Nova Vision Acquisition Performance
| NOVVRDelisted Stock | USD 0.23 0.00 0.00% |
The company secures a Beta (Market Risk) of -4.86, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nova Vision are expected to decrease by larger amounts. On the other hand, during market turmoil, Nova Vision is expected to outperform it. Nova Vision Acquisition right now secures a risk of 0.0%. Please verify Nova Vision Acquisition sortino ratio, semi variance, as well as the relationship between the Semi Variance and day typical price , to decide if Nova Vision Acquisition will be following its current price movements.
Risk-Adjusted Performance
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Over the last 90 days Nova Vision Acquisition has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable basic indicators, Nova Vision is not utilizing all of its potentials. The latest stock price agitation, may contribute to short-term losses for the retail investors. ...more
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Nova Vision Relative Risk vs. Return Landscape
If you would invest 23.00 in Nova Vision Acquisition on October 26, 2024 and sell it today you would earn a total of 0.00 from holding Nova Vision Acquisition or generate 0.0% return on investment over 90 days. Nova Vision Acquisition is currently producing negative expected returns and takes up 0.0% volatility of returns over 90 trading days. Put another way, 0% of traded stocks are less volatile than Nova, 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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Nova Vision Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nova Vision's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Nova Vision Acquisition, and traders can use it to determine the average amount a Nova Vision'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 = 0.0
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Based on monthly moving average Nova Vision 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 Vision by adding Nova Vision to a well-diversified portfolio.
Nova Vision Fundamentals Growth
Nova Stock prices reflect investors' perceptions of the future prospects and financial health of Nova Vision, and Nova Vision 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 Asset | -0.0275 | |||
| Book Value Per Share | (1.16) X | |||
About Nova Vision Performance
Assessing Nova Vision's fundamental ratios provides investors with valuable insights into Nova Vision's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Nova Vision is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Things to note about Nova Vision Acquisition performance evaluation
Checking the ongoing alerts about Nova Vision for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Nova Vision Acquisition help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Nova Vision is not yet fully synchronised with the market data | |
| Nova Vision has some characteristics of a very speculative penny stock | |
| Nova Vision has a very high chance of going through financial distress in the upcoming years |
- Analyzing Nova Vision'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 Nova Vision's stock is overvalued or undervalued compared to its peers.
- Examining Nova Vision'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 Nova Vision's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nova Vision's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Nova Vision's stock. These opinions can provide insight into Nova Vision's 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 real. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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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