Nova Vision Acquisition Stock Alpha and Beta Analysis
| NOVV Stock | USD 37.00 0.00 0.00% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Nova Vision Acquisition. It also helps investors analyze the systematic and unsystematic risks associated with investing in Nova Vision over a specified time horizon. Remember, high Nova Vision's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Nova Vision's market risk premium analysis include:
Beta 2.86 | Alpha 2.68 | Risk 0.0 | Sharpe Ratio 0.0 | Expected Return 0.0 |
Enterprise Value |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Nova |
Nova Vision Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Nova Vision market risk premium is the additional return an investor will receive from holding Nova Vision long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Nova Vision. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Nova Vision's performance over market.| α | 2.68 | β | 2.86 |
Nova Vision Fundamentals Vs Peers
Comparing Nova Vision's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Nova Vision's direct or indirect competition across all of the common fundamentals between Nova Vision and the related equities. This way, we can detect undervalued stocks with similar characteristics as Nova Vision or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Nova Vision's fundamental indicators could also be used in its relative valuation, which is a method of valuing Nova Vision by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Nova Vision to competition |
| Fundamentals | Nova Vision | Peer Average |
| Return On Equity | -0.0309 | -0.31 |
| Return On Asset | -0.0275 | -0.14 |
| Current Valuation | 76.19 M | 16.62 B |
| Shares Outstanding | 1.98 M | 571.82 M |
| Shares Owned By Insiders | 95.20 % | 10.09 % |
| Shares Owned By Institutions | 2.85 % | 39.21 % |
| Number Of Shares Shorted | 27.94 K | 4.71 M |
Nova Vision Opportunities
Nova Vision Return and Market Media
The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Nova Vision Acquisition versus Its Rivals Financial Survey | 10/03/2024 |
2 | Discretionary transaction by Barclays Plc of 9000 shares of Nova Vision at 11.5 subject to Rule 16b-3 | 10/04/2024 |
About Nova Vision Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Nova or other stocks. Alpha measures the amount that position in Nova Vision Acquisition has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2010 | 2023 | 2024 (projected) | EV To Sales | 114.69 | 46.35 | 88.57 | PB Ratio | 0.3 | 2.67 | 1.9 |
Nova Vision Upcoming Company Events
As portrayed in its financial statements, the presentation of Nova Vision's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Nova Vision's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Nova Vision's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Nova Vision. Please utilize our Beneish M Score to check the likelihood of Nova Vision's management manipulating its earnings.
| 29th of March 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
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Additional Tools for Nova Stock Analysis
When running Nova Vision's price analysis, check to measure Nova Vision'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 Vision is operating at the current time. Most of Nova Vision's value examination focuses on studying past and present price action to predict the probability of Nova Vision'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 Vision's price. Additionally, you may evaluate how the addition of Nova Vision to your portfolios can decrease your overall portfolio volatility.