Nova Leap Financials
| NVLPF Stock | USD 0.18 0.02 10.00% |
With this module, you can analyze Nova financials for your investing period. You should be able to track the changes in Nova Leap individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
Nova |
Understanding current and past Nova Leap Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Nova Leap's financial statements are interrelated, with each one affecting the others. For example, an increase in Nova Leap's assets may result in an increase in income on the income statement.
The data published in Nova Leap's official financial statements typically reflect Nova Leap's 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 Nova Leap's quantitative information. For example, before you start analyzing numbers published by Nova accountants, it's essential to understand Nova Leap's liquidity, profitability, and earnings quality within the context of the Healthcare space in which it operates.
Nova Leap Stock Summary
Nova Leap competes with Pennant, Encompass Health, Enhabit, Concord Medical, and National HealthCare. Nova Leap Health Corp. provides home and home health care services in the United States and Canada. Nova Leap Health Corp. was incorporated in 2015 and is headquartered in Halifax, Canada. Nova Leap is traded on OTC Exchange in the United States.| Instrument | USA OTC Stock View All |
| Exchange | OTCQX Exchange |
| Business Address | 7071 Bayers Road, |
| Sector | Healthcare |
| Industry | Medical Care Facilities |
| Benchmark | Dow Jones Industrial |
| Website | novaleaphealth.com |
| Phone | 902 401 9480 |
| Currency | USD - US Dollar |
Nova Leap Key Financial Ratios
There are many critical financial ratios that Nova Leap's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Nova Leap Health reports annually and quarterly.| Return On Equity | -0.0309 | |||
| Return On Asset | -0.0294 | |||
| Beta | 0.66 | |||
| Z Score | 10.8 |
Nova Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nova Leap's current stock value. Our valuation model uses many indicators to compare Nova Leap value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nova Leap competition to find correlations between indicators driving Nova Leap's intrinsic value. More Info.Nova Leap Health 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 Nova Leap's earnings, one of the primary drivers of an investment's value.Nova Leap Health Systematic Risk
Nova Leap's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Nova Leap 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 ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Nova Leap Health correlated with the market. If Beta is less than 0 Nova Leap generally moves in the opposite direction as compared to the market. If Nova Leap Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Nova Leap Health is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Nova Leap is generally in the same direction as the market. If Beta > 1 Nova Leap moves generally in the same direction as, but more than the movement of the benchmark.
Nova Leap November 29, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Nova Leap help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Nova Leap Health. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nova Leap Health based on widely used predictive technical indicators. In general, we focus on analyzing Nova OTC Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Nova Leap's daily price indicators and compare them against related drivers.
| Downside Deviation | 14.26 | |||
| Information Ratio | 0.033 | |||
| Maximum Drawdown | 47.34 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 11.76 |
Complementary Tools for Nova OTC Stock analysis
When running Nova Leap's price analysis, check to measure Nova Leap'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 Leap is operating at the current time. Most of Nova Leap's value examination focuses on studying past and present price action to predict the probability of Nova Leap'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 Leap's price. Additionally, you may evaluate how the addition of Nova Leap to your portfolios can decrease your overall portfolio volatility.
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