Neovasc Performance
| NVCNDelisted Stock | USD 30.03 0.00 0.00% |
The company secures a Beta (Market Risk) of -1.26, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Neovasc are expected to decrease by larger amounts. On the other hand, during market turmoil, Neovasc is expected to outperform it. Neovasc right now secures a risk of 0.0%. Please verify Neovasc jensen alpha, value at risk, as well as the relationship between the Value At Risk and skewness , to decide if Neovasc will be following its current price movements.
Risk-Adjusted Performance
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Over the last 90 days Neovasc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy fundamental indicators, Neovasc is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
| Begin Period Cash Flow | 51.5 M |
Neovasc |
Neovasc Relative Risk vs. Return Landscape
If you would invest 3,003 in Neovasc on September 4, 2024 and sell it today you would earn a total of 0.00 from holding Neovasc or generate 0.0% return on investment over 90 days. Neovasc is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of stocks are less volatile than Neovasc, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Neovasc Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neovasc's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Neovasc, and traders can use it to determine the average amount a Neovasc's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0
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Based on monthly moving average Neovasc 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 Neovasc by adding Neovasc to a well-diversified portfolio.
Neovasc Fundamentals Growth
Neovasc Stock prices reflect investors' perceptions of the future prospects and financial health of Neovasc, and Neovasc fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Neovasc Stock performance.
| Return On Equity | -0.78 | |||
| Return On Asset | -0.33 | |||
| Current Valuation | 8.96 M | |||
| Shares Outstanding | 2.76 M | |||
| Price To Earning | 0.21 X | |||
| Price To Book | 1.00 X | |||
| Price To Sales | 9.37 X | |||
| Revenue | 3.81 M | |||
| EBITDA | (37.07 M) | |||
| Cash And Equivalents | 37.63 M | |||
| Cash Per Share | 13.72 X | |||
| Total Debt | 12.63 M | |||
| Debt To Equity | 0.34 % | |||
| Book Value Per Share | 10.22 X | |||
| Cash Flow From Operations | (24.93 M) | |||
| Earnings Per Share | (15.07) X | |||
| Total Asset | 38.73 M | |||
| Retained Earnings | (376.18 M) | |||
| Current Asset | 57.51 M | |||
| Current Liabilities | 3.23 M | |||
About Neovasc Performance
By examining Neovasc's fundamental ratios, stakeholders can obtain critical insights into Neovasc's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Neovasc is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
Neovasc Inc., a specialty medical device company, develops, manufactures, and markets products for cardiovascular marketplace in Europe and internationally. Neovasc Inc. was incorporated in 2000 and is headquartered in Richmond, Canada. Neovasc operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 49 people.Things to note about Neovasc performance evaluation
Checking the ongoing alerts about Neovasc for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Neovasc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Neovasc is not yet fully synchronised with the market data | |
| Neovasc has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 3.81 M. Net Loss for the year was (41.2 M) with loss before overhead, payroll, taxes, and interest of (7.08 M). | |
| Neovasc currently holds about 37.63 M in cash with (24.93 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 13.72. |
- Analyzing Neovasc's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Neovasc's stock is overvalued or undervalued compared to its peers.
- Examining Neovasc's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Neovasc's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Neovasc's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Neovasc's stock. These opinions can provide insight into Neovasc's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Other Consideration for investing in Neovasc Stock
If you are still planning to invest in Neovasc 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 Neovasc's history and understand the potential risks before investing.
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