Novo Resources Corp Stock Performance
| NVO Stock | CAD 0.1 0.01 5.56% |
On a scale of 0 to 100, Novo Resources holds a performance score of 4. The company secures a Beta (Market Risk) of 0.84, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Novo Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Novo Resources is expected to be smaller as well. Please check Novo Resources' potential upside and the relationship between the skewness and price action indicator , to make a quick decision on whether Novo Resources' current price movements will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Novo Resources Corp are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of very abnormal basic indicators, Novo Resources displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 47.9 M |
Novo |
Novo Resources Relative Risk vs. Return Landscape
If you would invest 8.50 in Novo Resources Corp on October 20, 2024 and sell it today you would earn a total of 1.00 from holding Novo Resources Corp or generate 11.76% return on investment over 90 days. Novo Resources Corp is generating 0.2749% of daily returns assuming 4.4615% volatility of returns over the 90 days investment horizon. Simply put, 39% of all stocks have less volatile historical return distribution than Novo Resources, and 95% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Novo Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Novo Resources' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Novo Resources Corp, and traders can use it to determine the average amount a Novo Resources' 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 = 0.0616
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Estimated Market Risk
| 4.46 actual daily | 39 61% of assets are more volatile |
Expected Return
| 0.27 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Novo Resources is performing at about 4% 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 Novo Resources by adding it to a well-diversified portfolio.
Novo Resources Fundamentals Growth
Novo Stock prices reflect investors' perceptions of the future prospects and financial health of Novo Resources, and Novo Resources 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 Novo Stock performance.
| Return On Equity | -0.38 | ||||
| Return On Asset | -0.14 | ||||
| Current Valuation | 27.88 M | ||||
| Shares Outstanding | 354.63 M | ||||
| Price To Earning | 2.33 X | ||||
| Price To Book | 0.45 X | ||||
| Price To Sales | 0.66 X | ||||
| EBITDA | (24.39 M) | ||||
| Cash And Equivalents | 74.88 M | ||||
| Cash Per Share | 0.30 X | ||||
| Total Debt | 1.61 M | ||||
| Debt To Equity | 0.26 % | ||||
| Book Value Per Share | 0.21 X | ||||
| Cash Flow From Operations | (47.43 M) | ||||
| Earnings Per Share | (0.13) X | ||||
| Total Asset | 106.45 M | ||||
| Retained Earnings | (391.17 M) | ||||
About Novo Resources Performance
By examining Novo Resources' fundamental ratios, stakeholders can obtain critical insights into Novo Resources' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Novo Resources is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, exploring, and developing natural resource properties in Canada, Australia, and the United States. Novo Resources Corp. was incorporated in 2009 and is headquartered in Vancouver, Canada. NOVO RESOURCES operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 111 people.Things to note about Novo Resources Corp performance evaluation
Checking the ongoing alerts about Novo Resources for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Novo Resources Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Novo Resources Corp has some characteristics of a very speculative penny stock | |
| Novo Resources Corp had very high historical volatility over the last 90 days | |
| Net Loss for the year was (48.89 M) with profit before overhead, payroll, taxes, and interest of 2.31 M. | |
| Novo Resources Corp has accumulated about 74.88 M in cash with (47.43 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.3, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
- Analyzing Novo Resources' 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 Novo Resources' stock is overvalued or undervalued compared to its peers.
- Examining Novo Resources' 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 Novo Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Novo Resources' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Novo Resources' stock. These opinions can provide insight into Novo Resources' potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Novo Stock
Novo Resources financial ratios help investors to determine whether Novo Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Novo with respect to the benefits of owning Novo Resources security.