Novo Resources Corp Performance
| NVOOFDelisted Stock | USD 0.01 0.00 0.00% |
The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Novo Resources are completely uncorrelated. Novo Resources Corp right now secures a risk of 0.0%. Please verify Novo Resources Corp rate of daily change , to decide if Novo Resources Corp will be following its current price movements.
Risk-Adjusted Performance
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Over the last 90 days Novo Resources Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Novo Resources is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
| Begin Period Cash Flow | 40.5 M |
Novo |
Novo Resources Relative Risk vs. Return Landscape
If you would invest 1.34 in Novo Resources Corp on September 14, 2024 and sell it today you would earn a total of 0.00 from holding Novo Resources Corp or generate 0.0% return on investment over 90 days. Novo Resources Corp is currently producing negative expected returns and takes up 0.0% volatility of returns over 90 trading days. Put another way, 0% of traded pink sheets are less volatile than Novo, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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Novo Resources Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Novo Resources' investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Novo Resources Corp, and traders can use it to determine the average amount a Novo Resources' 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 = 0.0
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Based on monthly moving average Novo Resources 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 Novo Resources by adding Novo Resources to a well-diversified portfolio.
Novo Resources Fundamentals Growth
Novo Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Novo Resources, and Novo Resources 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 Novo Pink Sheet performance.
| Return On Equity | -0.49 | |||
| Return On Asset | -0.11 | |||
| Profit Margin | (1.28) % | |||
| Operating Margin | (0.61) % | |||
| Price To Earning | 2.30 X | |||
| Revenue | 112.24 M | |||
| EBITDA | 43.34 M | |||
| Cash And Equivalents | 21.94 M | |||
| Cash Per Share | 0.09 X | |||
| Total Debt | 37.38 M | |||
| Debt To Equity | 0.25 % | |||
| Book Value Per Share | 0.78 X | |||
| Cash Flow From Operations | (19.66 M) | |||
| Earnings Per Share | (0.05) X | |||
| Total Asset | 462.68 M | |||
About Novo Resources Performance
By analyzing Novo Resources' fundamental ratios, stakeholders can gain valuable insights into Novo Resources' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Novo Resources 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 Novo Resources has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, exploring, and developing natural resource properties in Canada, Australia, and the United States. Novo Resources Corp. was incorporated in 2009 and is headquartered in Vancouver, Canada. Novo Resources operates under Gold classification in the United States and is traded on OTC Exchange. It employs 111 people.Things to note about Novo Resources Corp performance evaluation
Checking the ongoing alerts about Novo Resources for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Novo Resources Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Novo Resources Corp is not yet fully synchronised with the market data | |
| Novo Resources Corp has some characteristics of a very speculative penny stock | |
| Novo Resources Corp has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 112.24 M. Net Loss for the year was (704 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Novo Resources Corp has accumulated about 21.94 M in cash with (19.66 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.09, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
- Analyzing Novo Resources' 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 Novo Resources' stock is overvalued or undervalued compared to its peers.
- Examining Novo Resources' 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 Novo Resources' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Novo Resources' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Novo Resources' pink sheet. These opinions can provide insight into Novo Resources' potential for growth and whether the stock is currently undervalued or overvalued.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Other Consideration for investing in Novo Pink Sheet
If you are still planning to invest in Novo Resources Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Novo Resources' history and understand the potential risks before investing.
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