Nova Minerals Limited Stock Performance
| NVA Stock | 11.69 0.39 3.45% |
Nova Minerals holds a performance score of 13 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -1.18, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Nova Minerals are expected to decrease by larger amounts. On the other hand, during market turmoil, Nova Minerals is expected to outperform it. Use Nova Minerals Limited skewness, and the relationship between the potential upside and rate of daily change , to analyze future returns on Nova Minerals Limited.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Nova Minerals Limited are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, Nova Minerals sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return 5.51 | Five Day Return 17.1 | Year To Date Return 113 M | Ten Year Return (29.37) | All Time Return (73.10) |
1 | Nova Minerals Limited Announces Closing of Public Offering | 09/25/2024 |
2 | Nova Minerals Unveils 2024 Sustainability Report Showcasing Eco-Friendly Initiatives | 09/30/2024 |
3 | Alliance Entertainment and Nova Minerals Interviews to Air on the RedChip Small Stocks, Big Money Show on Bloomberg TV | 10/04/2024 |
4 | Nova Minerals Announces 41m 4.6 gt Au from Surface at the RPM deposit on its Estelle Gold-Antimony Project, in Alaska | 10/09/2024 |
5 | Nova Minerals Drills m 5.4 gt Au from Surface at the RPM Deposit on its Estelle Gold-Antimony Project, in Alaska | 10/16/2024 |
6 | Nova Drills 29m 7.1 gt Au from Surface at RPM in Advance of Resource Update | 10/23/2024 |
7 | Nova Minerals Outlines Expansion of Estelle Gold and Antimony Project in Alaska | 10/29/2024 |
8 | Nova Minerals 2024 Sampling Finds up to 54.1 percent Antimony at the Styx Prospect on its Estelle Gold and Critical Minerals Project in Alaska | 11/20/2024 |
9 | Nova Minerals 2024 Sampling Extends the Gold Anomaly at its Muddy Creek Prospect by 400m with ... | 11/27/2024 |
10 | Nova Minerals Finds Antimony up to 56.7 percent from Latest Rock Samples at the Stibium prospect on ... | 12/05/2024 |
11 | Nova Minerals Finds Gold up to 141 gt Au from Rock Samples at the Stibium Antimony-Gold Prospect on its Estelle Gold and Critical Minerals Project, in Alaska | 12/11/2024 |
Nova |
Nova Minerals Relative Risk vs. Return Landscape
If you would invest 628.00 in Nova Minerals Limited on September 13, 2024 and sell it today you would earn a total of 518.00 from holding Nova Minerals Limited or generate 82.48% return on investment over 90 days. Nova Minerals Limited is generating 1.1575% of daily returns assuming volatility of 6.5972% on return distribution over 90 days investment horizon. In other words, 58% of stocks are less volatile than Nova, and above 77% 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 = 0.1755
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 6.6 actual daily | 58 58% of assets are less volatile |
Expected Return
| 1.16 actual daily | 23 77% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average Nova Minerals is performing at about 13% of its full potential. 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 it to a well-diversified portfolio.
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 | 16.48 | 25.94 | |
| Return On Tangible Assets | 0.12 | 0.13 | |
| Return On Capital Employed | 0.18 | 0.19 | |
| Return On Assets | 0.12 | 0.13 | |
| Return On Equity | 0.17 | 0.18 |
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 is way too risky over 90 days horizon | |
| Nova Minerals appears to be risky and price may revert if volatility continues | |
| Nova Minerals is unlikely to experience financial distress in the next 2 years | |
| Nova Minerals has a frail financial position based on the latest SEC disclosures | |
| Latest headline from finance.yahoo.com: Nova Minerals Finds Gold up to 141 gt Au from Rock Samples at the Stibium Antimony-Gold Prospect on its Estelle Gold and Critical Minerals Project, in Alaska |
- 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.
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