Nova Minerals Limited Stock Performance
| NVA Stock | 9.21 0.87 8.63% |
The company secures a Beta (Market Risk) of 1.91, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nova Minerals will likely underperform. Nova Minerals Limited right now secures a risk of 6.45%. Please verify Nova Minerals Limited potential upside, as well as the relationship between the skewness and day median price , to decide if Nova Minerals Limited will be following its current price movements.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Nova Minerals Limited has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Nova Minerals is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
Actual Historical Performance (%)
One Day Return (10.95) | Five Day Return (14.72) | Year To Date Return (31.43) | Ten Year Return (38.91) | All Time Return (76.00) |
1 | Nova Minerals Finds Antimony up to 56.7 percent from Latest Rock Samples at the Stibium prospect on ... | 12/05/2024 |
2 | High-Grade Gold Discovery Highlights Nova Minerals Stibium Prospect Potential | 12/11/2024 |
3 | Long Term Trading Analysis for - Stock Traders Daily | 12/20/2024 |
4 | Nova Minerals Shares Are Up Today Whats Going On | 01/02/2025 |
5 | Nova Minerals Eliminates Debt, Focuses on Gold and Antimony | 01/08/2025 |
6 | Nova Minerals Pushes Forward with Gold-Antimony Drilling at Estelles Stibium Prospect | 01/13/2025 |
7 | Nova Minerals Quarterly Activities and Cashflow Report -- 31 December 2024 | 01/17/2025 |
8 | GreenPower Motor and Nova Minerals Interviews to Air on the RedChip Small Stocks, Big Money Show on Bloomberg TV | 01/24/2025 |
9 | Nova Minerals Provides an Invitation to an Investor Webinar | 02/13/2025 |
| Begin Period Cash Flow | 19.2 M |
Nova |
Nova Minerals Relative Risk vs. Return Landscape
If you would invest 999.00 in Nova Minerals Limited on December 4, 2024 and sell it today you would lose (78.00) from holding Nova Minerals Limited or give up 7.81% of portfolio value over 90 days. Nova Minerals Limited is generating 0.0657% of daily returns assuming volatility of 6.4541% on return distribution over 90 days investment horizon. In other words, 57% of stocks are less volatile than Nova, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Nova Minerals Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nova Minerals' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Nova Minerals Limited, and traders can use it to determine the average amount a Nova Minerals' 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 = 0.0102
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | NVA | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 6.45 actual daily | 57 57% of assets are less volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nova Minerals 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 Nova Minerals by adding Nova Minerals to a well-diversified portfolio.
Nova Minerals Fundamentals Growth
Nova Stock prices reflect investors' perceptions of the future prospects and financial health of Nova Minerals, and Nova Minerals 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 Nova Stock performance.
| Return On Equity | -0.15 | ||||
| Return On Asset | -0.076 | ||||
| Current Valuation | 58 M | ||||
| Shares Outstanding | 4.58 M | ||||
| Price To Book | 0.93 X | ||||
| Revenue | 1.26 B | ||||
| EBITDA | 767.13 M | ||||
| Net Income | 367.68 M | ||||
| Total Debt | 305.05 M | ||||
| Book Value Per Share | 0.42 X | ||||
| Cash Flow From Operations | 721.34 M | ||||
| Earnings Per Share | (3.02) X | ||||
| Market Capitalization | 55.53 M | ||||
| Total Asset | 3.06 B | ||||
| Retained Earnings | 952.03 M | ||||
| Working Capital | 268.67 K | ||||
About Nova Minerals Performance
By analyzing Nova Minerals' fundamental ratios, stakeholders can gain valuable insights into Nova Minerals' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Nova Minerals 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 Nova Minerals has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 14.83 | 25.94 | |
| Return On Tangible Assets | 0.12 | 0.11 | |
| Return On Capital Employed | 0.21 | 0.22 | |
| Return On Assets | 0.12 | 0.11 | |
| Return On Equity | 0.17 | 0.16 |
Things to note about Nova Minerals Limited performance evaluation
Checking the ongoing alerts about Nova Minerals for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Nova Minerals Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Nova Minerals had very high historical volatility over the last 90 days | |
| Nova Minerals has high likelihood to experience some financial distress in the next 2 years | |
| Nova Minerals has a poor financial position based on the latest SEC disclosures | |
| Latest headline from gurufocus.com: Nova Minerals Provides an Invitation to an Investor Webinar |
- Analyzing Nova Minerals' 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 Nova Minerals' stock is overvalued or undervalued compared to its peers.
- Examining Nova Minerals' 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 Nova Minerals' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nova Minerals' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Nova Minerals' stock. These opinions can provide insight into Nova Minerals' potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Nova Stock analysis
When running Nova Minerals' price analysis, check to measure Nova Minerals' 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 Minerals is operating at the current time. Most of Nova Minerals' value examination focuses on studying past and present price action to predict the probability of Nova Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Minerals' price. Additionally, you may evaluate how the addition of Nova Minerals to your portfolios can decrease your overall portfolio volatility.
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |