We recommend to make use of Nova Leap Health fundamental analysis to find out if markets are presently mispricing the entity. Strictly speaking this technique allows you to check out available financial ratios of Nova Leap Health as well as the relationship between them. We were able to interpolate thirty-one available fundamentals for Nova Leap, which can be compared to its peers in the industry. The stock experiences an unexpected downward movement. The market is reacting to new fundamentals. Check odds of Nova Leap to be traded at C$0.24 in 90 days. Key indicators impacting Nova Leap's financial strength include:
Understanding current and past Nova Leap Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Nova Leap's financial statements are interrelated, with each one affecting the others. For example, an increase in Nova Leap's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Nova Leap's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Nova Leap Health. Check Nova Leap's Beneish M Score to see the likelihood of Nova Leap's management manipulating its earnings.
Nova Leap Stock Summary
Nova Leap competes with Reliq Health, NeuPath Health, and Bewhere Holdings. Nova Leap Health Corp. provides personal home care and support services in the United States and Canada. The company serves clients in the states of Rhode Island, New Hampshire, Vermont, and Massachusetts. NOVA LEAP operates under Long-Term Care Facilities classification in Canada and is traded on TSX Venture Exchange.
You should never invest in Nova Leap without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Nova Stock, because this is throwing your money away. Analyzing the key information contained in Nova Leap's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Nova Leap Key Financial Ratios
There are many critical financial ratios that Nova Leap's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Nova Leap Health reports annually and quarterly.
Comparative valuation techniques use various fundamental indicators to help in determining Nova Leap's current stock value. Our valuation model uses many indicators to compare Nova Leap value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nova Leap competition to find correlations between indicators driving Nova Leap's intrinsic value. More Info.
Nova Leap Health is regarded fourth in return on equity category among its peers. It is considered to be number one stock in return on asset category among its peers . At this time, Nova Leap's Return On Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nova Leap's earnings, one of the primary drivers of an investment's value.
Nova Leap Health Systematic Risk
Nova Leap's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Nova Leap 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 Nova Leap Health correlated with the market. If Beta is less than 0 Nova Leap generally moves in the opposite direction as compared to the market. If Nova Leap Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Nova Leap Health is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Nova Leap is generally in the same direction as the market. If Beta > 1 Nova Leap moves generally in the same direction as, but more than the movement of the benchmark.
Nova Leap Health Total Assets Over Time
Nova Leap Thematic Clasifications
Nova Leap Health is part of Health Management investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Healthcare providers, hospitals. Major hospitals and healthcare providers
This theme covers Healthcare providers, hospitals. Major hospitals and healthcare providers. Get More Thematic Ideas
Today, most investors in Nova Leap Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Nova Leap's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Nova Leap growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Nova Leap help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Nova Leap Health. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nova Leap Health based on widely used predictive technical indicators. In general, we focus on analyzing Nova Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Nova Leap's daily price indicators and compare them against related drivers.
When running Nova Leap's price analysis, check to measure Nova Leap'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 Leap is operating at the current time. Most of Nova Leap's value examination focuses on studying past and present price action to predict the probability of Nova Leap'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 Leap's price. Additionally, you may evaluate how the addition of Nova Leap to your portfolios can decrease your overall portfolio volatility.