NOVAREX CoLtd Financials
| 194700 Stock | KRW 7,380 90.00 1.23% |
NOVAREX |
Understanding current and past NOVAREX CoLtd Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of NOVAREX CoLtd's financial statements are interrelated, with each one affecting the others. For example, an increase in NOVAREX CoLtd's assets may result in an increase in income on the income statement.
Please note, the presentation of NOVAREX CoLtd's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, NOVAREX CoLtd's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of NOVAREX CoLtd's management manipulating its earnings.
NOVAREX CoLtd Stock Summary
NOVAREX CoLtd competes with HMCIB SPAC, Busan Industrial, UNISEM, Finebesteel, and Shinhan Inverse. NOVAREX Co., Ltd. develops and produces health functional foods and raw materials in South Korea and internationally. NOVAREX Co., Ltd. was founded in 2008 and is headquartered in Cheongju, South Korea. NOVAREX is traded on Korean Securities Dealers Automated Quotations in South Korea.| Instrument | Korea Stock View All |
| Exchange | KOSDAQ |
| ISIN | KR7194700001 |
| Business Address | 94 Gak-ri 1-gil, |
| Industry | Personal Products |
| Benchmark | Dow Jones Industrial |
| Website | www.novarex.co.kr |
| Phone | 82 4 3218 0510 |
| Currency | KRW - South Korean Won |
You should never invest in NOVAREX CoLtd without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of NOVAREX Stock, because this is throwing your money away. Analyzing the key information contained in NOVAREX CoLtd's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
NOVAREX CoLtd Key Financial Ratios
NOVAREX CoLtd's financial ratios allow both analysts and investors to convert raw data from NOVAREX CoLtd's financial statements into concise, actionable information that can be used to evaluate the performance of NOVAREX CoLtd over time and compare it to other companies across industries.| Return On Equity | 16.33 | |||
| Return On Asset | 0.0927 | |||
| Target Price | 23000.0 | |||
| Number Of Employees | 323 | |||
| Beta | 0.7 |
NOVAREX Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining NOVAREX CoLtd's current stock value. Our valuation model uses many indicators to compare NOVAREX CoLtd value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across NOVAREX CoLtd competition to find correlations between indicators driving NOVAREX CoLtd's intrinsic value. More Info.NOVAREX CoLtd is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers reporting about 0.01 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for NOVAREX CoLtd is roughly 176.17 . Comparative valuation analysis is a catch-all model that can be used if you cannot value NOVAREX CoLtd by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for NOVAREX CoLtd's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.NOVAREX CoLtd Systematic Risk
NOVAREX CoLtd's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. NOVAREX CoLtd volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on NOVAREX CoLtd correlated with the market. If Beta is less than 0 NOVAREX CoLtd generally moves in the opposite direction as compared to the market. If NOVAREX CoLtd Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one NOVAREX CoLtd is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of NOVAREX CoLtd is generally in the same direction as the market. If Beta > 1 NOVAREX CoLtd moves generally in the same direction as, but more than the movement of the benchmark.
NOVAREX CoLtd December 15, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of NOVAREX CoLtd help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of NOVAREX CoLtd. We use our internally-developed statistical techniques to arrive at the intrinsic value of NOVAREX CoLtd based on widely used predictive technical indicators. In general, we focus on analyzing NOVAREX Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build NOVAREX CoLtd's daily price indicators and compare them against related drivers.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 25.57 | |||
| Value At Risk | (4.12) | |||
| Potential Upside | 4.44 |
Complementary Tools for NOVAREX Stock analysis
When running NOVAREX CoLtd's price analysis, check to measure NOVAREX CoLtd'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 NOVAREX CoLtd is operating at the current time. Most of NOVAREX CoLtd's value examination focuses on studying past and present price action to predict the probability of NOVAREX CoLtd's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOVAREX CoLtd's price. Additionally, you may evaluate how the addition of NOVAREX CoLtd to your portfolios can decrease your overall portfolio volatility.
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