Nova Vision Acquisition Stock Net Income
| NOVVRDelisted Stock | USD 0.23 0.00 0.00% |
Nova Vision Acquisition fundamentals help investors to digest information that contributes to Nova Vision's financial success or failures. It also enables traders to predict the movement of Nova Stock. The fundamental analysis module provides a way to measure Nova Vision's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Nova Vision stock.
Nova |
Nova Vision Acquisition Company Net Income Analysis
Nova Vision's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
CompetitionBased on the recorded statements, Nova Vision Acquisition reported net income of 0.0. This indicator is about the same for the Financial Services average (which is currently at 0.0) sector and about the same as Financials (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).
Nova Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nova Vision's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Nova Vision could also be used in its relative valuation, which is a method of valuing Nova Vision by comparing valuation metrics of similar companies.Nova Vision is currently under evaluation in net income category among its peers.
Nova Fundamentals
| Return On Asset | -0.0275 | |||
| Number Of Shares Shorted | 7.69 K | |||
| Book Value Per Share | (1.16) X | |||
| Beta | 0.28 |
About Nova Vision Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nova Vision Acquisition's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nova Vision using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nova Vision Acquisition based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Nova Vision
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nova Vision position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nova Vision will appreciate offsetting losses from the drop in the long position's value.Moving against Nova Stock
| 0.44 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.38 | NFPDF | Nissin Foods Holdings | PairCorr |
| 0.38 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.34 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
The ability to find closely correlated positions to Nova Vision could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nova Vision when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nova Vision - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nova Vision Acquisition to buy it.
The correlation of Nova Vision is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nova Vision moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nova Vision Acquisition moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nova Vision can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 real. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Other Consideration for investing in Nova Stock
If you are still planning to invest in Nova Vision Acquisition 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 Nova Vision's history and understand the potential risks before investing.
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