Nova Leap Health Stock Probability of Future Stock Price Finishing Under 0.32
| NLH Stock | CAD 0.25 0.02 7.41% |
Nova |
Nova Leap Target Price Odds to finish below 0.32
The tendency of Nova Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under C$ 0.32 after 90 days |
| 0.25 | 90 days | 0.32 | over 95.68 |
Based on a normal probability distribution, the odds of Nova Leap to stay under C$ 0.32 after 90 days from now is over 95.68 (This Nova Leap Health probability density function shows the probability of Nova Stock to fall within a particular range of prices over 90 days) . Probability of Nova Leap Health price to stay between its current price of C$ 0.25 and C$ 0.32 at the end of the 90-day period is about 71.11 .
Assuming the 90 days horizon Nova Leap Health has a beta of -0.16. This indicates as returns on the benchmark increase, returns on holding Nova Leap are expected to decrease at a much lower rate. During a bear market, however, Nova Leap Health is likely to outperform the market. Additionally Nova Leap Health has an alpha of 0.1189, implying that it can generate a 0.12 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Nova Leap Price Density |
| Price |
Predictive Modules for Nova Leap
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nova Leap Health. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Nova Leap Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nova Leap is not an exception. The market had few large corrections towards the Nova Leap's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nova Leap Health, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nova Leap within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.12 | |
β | Beta against Dow Jones | -0.16 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | 0.03 |
Nova Leap Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nova Leap for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nova Leap Health can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nova Leap Health has some characteristics of a very speculative penny stock | |
| Nova Leap Health had very high historical volatility over the last 90 days | |
| The company has C$3.97 Million in debt which may indicate that it relies heavily on debt financing | |
| Nova Leap Health has accumulated 3.97 M in total debt with debt to equity ratio (D/E) of 64.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Nova Leap Health has a current ratio of 0.57, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Nova Leap until it has trouble settling it off, either with new capital or with free cash flow. So, Nova Leap's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Nova Leap Health sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nova to invest in growth at high rates of return. When we think about Nova Leap's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 26.41 M. Net Loss for the year was (1.07 M) with profit before overhead, payroll, taxes, and interest of 9.98 M. | |
| About 41.0% of Nova Leap outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Nova Leap Health Corp. completed the acquisition of Assets of a home care services business with operations in Florida. - Marketscreener.com |
Nova Leap Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nova Stock often depends not only on the future outlook of the current and potential Nova Leap's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nova Leap's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 77.7 M | |
| Cash And Short Term Investments | 1.3 M |
Nova Leap Technical Analysis
Nova Leap's future price can be derived by breaking down and analyzing its technical indicators over time. Nova Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nova Leap Health. In general, you should focus on analyzing Nova Stock price patterns and their correlations with different microeconomic environments and drivers.
Nova Leap Predictive Forecast Models
Nova Leap's time-series forecasting models is one of many Nova Leap's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Nova Leap's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Nova Leap Health
Checking the ongoing alerts about Nova Leap for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nova Leap Health help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nova Leap Health has some characteristics of a very speculative penny stock | |
| Nova Leap Health had very high historical volatility over the last 90 days | |
| The company has C$3.97 Million in debt which may indicate that it relies heavily on debt financing | |
| Nova Leap Health has accumulated 3.97 M in total debt with debt to equity ratio (D/E) of 64.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Nova Leap Health has a current ratio of 0.57, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Nova Leap until it has trouble settling it off, either with new capital or with free cash flow. So, Nova Leap's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Nova Leap Health sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nova to invest in growth at high rates of return. When we think about Nova Leap's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 26.41 M. Net Loss for the year was (1.07 M) with profit before overhead, payroll, taxes, and interest of 9.98 M. | |
| About 41.0% of Nova Leap outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Nova Leap Health Corp. completed the acquisition of Assets of a home care services business with operations in Florida. - Marketscreener.com |
Additional Tools for Nova Stock Analysis
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.