Novo Resources Financials
| NSRPF Stock | USD 0.06 0 5.27% |
With this module, you can analyze Novo financials for your investing period. You should be able to track the changes in Novo Resources individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
Novo |
The data published in Novo Resources' official financial statements typically reflect Novo Resources' business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Novo Resources' quantitative information. For example, before you start analyzing numbers published by Novo accountants, it's essential to understand Novo Resources' liquidity, profitability, and earnings quality within the context of the Metals & Mining space in which it operates.
Novo Resources Stock Summary
Novo Resources competes with Atlas Corp, PureCycle Technologies, and GCM Grosvenor. Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, exploring, and developing natural resource properties in Canada, Australia, and the United States. Novo Resources Corp. was incorporated in 2009 and is headquartered in Vancouver, Canada. Novo Res operates under Gold classification in the United States and is traded on OTC Exchange. It employs 111 people.| Instrument | USA OTC Stock View All |
| Exchange | OTCQX Exchange |
| ISIN | CA67010B1022 |
| Business Address | 580 Hornby Street, |
| Sector | Metals & Mining |
| Industry | Materials |
| Benchmark | Dow Jones Industrial |
| Website | www.novoresources.com |
| Phone | 604 562 4854 |
| Currency | USD - US Dollar |
Novo Resources Key Financial Ratios
There are many critical financial ratios that Novo Resources' investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Novo Resources Corp reports annually and quarterly.Novo Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Novo Resources's current stock value. Our valuation model uses many indicators to compare Novo Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Novo Resources competition to find correlations between indicators driving Novo Resources's intrinsic value. More Info.Novo Resources Corp is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Novo Resources' earnings, one of the primary drivers of an investment's value.Novo Resources Corp Systematic Risk
Novo Resources' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Novo Resources volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourty-two with a total number of output elements of nineteen. The Beta measures systematic risk based on how returns on Novo Resources Corp correlated with the market. If Beta is less than 0 Novo Resources generally moves in the opposite direction as compared to the market. If Novo Resources Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Novo Resources Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Novo Resources is generally in the same direction as the market. If Beta > 1 Novo Resources moves generally in the same direction as, but more than the movement of the benchmark.
Novo Resources Thematic Clasifications
Novo Resources Corp is part of Gold and Gold Mining investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Stocks, funds, and ETFs that are involved in producing or trading gold across different geographical areas. Large and mid-size companies, ETFs and funds that are either investing, exploring or producing, gold or indirectly involved in trading or making gold products
This theme covers Stocks, funds, and ETFs that are involved in producing or trading gold across different geographical areas. Large and mid-size companies, ETFs and funds that are either investing, exploring or producing, gold or indirectly involved in trading or making gold products. Get More Thematic Ideas
| Gold and Gold Mining | View |
Novo Resources December 12, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Novo Resources help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Novo Resources Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Novo Resources Corp based on widely used predictive technical indicators. In general, we focus on analyzing Novo OTC Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Novo Resources's daily price indicators and compare them against related drivers.
| Downside Deviation | 4.67 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 21.13 | |||
| Value At Risk | (6.92) | |||
| Potential Upside | 8.99 |
Complementary Tools for Novo OTC Stock analysis
When running Novo Resources' price analysis, check to measure Novo Resources' 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 Novo Resources is operating at the current time. Most of Novo Resources' value examination focuses on studying past and present price action to predict the probability of Novo Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novo Resources' price. Additionally, you may evaluate how the addition of Novo Resources to your portfolios can decrease your overall portfolio volatility.
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing |