Nova Revenue vs. Shares Owned By Institutions
| NVMI Stock | ILA 65,150 3,230 5.22% |
For Nova profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nova to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nova utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nova's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nova over time as well as its relative position and ranking within its peers.
Nova |
Nova Shares Owned By Institutions vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nova's current stock value. Our valuation model uses many indicators to compare Nova value to that of its competitors to determine the firm's financial worth. Nova is rated top company in revenue category among its peers. It also is considered to be number one stock in shares owned by institutions category among its peers . The ratio of Revenue to Shares Owned By Institutions for Nova is about 5,320,458 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Nova by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Nova's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Nova Revenue vs. Competition
Nova is rated top company in revenue category among its peers. Market size based on revenue of Semiconductor Equipment & Materials industry is now estimated at about 9.85 Billion. Nova holds roughly 416.11 Million in revenue claiming about 4% of equities listed under Semiconductor Equipment & Materials industry.
Nova Shares Owned By Institutions vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Nova |
| = | 416.11 M |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
Nova |
| = | 78.21 % |
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
Nova Shares Owned By Institutions Comparison
Nova is currently under evaluation in shares owned by institutions category among its peers.
Nova Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nova, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nova will eventually generate negative long term returns. The profitability progress is the general direction of Nova's change in net profit over the period of time. It can combine multiple indicators of Nova, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Nova Measuring Instruments Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationally. Nova Measuring Instruments Ltd. was founded in 1993 and is headquartered in Rehovot, Israel. NOVA MEASURING operates under Semiconductor Equipment Materials classification in Israel and is traded on Tel Aviv Stock Exchange. It employs 713 people.
Nova Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nova. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Nova position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Nova's important profitability drivers and their relationship over time.
Use Nova in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nova position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nova will appreciate offsetting losses from the drop in the long position's value.Nova Pair Trading
Nova Pair Trading Analysis
The ability to find closely correlated positions to Nova could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nova when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nova - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nova to buy it.
The correlation of Nova is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nova moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nova moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nova can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Nova position
In addition to having Nova in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Construction Materials Thematic Idea Now
Construction Materials
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Construction Materials theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Construction Materials Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in Nova Stock
When determining whether Nova offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nova's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nova Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nova Stock:Check out Correlation Analysis. For information on how to trade Nova Stock refer to our How to Trade Nova Stock guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
To fully project Nova's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Nova at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Nova's income statement, its balance sheet, and the statement of cash flows.