Nova Mentis Life Stock Price on November 15, 2023
| NMLSF Stock | USD 0.02 0.01 31.68% |
If you're considering investing in Nova Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Nova Mentis stands at 0.02, as last reported on the 27th of December, with the highest price reaching 0.02 and the lowest price hitting 0.02 during the day. Nova Mentis is out of control given 3 months investment horizon. Nova Mentis Life has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We are able to interpolate and collect twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.88% are justified by taking the suggested risk. Use Nova Mentis Life Risk Adjusted Performance of 0.1029, downside deviation of 26.9, and Mean Deviation of 14.88 to evaluate company specific risk that cannot be diversified away.
Nova Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Nova |
Sharpe Ratio = 0.1126
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Estimated Market Risk
| 25.54 actual daily | 96 96% of assets are less volatile |
Expected Return
| 2.88 actual daily | 57 57% of assets have lower returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Nova Mentis is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nova Mentis by adding it to a well-diversified portfolio.
Nova Mentis Valuation on November 15, 2023
It is possible to determine the worth of Nova Mentis on a given historical date. On November 15, 2023 Nova was worth 0.0965 at the beginning of the trading date compared to the closed value of 0.0965. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nova Mentis pink sheet. Still, in general, we apply an absolute valuation method to find Nova Mentis' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nova Mentis where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nova Mentis' related companies.
| Open | High | Low | Close | Volume | |
| 0.1 | 0.10 | 0.1 | 0.1 | 960.00 | |
11/15/2023 | 0.1 | 0.1 | 0.1 | 0.1 | 2,000 |
| 0.1 | 0.1 | 0.1 | 0.1 | 400.00 |
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Nova Mentis Trading Date Momentum on November 15, 2023
| On November 16 2023 Nova Mentis Life was traded for 0.1 at the closing time. The highest daily price throughout the period was 0.1 and the lowest price was 0.1 . The daily volume was 400. The net trading volume on 11/16/2023 did not cause price change. The trading delta at closing time to current closing price is 7.77% . |
Nova Mentis Life Fundamentals Correlations and Trends
By evaluating Nova Mentis' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nova Mentis' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nova financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nova Mentis Pink Sheet history
Nova Mentis investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Nova is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nova Mentis Life will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Nova Mentis stock prices may prove useful in developing a viable investing in Nova Mentis
Nova Mentis Life Science Corp., through its subsidiaries, engages in developing diagnostics and psilocybin based therapeutics for neuroinflammatory conditions with a focus on autism spectrum disorder and fragile X syndrome in Canada. Nova Mentis Life Science Corp. was incorporated in 2004 and is headquartered in Vancouver, Canada. Nova Mentis is traded on OTC Exchange in the United States.
Nova Mentis Pink Sheet Technical Analysis
Nova Mentis technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Price Boundaries
Nova Mentis Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
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Nova Mentis December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Nova Mentis pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nova Mentis shares will generate the highest return on investment. By undertsting and applying Nova Mentis pink sheet market strength indicators, traders can identify Nova Mentis Life entry and exit signals to maximize returns
Nova Mentis Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nova Mentis' price direction in advance. Along with the technical and fundamental analysis of Nova Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nova to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1029 | |||
| Jensen Alpha | 2.95 | |||
| Total Risk Alpha | 1.55 | |||
| Sortino Ratio | 0.1063 | |||
| Treynor Ratio | (2.96) |
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| Volume Indicators |
Complementary Tools for Nova Pink Sheet analysis
When running Nova Mentis' price analysis, check to measure Nova Mentis' 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 Mentis is operating at the current time. Most of Nova Mentis' value examination focuses on studying past and present price action to predict the probability of Nova Mentis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Mentis' price. Additionally, you may evaluate how the addition of Nova Mentis to your portfolios can decrease your overall portfolio volatility.
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