Nova Eye (Australia) Alpha and Beta Analysis
| EYE Stock | 0.15 0.01 6.25% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Nova Eye Medical. It also helps investors analyze the systematic and unsystematic risks associated with investing in Nova Eye over a specified time horizon. Remember, high Nova Eye's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Nova Eye's market risk premium analysis include:
Beta 0.0989 | Alpha (0.46) | Risk 4.72 | Sharpe Ratio (0.13) | Expected Return (0.61) |
Nova Eye Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Nova |
Nova Eye Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Nova Eye market risk premium is the additional return an investor will receive from holding Nova Eye long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Nova Eye. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Nova Eye's performance over market.| α | -0.46 | β | 0.1 |
Nova Eye expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Nova Eye's Buy-and-hold return. Our buy-and-hold chart shows how Nova Eye performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Nova Eye Market Price Analysis
Market price analysis indicators help investors to evaluate how Nova Eye stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nova Eye shares will generate the highest return on investment. By understating and applying Nova Eye stock market price indicators, traders can identify Nova Eye position entry and exit signals to maximize returns.
Nova Eye Return and Market Media
The median price of Nova Eye for the period between Sun, Aug 25, 2024 and Sat, Nov 23, 2024 is 0.18 with a coefficient of variation of 11.7. The daily time series for the period is distributed with a sample standard deviation of 0.02, arithmetic mean of 0.18, and mean deviation of 0.02. The Stock received some media coverage during the period. Price Growth (%) |
| Timeline |
1 | Nova Eye Medical Schedules AGM and Director Elections - TipRanks | 09/26/2024 |
2 | Nova Eye Medical Discusses Future Expectations and Risks - TipRanks | 11/20/2024 |
About Nova Eye Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Nova or other stocks. Alpha measures the amount that position in Nova Eye Medical has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nova Eye in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nova Eye's short interest history, or implied volatility extrapolated from Nova Eye options trading.
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Additional Tools for Nova Stock Analysis
When running Nova Eye's price analysis, check to measure Nova Eye'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 Eye is operating at the current time. Most of Nova Eye's value examination focuses on studying past and present price action to predict the probability of Nova Eye'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 Eye's price. Additionally, you may evaluate how the addition of Nova Eye to your portfolios can decrease your overall portfolio volatility.