Nova Stock Alpha and Beta Analysis
| NVMI Stock | USD 179.76 0.04 0.02% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Nova. It also helps investors analyze the systematic and unsystematic risks associated with investing in Nova over a specified time horizon. Remember, high Nova'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's market risk premium analysis include:
Beta 1.87 | Alpha (0.50) | Risk 3.55 | Sharpe Ratio (0.08) | Expected Return (0.29) |
Enterprise Value |
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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 Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Nova market risk premium is the additional return an investor will receive from holding Nova 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. 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's performance over market.| α | -0.5 | β | 1.87 |
Nova 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's Buy-and-hold return. Our buy-and-hold chart shows how Nova performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Nova Market Price Analysis
Market price analysis indicators help investors to evaluate how Nova 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 shares will generate the highest return on investment. By understating and applying Nova stock market price indicators, traders can identify Nova position entry and exit signals to maximize returns.
Nova Return and Market Media
The median price of Nova for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 199.67 with a coefficient of variation of 6.67. The daily time series for the period is distributed with a sample standard deviation of 13.24, arithmetic mean of 198.41, and mean deviation of 10.61. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Discretionary transaction by Marxe Austin W Greenhouse David M of tradable shares of Nova subject to Rule 16b-3 | 10/16/2024 |
2 | Semiconductor Manufacturing Stocks Q2 Highlights Marvell Technology | 10/18/2024 |
3 | Nova Ltd Stock Price Up 3.29 percent on Oct 28 | 10/28/2024 |
4 | Shareholders Should Be Pleased With Nova Ltd.s Price | 11/04/2024 |
5 | Nova Ltd Stock Price Up 5.05 percent on Nov 7 | 11/07/2024 |
6 | Y.D. More Investments Ltd Reduces Stake in SHL Telemedicine Ltd | 11/13/2024 |
7 | Analysis of WASATCH ADVISORS LPs Recent Transaction in BigCommerce Holdings Inc | 11/14/2024 |
8 | Sunnova Energys CFO Eric Michael Williams buys 49,680 in stock - Investing.com | 11/20/2024 |
About Nova 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 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.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 60.04 | 69.91 | 78.41 | 54.94 | PTB Ratio | 8.77 | 3.99 | 5.28 | 4.05 |
Nova Upcoming Company Events
As portrayed in its financial statements, the presentation of Nova's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Nova's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Nova's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Nova. Please utilize our Beneish M Score to check the likelihood of Nova's management manipulating its earnings.
| 15th of February 2024 Upcoming Quarterly Report | View | |
| 9th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Align your risk with return expectations
Check out Nova Backtesting, Nova Valuation, Nova Correlation, Nova Hype Analysis, Nova Volatility, Nova History and analyze Nova Performance. For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Nova technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.