Nova Lifestyle I Stock Market Value
| NVFY Stock | USD 0.46 0.03 6.12% |
| Symbol | Nova |
Nova Lifestyle I Price To Book Ratio
Is Household Durables space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nova Lifestyle. If investors know Nova will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nova Lifestyle listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.40) | Revenue Per Share 4.849 | Quarterly Revenue Growth (0.40) | Return On Assets (0.55) | Return On Equity (3.27) |
The market value of Nova Lifestyle I is measured differently than its book value, which is the value of Nova that is recorded on the company's balance sheet. Investors also form their own opinion of Nova Lifestyle's value that differs from its market value or its book value, called intrinsic value, which is Nova Lifestyle's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nova Lifestyle's market value can be influenced by many factors that don't directly affect Nova Lifestyle's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nova Lifestyle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova Lifestyle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova Lifestyle's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Nova Lifestyle 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nova Lifestyle's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nova Lifestyle.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Nova Lifestyle on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Nova Lifestyle I or generate 0.0% return on investment in Nova Lifestyle over 720 days. Nova Lifestyle is related to or competes with Aterian, Energy Focu, and American Woodmark. Nova LifeStyle, Inc., through its subsidiaries, designs, manufactures, markets, and sells residential and commercial fur... More
Nova Lifestyle Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nova Lifestyle's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nova Lifestyle I upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 40.19 | |||
| Value At Risk | (8.43) | |||
| Potential Upside | 5.0 |
Nova Lifestyle Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nova Lifestyle's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nova Lifestyle's standard deviation. In reality, there are many statistical measures that can use Nova Lifestyle historical prices to predict the future Nova Lifestyle's volatility.| Risk Adjusted Performance | (0.23) | |||
| Jensen Alpha | (1.83) | |||
| Total Risk Alpha | (2.46) | |||
| Treynor Ratio | (1.23) |
Nova Lifestyle I Backtested Returns
Nova Lifestyle I has Sharpe Ratio of -0.29, which conveys that the firm had a -0.29% return per unit of risk over the last 3 months. Nova Lifestyle exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nova Lifestyle's Mean Deviation of 3.67, standard deviation of 5.25, and Risk Adjusted Performance of (0.23) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.36, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nova Lifestyle will likely underperform. At this point, Nova Lifestyle I has a negative expected return of -1.56%. Please make sure to verify Nova Lifestyle's value at risk, rate of daily change, as well as the relationship between the Rate Of Daily Change and relative strength index , to decide if Nova Lifestyle I performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Nova Lifestyle I has below average predictability. Overlapping area represents the amount of predictability between Nova Lifestyle time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nova Lifestyle I price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Nova Lifestyle price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
Nova Lifestyle I lagged returns against current returns
Autocorrelation, which is Nova Lifestyle stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nova Lifestyle's stock expected returns. We can calculate the autocorrelation of Nova Lifestyle returns to help us make a trade decision. For example, suppose you find that Nova Lifestyle has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Nova Lifestyle regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nova Lifestyle stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nova Lifestyle stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nova Lifestyle stock over time.
Current vs Lagged Prices |
| Timeline |
Nova Lifestyle Lagged Returns
When evaluating Nova Lifestyle's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nova Lifestyle stock have on its future price. Nova Lifestyle autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nova Lifestyle autocorrelation shows the relationship between Nova Lifestyle stock current value and its past values and can show if there is a momentum factor associated with investing in Nova Lifestyle I.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.