Nova Minerals Limited Stock Alpha and Beta Analysis
| NVA Stock | 11.19 0.50 4.28% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Nova Minerals Limited. It also helps investors analyze the systematic and unsystematic risks associated with investing in Nova Minerals over a specified time horizon. Remember, high Nova Minerals' 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 Minerals' market risk premium analysis include:
Beta (1.20) | Alpha 1.34 | Risk 6.6 | Sharpe Ratio 0.17 | Expected Return 1.13 |
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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 Minerals Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Nova Minerals market risk premium is the additional return an investor will receive from holding Nova Minerals 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 Minerals. 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 Minerals' performance over market.| α | 1.34 | β | -1.2 |
Nova Minerals expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Nova Minerals' Buy-and-hold return. Our buy-and-hold chart shows how Nova Minerals performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Nova Minerals Market Price Analysis
Market price analysis indicators help investors to evaluate how Nova Minerals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nova Minerals shares will generate the highest return on investment. By understating and applying Nova Minerals stock market price indicators, traders can identify Nova Minerals position entry and exit signals to maximize returns.
Nova Minerals Return and Market Media
The median price of Nova Minerals for the period between Sat, Sep 14, 2024 and Fri, Dec 13, 2024 is 7.8 with a coefficient of variation of 21.35. The daily time series for the period is distributed with a sample standard deviation of 1.69, arithmetic mean of 7.93, and mean deviation of 1.4. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Join Nova Minerals Exclusive Live Investor Webinar and QA Session on October 7 | 09/27/2024 |
2 | Nova Minerals Slides As Insider Purchases Lose Another AU293k | 10/01/2024 |
3 | Alliance Entertainment and Nova Minerals Interviews to Air on the RedChip Small Stocks, Big Money Show on Bloomberg TV | 10/04/2024 |
4 | Nova Minerals Confirms High-Grade Gold at RPM North through Shallow Drilling Program, Shares Jump 15 | 10/09/2024 |
5 | Nova Minerals to Highlight Estelle Project Advancements at 2024 ThinkEquity Conference | 10/21/2024 |
6 | Nova Drills 29m 7.1 gt Au from Surface at RPM in Advance of Resource Update | 10/23/2024 |
7 | Quarterly Activities and Cashflow Report 30 September 2024 | 10/30/2024 |
8 | Nova Minerals 2024 Sampling Finds up to 54.1 percent Antimony at the Styx Prospect on its Estelle Gold and Critical Minerals Project in Alaska | 11/20/2024 |
9 | Nova Minerals 2024 Sampling Extends the Gold Anomaly at its Muddy Creek Prospect by 400m with up to 128.5 gt Au on its Estelle Gold and Critical Minerals Projec... | 11/27/2024 |
10 | Nova Minerals Finds Gold up to 141 gt Au from Rock Samples at the Stibium Antimony-Gold Prospect on its Estelle Gold and Critical Minerals Project, in Alaska | 12/11/2024 |
About Nova Minerals 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 Minerals Limited 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.
| 2023 | 2024 (projected) | Dividend Yield | 0.008249 | 0.0118 | Price To Sales Ratio | 1.89 | 3.45 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nova Minerals in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nova Minerals' short interest history, or implied volatility extrapolated from Nova Minerals options trading.
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Align your risk with return expectations
Check out Nova Minerals Backtesting, Nova Minerals Valuation, Nova Minerals Correlation, Nova Minerals Hype Analysis, Nova Minerals Volatility, Nova Minerals History and analyze Nova Minerals Performance. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Nova Minerals technical 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, stock market cycles, or different charting patterns.