Novan Inc Alpha and Beta Analysis
| NOVNDelisted Stock | USD 0.13 0.00 0.00% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Novan Inc. It also helps investors analyze the systematic and unsystematic risks associated with investing in Novan over a specified time horizon. Remember, high Novan'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 Novan's market risk premium analysis include:
Beta 0.68 | Alpha (2.54) | Risk 0.0 | Sharpe Ratio 0.0 | Expected Return 0.0 |
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.
Novan |
Novan Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Novan market risk premium is the additional return an investor will receive from holding Novan 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 Novan. 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 Novan's performance over market.| α | -2.54 | β | 0.68 |
Novan Fundamentals Vs Peers
Comparing Novan's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Novan's direct or indirect competition across all of the common fundamentals between Novan and the related equities. This way, we can detect undervalued stocks with similar characteristics as Novan or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Novan's fundamental indicators could also be used in its relative valuation, which is a method of valuing Novan by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Novan to competition |
| Fundamentals | Novan | Peer Average |
| Return On Equity | -20.99 | -0.31 |
| Return On Asset | -0.26 | -0.14 |
| Profit Margin | (1.29) % | (1.27) % |
| Operating Margin | (1.59) % | (5.51) % |
| Current Valuation | 27.74 M | 16.62 B |
| Shares Outstanding | 28.02 M | 571.82 M |
| Shares Owned By Insiders | 0.86 % | 10.09 % |
Novan Opportunities
Novan Return and Market Media
The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Novan Plans Strategic Focus on Molluscum Contagiosum Treatment, Shares Fall | 05/31/2023 |
2 | Take Care Before Diving Into The Deep End On Novan, Inc. | 06/07/2023 |
3 | European shares open lower on rate jitters Novartis rises | 06/08/2023 |
4 | Novartis to acquire US-based Chinook for 3.2 bln upfront | 06/12/2023 |
5 | Is Vanguard International Dividend Appreciation ETF a Strong ETF Right Now | 07/11/2023 |
6 | Novan craters as company files for bankruptcy, to sell most of its assets | 07/17/2023 |
7 | Novan Inc. NOVN is -87.67 percent lower this YTD. Is it still time to buy - The DBT News | 07/18/2023 |
About Novan 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 Novan or other delisted stocks. Alpha measures the amount that position in Novan Inc 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.
Novan Upcoming Company Events
As portrayed in its financial statements, the presentation of Novan's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Novan's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Novan's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Novan. Please utilize our Beneish M Score to check the likelihood of Novan's management manipulating its earnings.
| 10th of August 2023 Upcoming Quarterly Report | View | |
| 13th of November 2023 Next Financial Report | View | |
| 30th of June 2023 Next Fiscal Quarter End | View | |
| 4th of April 2024 Next Fiscal Year End | View | |
| 31st of March 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Novan
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Other Consideration for investing in Novan Stock
If you are still planning to invest in Novan Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Novan's history and understand the potential risks before investing.
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |