nova Lithium's value examination focuses on studying past and present price action to predict the probability of Nova Lithium'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 Lithium's price. Additionally, you may evaluate how the addition of Nova Lithium to your portfolios can decrease your overall portfolio volatility.
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