Novo Resources Corp Stock Price on November 7, 2024
NSRPF Stock | USD 0.06 0 4.83% |
If you're considering investing in Novo OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Novo Resources stands at 0.06, as last reported on the 12th of December 2024, with the highest price reaching 0.06 and the lowest price hitting 0.06 during the day. Novo Resources Corp has Sharpe Ratio of -0.0225, which conveys that the firm had a -0.0225% return per unit of risk over the last 3 months. Novo Resources exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Novo Resources' Mean Deviation of 3.24, downside deviation of 4.67, and Risk Adjusted Performance of 0.0152 to check out the risk estimate we provide.
Novo OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Novo |
Sharpe Ratio = -0.0225
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Estimated Market Risk
4.47 actual daily | 39 61% of assets are more volatile |
Expected Return
-0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Novo Resources is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Novo Resources by adding Novo Resources to a well-diversified portfolio.
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Novo Resources Valuation on November 7, 2024
It is possible to determine the worth of Novo Resources on a given historical date. On November 7, 2024 Novo was worth 0.0617 at the beginning of the trading date compared to the closed value of 0.0651. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Novo Resources otc stock. Still, in general, we apply an absolute valuation method to find Novo Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Novo Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Novo Resources' related companies.
Open | High | Low | Close | Volume | |
0.06 | 0.07 | 0.06 | 0.06 | 69,700 | |
11/07/2024 | 0.06 | 0.07 | 0.06 | 0.07 | 50,247 |
0.06 | 0.06 | 0.06 | 0.06 | 30,400 |
Backtest Novo Resources | | | Novo Resources History | | | Novo Resources Valuation | Previous | Next |
Novo Resources Trading Date Momentum on November 7, 2024
On November 08 2024 Novo Resources Corp was traded for 0.06 at the closing time. The highest daily price throughout the period was 0.06 and the lowest price was 0.06 . The daily volume was 30.4 K. The net trading volume on 11/08/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 6.76% . The trading delta at closing time to current closing price is 14.13% . |
Novo Resources Corp Fundamentals Correlations and Trends
By evaluating Novo Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Novo Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Novo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Novo Resources OTC Stock history
Novo Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Novo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Novo Resources Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Novo Resources stock prices may prove useful in developing a viable investing in Novo Resources
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.
Novo Resources OTC Stock Technical Analysis
Novo Resources technical otc 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, otc market cycles, or different charting patterns.
Price Boundaries
Novo Resources Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Novo Resources Corp cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQX Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Novo Resources December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Novo Resources otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Novo Resources shares will generate the highest return on investment. By undertsting and applying Novo Resources otc stock market strength indicators, traders can identify Novo Resources Corp entry and exit signals to maximize returns
Novo Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Novo Resources' price direction in advance. Along with the technical and fundamental analysis of Novo OTC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Novo to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.0152 | |||
Jensen Alpha | 0.0189 | |||
Total Risk Alpha | (0.66) | |||
Sortino Ratio | (0.02) | |||
Treynor Ratio | 0.2876 |
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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.
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