Novo Resources Corp Stock Performance
| NVO Stock | CAD 0.08 0.01 10.00% |
Novo Resources has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.33, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Novo Resources are expected to decrease at a much lower rate. During the bear market, Novo Resources is likely to outperform the market. Novo Resources Corp right now secures a risk of 4.78%. Please verify Novo Resources Corp potential upside and the relationship between the skewness and price action indicator , to decide if Novo Resources Corp will be following its current price movements.
Risk-Adjusted Performance
2 of 100
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Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Novo Resources Corp are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of very abnormal basic indicators, Novo Resources may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
Last Split Factor 2:1 | Last Split Date 2023-09-20 |
1 | Novo Resources defines Belltopper Gold Project exploration target By Proactive Investors - Investing.com Australia | 09/24/2024 |
2 | Novo Resources Price-to-Operating-Cash-Flow - GuruFocus.com | 12/05/2024 |
| Begin Period Cash Flow | 47.9 M |
Novo |
Novo Resources Relative Risk vs. Return Landscape
If you would invest 8.00 in Novo Resources Corp on September 12, 2024 and sell it today you would earn a total of 0.25 from holding Novo Resources Corp or generate 3.13% return on investment over 90 days. Novo Resources Corp is generating 0.1601% of daily returns assuming 4.7753% volatility of returns over the 90 days investment horizon. Simply put, 42% of all stocks have less volatile historical return distribution than Novo Resources, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
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 = 0.0335
| Best Portfolio | Best Equity | |||
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| Small Returns | NVO | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.78 actual daily | 42 58% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Novo Resources is performing at about 2% 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 | 20.78 M | ||||
| Shares Outstanding | 354.63 M | ||||
| Price To Earning | 2.33 X | ||||
| Price To Book | 0.39 X | ||||
| Price To Sales | 0.66 X | ||||
| Gross Profit | (21.41 M) | ||||
| EBITDA | (24.39 M) | ||||
| Net Income | (48.89 M) | ||||
| Cash And Equivalents | 74.88 M | ||||
| Cash Per Share | 0.30 X | ||||
| Total Debt | 1.61 M | ||||
| Debt To Equity | 0.26 % | ||||
| Current Ratio | 1.73 X | ||||
| Book Value Per Share | 0.21 X | ||||
| Cash Flow From Operations | (47.43 M) | ||||
| Earnings Per Share | (0.13) X | ||||
| Market Capitalization | 29.26 M | ||||
| Total Asset | 106.45 M | ||||
| Retained Earnings | (391.17 M) | ||||
| Working Capital | 14.89 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.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 13.18 | 13.84 | |
| Return On Tangible Assets | (1.20) | (1.14) | |
| Return On Capital Employed | (0.47) | (0.44) | |
| Return On Assets | (1.20) | (1.14) | |
| Return On Equity | (1.51) | (1.43) |
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 loss before overhead, payroll, taxes, and interest of (21.41 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. | |
| Latest headline from news.google.com: Novo Resources Price-to-Operating-Cash-Flow - GuruFocus.com |
- 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.