Nova Minerals Limited Stock Technical Analysis
| NVAWW Stock | 2.30 0.13 5.35% |
As of the 23rd of November, Nova Minerals secures the Downside Deviation of 17.69, risk adjusted performance of 0.0929, and Mean Deviation of 10.75. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nova Minerals Limited, as well as the relationship between them. Please verify Nova Minerals Limited jensen alpha and semi variance to decide if Nova Minerals Limited is priced some-what accurately, providing market reflects its recent price of 2.3 per share. Please also check out Nova Minerals total risk alpha, which is currently at (0.89) to check the company can sustain itself at a future point.
Nova Minerals Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nova, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NovaNova |
Nova Minerals 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.
Nova Minerals Limited Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Nova Minerals Limited volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nova Minerals Limited Trend Analysis
Use this graph to draw trend lines for Nova Minerals Limited. You can use it to identify possible trend reversals for Nova Minerals as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nova Minerals price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nova Minerals Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nova Minerals Limited applied against its price change over selected period. The best fit line has a slop of 0.02 , which means Nova Minerals Limited will continue generating value for investors. It has 122 observation points and a regression sum of squares at 13.55, which is the sum of squared deviations for the predicted Nova Minerals price change compared to its average price change.About Nova Minerals Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nova Minerals Limited on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nova Minerals Limited based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nova Minerals Limited price pattern first instead of the macroeconomic environment surrounding Nova Minerals Limited. By analyzing Nova Minerals's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nova Minerals's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nova Minerals specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 0.008249 | 0.0118 | Price To Sales Ratio | 1.89 | 3.45 |
Nova Minerals November 23, 2024 Technical Indicators
Most technical analysis of Nova help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nova from various momentum indicators to cycle indicators. When you analyze Nova charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.0929 | |||
| Market Risk Adjusted Performance | (2.90) | |||
| Mean Deviation | 10.75 | |||
| Semi Deviation | 12.59 | |||
| Downside Deviation | 17.69 | |||
| Coefficient Of Variation | 920.89 | |||
| Standard Deviation | 18.09 | |||
| Variance | 327.15 | |||
| Information Ratio | 0.1014 | |||
| Jensen Alpha | 2.04 | |||
| Total Risk Alpha | (0.89) | |||
| Sortino Ratio | 0.1036 | |||
| Treynor Ratio | (2.91) | |||
| Maximum Drawdown | 122.16 | |||
| Value At Risk | (19.33) | |||
| Potential Upside | 33.33 | |||
| Downside Variance | 313.1 | |||
| Semi Variance | 158.53 | |||
| Expected Short fall | (14.54) | |||
| Skewness | 1.42 | |||
| Kurtosis | 7.37 |
Additional Tools for Nova Stock Analysis
When running Nova Minerals' price analysis, check to measure Nova Minerals' 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 Minerals is operating at the current time. Most of Nova Minerals' value examination focuses on studying past and present price action to predict the probability of Nova Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Minerals' price. Additionally, you may evaluate how the addition of Nova Minerals to your portfolios can decrease your overall portfolio volatility.