Nova Cannabis Stock Technical Analysis
| NVACFDelisted Stock | USD 1.26 0.00 0.00% |
As of the 29th of November, Nova Cannabis secures the Risk Adjusted Performance of 0.0958, downside deviation of 6.2, and Mean Deviation of 2.15. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nova Cannabis, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down nineteen technical drivers for Nova Cannabis, which can be compared to its peers in the industry. Please verify Nova Cannabis value at risk, as well as the relationship between the semi variance and kurtosis to decide if Nova Cannabis is priced some-what accurately, providing market reflects its recent price of 1.26 per share. Given that Nova Cannabis is a hitting penny stock territory we strongly suggest to closely look at its total risk alpha.
Nova Cannabis Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nova, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NovaNova |
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.
Nova Cannabis Technical Analysis
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Nova Cannabis Trend Analysis
Use this graph to draw trend lines for Nova Cannabis. You can use it to identify possible trend reversals for Nova Cannabis as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nova Cannabis price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nova Cannabis Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nova Cannabis applied against its price change over selected period. The best fit line has a slop of 0 , which means Nova Cannabis will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.69, which is the sum of squared deviations for the predicted Nova Cannabis price change compared to its average price change.About Nova Cannabis Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nova Cannabis on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nova Cannabis based on its technical analysis. In general, a bottom-up approach, as applied to this otc stock, focuses on Nova Cannabis price pattern first instead of the macroeconomic environment surrounding Nova Cannabis. By analyzing Nova Cannabis's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nova Cannabis's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nova Cannabis specific price patterns or momentum indicators. Please read more on our technical analysis page.
Nova Cannabis November 29, 2024 Technical Indicators
Most technical analysis of Nova help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nova from various momentum indicators to cycle indicators. When you analyze Nova charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | 0.0958 | |||
| Market Risk Adjusted Performance | 13.26 | |||
| Mean Deviation | 2.15 | |||
| Semi Deviation | 2.5 | |||
| Downside Deviation | 6.2 | |||
| Coefficient Of Variation | 879.19 | |||
| Standard Deviation | 5.53 | |||
| Variance | 30.56 | |||
| Information Ratio | 0.0911 | |||
| Jensen Alpha | 0.6134 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0812 | |||
| Treynor Ratio | 13.25 | |||
| Maximum Drawdown | 35.64 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 4.4 | |||
| Downside Variance | 38.4 | |||
| Semi Variance | 6.27 | |||
| Expected Short fall | (5.36) | |||
| Skewness | 3.57 | |||
| Kurtosis | 20.72 |
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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
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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