Nova Cannabis Price on November 29, 2024

NVACFDelisted Stock  USD 1.26  0.00  0.00%   
If you're considering investing in Nova OTC Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nova Cannabis stands at 1.26, as last reported on the 29th of November, with the highest price reaching 1.26 and the lowest price hitting 1.26 during the day. Nova Cannabis has Sharpe Ratio of -0.0611, which conveys that the firm had a -0.0611% return per unit of risk over the last 3 months. Nova Cannabis exposes twenty-five different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nova Cannabis' Downside Deviation of 6.2, risk adjusted performance of 0.0958, and Mean Deviation of 2.15 to check out the risk estimate we provide.
  
Nova OTC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0611

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Estimated Market Risk

 0.66
  actual daily
5
95% of assets are more volatile

Expected Return

 -0.04
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.06
  actual daily
0
Most of other assets perform better
Based on monthly moving average Nova Cannabis 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 Nova Cannabis by adding Nova Cannabis to a well-diversified portfolio.

Nova Cannabis Valuation on November 29, 2024

It is possible to determine the worth of Nova Cannabis on a given historical date. On November 29, 2024 Nova was worth 1.26 at the beginning of the trading date compared to the closed value of 1.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nova Cannabis otc stock. Still, in general, we apply an absolute valuation method to find Nova Cannabis' 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 Cannabis where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nova Cannabis' related companies.
 Open High Low Close Volume
11/29/2024
  1.26    1.26    1.26    1.26    0.00  
Backtest Nova Cannabis  |  Nova Cannabis History  |  Nova Cannabis Valuation 
Open Value
1.26
1.26
Closing Value
3.24
Upside

Nova Cannabis Trading Date Momentum on November 29, 2024

Nova Cannabis Fundamentals Correlations and Trends

By evaluating Nova Cannabis' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nova Cannabis' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nova financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Nova Cannabis OTC Stock history

Nova Cannabis 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 Cannabis 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 Cannabis stock prices may prove useful in developing a viable investing in Nova Cannabis
Nova Cannabis Inc. engages in the operation of retail cannabis stores with a focus on the recreational-use cannabis market in Canada. As of March 31, 2022, the company operated 78 cannabis stores in Alberta, Ontario, and Saskatchewan. Nova Cannabis operates under Pharmaceutical Retailers classification in the United States and is traded on OTC Exchange. It employs 548 people.

Nova Cannabis OTC Stock Technical Analysis

Nova Cannabis 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.
A focus of Nova Cannabis technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nova Cannabis trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Nova Cannabis Period Price Range

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November 29, 2024
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Nova Cannabis cannot be verified against its exchange. Please verify the symbol is currently traded on OTCQB 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 Cannabis November 29, 2024 Market Strength

Market strength indicators help investors to evaluate how Nova Cannabis 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 Nova Cannabis shares will generate the highest return on investment. By undertsting and applying Nova Cannabis otc stock market strength indicators, traders can identify Nova Cannabis entry and exit signals to maximize returns

Nova Cannabis Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Nova Cannabis' price direction in advance. Along with the technical and fundamental analysis of Nova OTC 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.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Note that the Nova Cannabis information on this page should be used as a complementary analysis to other Nova Cannabis' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Other Consideration for investing in Nova OTC Stock

If you are still planning to invest in Nova Cannabis check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Nova Cannabis' history and understand the potential risks before investing.
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