Nova Europe Five Year Return vs. One Year Return
| 0P00011MNK | EUR 209.18 2.75 1.30% |
For Nova Europe profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nova Europe to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nova Europe ISR utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nova Europe's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nova Europe ISR over time as well as its relative position and ranking within its peers.
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Nova Europe ISR One Year Return vs. Five Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nova Europe's current stock value. Our valuation model uses many indicators to compare Nova Europe value to that of its competitors to determine the firm's financial worth. Nova Europe ISR is rated below average in five year return among similar funds. It also is rated below average in one year return among similar funds . Comparative valuation analysis is a catch-all model that can be used if you cannot value Nova Europe by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Nova Europe's Fund. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Nova One Year Return vs. Five Year Return
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
Nova Europe |
| = | 8.13 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Nova Europe |
| = | (5.00) % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Nova One Year Return Comparison
Nova Europe is fifth largest fund in one year return among similar funds.
Nova Europe Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nova Europe, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nova Europe will eventually generate negative long term returns. The profitability progress is the general direction of Nova Europe's change in net profit over the period of time. It can combine multiple indicators of Nova Europe, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Lobjectif de gestion du FCP NOVA EUROPE est, dans le cadre dune allocation dynamique dcide par la socit de gestion, de surperformer long terme lindicateur de rfrence MSCI EUROPE SMALL CAP sur la dure de placement recommande. Nova Europe is traded on Frankfurt Stock Exchange in Germany.
Nova Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nova Europe. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Nova Europe position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Nova Europe's important profitability drivers and their relationship over time.
| Five Year Return vs Three Year Return | ||
| Net Asset vs One Year Return | ||
| Five Year Return vs Minimum Initial Investment |
Use Nova Europe in pair-trading
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 Europe 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 Europe will appreciate offsetting losses from the drop in the long position's value.Nova Europe Pair Trading
Nova Europe ISR Pair Trading Analysis
The ability to find closely correlated positions to Nova Europe 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 Europe 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 Europe - 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 Europe ISR to buy it.
The correlation of Nova Europe 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 Europe moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nova Europe ISR 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 Europe 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.Use Investing Themes to Complement your Nova Europe position
In addition to having Nova Europe in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Banking Thematic Idea Now
Banking
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Banking theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Banking Theme or any other thematic opportunities.
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Other Information on Investing in Nova Fund
To fully project Nova Europe's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Nova Europe ISR at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Nova Europe's income statement, its balance sheet, and the statement of cash flows.
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