Nova Lithium Corp Stock Performance
| NVLIF Stock | 0.25 0.02 8.70% |
The company secures a Beta (Market Risk) of 0.21, which conveys not very significant fluctuations relative to the market. 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 -0.0844%. Please make sure to verify Nova Lithium's potential upside and the relationship between the skewness and price action indicator , to decide if Nova Lithium Corp performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Nova Lithium Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable forward indicators, Nova Lithium is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
Nova |
Nova Lithium Relative Risk vs. Return Landscape
If you would invest 30.00 in Nova Lithium Corp on November 3, 2024 and sell it today you would lose (5.00) from holding Nova Lithium Corp or give up 16.67% of portfolio value over 90 days. Nova Lithium Corp is currently producing negative expected returns and takes up 6.8098% volatility of returns over 90 trading days. Put another way, 60% 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. Expected Return |
| Risk |
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 = -0.0124
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NVLIF |
Estimated Market Risk
| 6.81 actual daily | 60 60% of assets are less volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 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 |
- 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.
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.
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data |