Nova Lifestyle I Stock Probability of Future Stock Price Finishing Over 0.4718
| NVFY Stock | USD 0.47 0.01 2.57% |
Nova |
Nova Lifestyle Target Price Odds to finish over 0.4718
The tendency of Nova Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 0.47 | 90 days | 0.47 | under 95 |
Based on a normal probability distribution, the odds of Nova Lifestyle to move above the current price in 90 days from now is under 95 (This Nova Lifestyle I probability density function shows the probability of Nova Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.07 . This indicates Nova Lifestyle I market returns are sensitive to returns on the market. As the market goes up or down, Nova Lifestyle is expected to follow. Additionally Nova Lifestyle I has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Nova Lifestyle Price Density |
| Price |
Predictive Modules for Nova Lifestyle
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nova Lifestyle I. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Nova Lifestyle Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nova Lifestyle is not an exception. The market had few large corrections towards the Nova Lifestyle's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nova Lifestyle I, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nova Lifestyle within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.6 | |
β | Beta against Dow Jones | 1.07 | |
σ | Overall volatility | 0.38 | |
Ir | Information ratio | -0.29 |
Nova Lifestyle Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nova Lifestyle for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nova Lifestyle I can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nova Lifestyle I generated a negative expected return over the last 90 days | |
| Nova Lifestyle I has high historical volatility and very poor performance | |
| Nova Lifestyle I has some characteristics of a very speculative penny stock | |
| Nova Lifestyle I has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 11.09 M. Net Loss for the year was (7.72 M) with loss before overhead, payroll, taxes, and interest of (7.78 M). | |
| Nova Lifestyle I currently holds about 4.68 M in cash with (1.58 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.68, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 30.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: Nova Lifestyle Stock Drops 6.26 percent Amidst Market Volatility |
Nova Lifestyle Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nova Stock often depends not only on the future outlook of the current and potential Nova Lifestyle's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nova Lifestyle's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.6 M | |
| Cash And Short Term Investments | 369.1 K |
Nova Lifestyle Technical Analysis
Nova Lifestyle's future price can be derived by breaking down and analyzing its technical indicators over time. Nova Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nova Lifestyle I. In general, you should focus on analyzing Nova Stock price patterns and their correlations with different microeconomic environments and drivers.
Nova Lifestyle Predictive Forecast Models
Nova Lifestyle's time-series forecasting models is one of many Nova Lifestyle's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Nova Lifestyle's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Nova Lifestyle I
Checking the ongoing alerts about Nova Lifestyle for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nova Lifestyle I help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nova Lifestyle I generated a negative expected return over the last 90 days | |
| Nova Lifestyle I has high historical volatility and very poor performance | |
| Nova Lifestyle I has some characteristics of a very speculative penny stock | |
| Nova Lifestyle I has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 11.09 M. Net Loss for the year was (7.72 M) with loss before overhead, payroll, taxes, and interest of (7.78 M). | |
| Nova Lifestyle I currently holds about 4.68 M in cash with (1.58 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.68, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 30.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: Nova Lifestyle Stock Drops 6.26 percent Amidst Market Volatility |
Additional Tools for Nova Stock Analysis
When running Nova Lifestyle's price analysis, check to measure Nova Lifestyle'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 Lifestyle is operating at the current time. Most of Nova Lifestyle's value examination focuses on studying past and present price action to predict the probability of Nova Lifestyle'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 Lifestyle's price. Additionally, you may evaluate how the addition of Nova Lifestyle to your portfolios can decrease your overall portfolio volatility.