NOVAREX CoLtd (Korea) Performance

194700 Stock  KRW 7,380  90.00  1.23%   
The company secures a Beta (Market Risk) of 0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NOVAREX CoLtd's returns are expected to increase less than the market. However, during the bear market, the loss of holding NOVAREX CoLtd is expected to be smaller as well. At this point, NOVAREX CoLtd has a negative expected return of -0.38%. Please make sure to verify NOVAREX CoLtd's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if NOVAREX CoLtd performance from the past will be repeated at some future point.

Risk-Adjusted Performance

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Over the last 90 days NOVAREX CoLtd has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in January 2025. The current disturbance may also be a sign of long term up-swing for the company investors. ...more
Total Cashflows From Investing Activities-34.1 B
  

NOVAREX CoLtd Relative Risk vs. Return Landscape

If you would invest  966,000  in NOVAREX CoLtd on September 15, 2024 and sell it today you would lose (228,000) from holding NOVAREX CoLtd or give up 23.6% of portfolio value over 90 days. NOVAREX CoLtd is generating negative expected returns and assumes 3.5349% volatility on return distribution over the 90 days horizon. Simply put, 31% of stocks are less volatile than NOVAREX, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
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Assuming the 90 days trading horizon NOVAREX CoLtd is expected to under-perform the market. In addition to that, the company is 4.84 times more volatile than its market benchmark. It trades about -0.11 of its total potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.11 per unit of volatility.

NOVAREX CoLtd Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for NOVAREX CoLtd's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NOVAREX CoLtd, and traders can use it to determine the average amount a NOVAREX CoLtd's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.108

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Estimated Market Risk

 3.53
  actual daily
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69% of assets are more volatile

Expected Return

 -0.38
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Most of other assets have higher returns

Risk-Adjusted Return

 -0.11
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Most of other assets perform better
Based on monthly moving average NOVAREX CoLtd is not performing at its full potential. However, 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 NOVAREX CoLtd by adding NOVAREX CoLtd to a well-diversified portfolio.

NOVAREX CoLtd Fundamentals Growth

NOVAREX Stock prices reflect investors' perceptions of the future prospects and financial health of NOVAREX CoLtd, and NOVAREX CoLtd fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on NOVAREX Stock performance.

About NOVAREX CoLtd Performance

By analyzing NOVAREX CoLtd's fundamental ratios, stakeholders can gain valuable insights into NOVAREX CoLtd's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NOVAREX CoLtd has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if NOVAREX CoLtd has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
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.

Things to note about NOVAREX CoLtd performance evaluation

Checking the ongoing alerts about NOVAREX CoLtd for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NOVAREX CoLtd help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
NOVAREX CoLtd generated a negative expected return over the last 90 days
NOVAREX CoLtd has high historical volatility and very poor performance
About 39.0% of the company shares are owned by insiders or employees
Evaluating NOVAREX CoLtd's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate NOVAREX CoLtd's stock performance include:
  • Analyzing NOVAREX CoLtd's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether NOVAREX CoLtd's stock is overvalued or undervalued compared to its peers.
  • Examining NOVAREX CoLtd's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating NOVAREX CoLtd's management team can have a significant impact on its success or failure. Reviewing the track record and experience of NOVAREX CoLtd's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of NOVAREX CoLtd's stock. These opinions can provide insight into NOVAREX CoLtd's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating NOVAREX CoLtd's stock performance is not an exact science, and many factors can impact NOVAREX CoLtd's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.

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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