Nova Minerals Limited Stock Price on July 25, 2024
| NVA Stock | 11.69 0.39 3.45% |
If you're considering investing in Nova Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nova Minerals stands at 11.69, as last reported on the 12th of December 2024, with the highest price reaching 11.90 and the lowest price hitting 11.30 during the day. Nova Minerals is moderately volatile given 3 months investment horizon. Nova Minerals Limited has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.16% are justified by taking the suggested risk. Use Nova Minerals Limited Mean Deviation of 4.63, risk adjusted performance of 0.1396, and Downside Deviation of 6.71 to evaluate company specific risk that cannot be diversified away.
The current year's Stock Based Compensation To Revenue is expected to grow to 0.01. At present, Nova Minerals' Price To Sales Ratio is projected to drop slightly based on the last few years of reporting. The current year's Price Earnings Ratio is expected to grow to 6.81, whereas Price Earnings To Growth Ratio is projected to grow to (0.16). Nova Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nova |
Sharpe Ratio = 0.1755
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Estimated Market Risk
| 6.6 actual daily | 58 58% of assets are less volatile |
Expected Return
| 1.16 actual daily | 23 77% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average Nova Minerals is performing at about 13% of its full potential. 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 Nova Minerals by adding it to a well-diversified portfolio.
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Nova Minerals Valuation on July 25, 2024
It is possible to determine the worth of Nova Minerals on a given historical date. On July 25, 2024 Nova was worth 5.28 at the beginning of the trading date compared to the closed value of 4.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nova Minerals stock. Still, in general, we apply an absolute valuation method to find Nova Minerals' 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 Nova Minerals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nova Minerals' related companies.
| Open | High | Low | Close | Volume | |
| 6.00 | 6.50 | 4.60 | 4.80 | 103,400 | |
07/25/2024 | 5.28 | 5.32 | 4.50 | 4.80 | 31,300 |
| 4.85 | 5.24 | 4.80 | 5.01 | 27,000 |
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Nova Minerals Trading Date Momentum on July 25, 2024
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.About Nova Minerals Stock history
Nova Minerals 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 Nova is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nova Minerals Limited 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 Nova Minerals stock prices may prove useful in developing a viable investing in Nova Minerals
Nova Minerals Stock Technical Analysis
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.
Price Boundaries
Nova Minerals Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Nova Minerals Limited cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE MKT 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.
Nova Minerals December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Nova Minerals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nova Minerals shares will generate the highest return on investment. By undertsting and applying Nova Minerals stock market strength indicators, traders can identify Nova Minerals Limited entry and exit signals to maximize returns
Nova Minerals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nova Minerals' price direction in advance. Along with the technical and fundamental analysis of Nova Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nova 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 | 0.1396 | |||
| Jensen Alpha | 1.3 | |||
| Total Risk Alpha | 0.136 | |||
| Sortino Ratio | 0.1568 | |||
| Treynor Ratio | (0.99) |
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Complementary 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.
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