NOVA VISION Current Ratio vs. Price To Book
Considering NOVA VISION's profitability and operating efficiency indicators, NOVA VISION ACQUISITION may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in April. Profitability indicators assess NOVA VISION's ability to earn profits and add value for shareholders.
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.
For NOVA VISION profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NOVA VISION to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NOVA VISION ACQUISITION utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NOVA VISION's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NOVA VISION ACQUISITION over time as well as its relative position and ranking within its peers.
NOVA |
Is Trading space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NOVA VISION. If investors know NOVA will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NOVA VISION listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of NOVA VISION ACQUISITION is measured differently than its book value, which is the value of NOVA that is recorded on the company's balance sheet. Investors also form their own opinion of NOVA VISION's value that differs from its market value or its book value, called intrinsic value, which is NOVA VISION's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NOVA VISION's market value can be influenced by many factors that don't directly affect NOVA VISION's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NOVA VISION's value and its price as these two are different measures arrived at by different means. Investors typically determine if NOVA VISION is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NOVA VISION's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
NOVA VISION ACQUISITION Price To Book vs. Current Ratio Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining NOVA VISION's current stock value. Our valuation model uses many indicators to compare NOVA VISION value to that of its competitors to determine the firm's financial worth. NOVA VISION ACQUISITION is regarded second in current ratio category among its peers. It is regarded fourth in price to book category among its peers fabricating about 0.21 of Price To Book per Current Ratio. The ratio of Current Ratio to Price To Book for NOVA VISION ACQUISITION is roughly 4.74 . Comparative valuation analysis is a catch-all technique that is used if you cannot value NOVA VISION by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.NOVA Price To Book vs. Current Ratio
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
NOVA VISION |
| = | 23.32 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
NOVA VISION |
| = | 4.92 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
NOVA Price To Book Comparison
NOVA VISION is currently under evaluation in price to book category among its peers.
NOVA VISION Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in NOVA VISION, profitability is also one of the essential criteria for including it into their portfolios because, without profit, NOVA VISION will eventually generate negative long term returns. The profitability progress is the general direction of NOVA VISION's change in net profit over the period of time. It can combine multiple indicators of NOVA VISION, 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.
Nova Vision Acquisition Corporation does not have significant operations. Nova Vision Acquisition Corporation was incorporated in 2021 and is based in Singapore, Singapore. Nova Vision is traded on NASDAQ Exchange in the United States.
NOVA Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on NOVA VISION. 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 VISION 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 VISION's important profitability drivers and their relationship over time.
Use NOVA VISION 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 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.NOVA VISION Pair Trading
NOVA VISION ACQUISITION Pair Trading Analysis
The ability to find closely correlated positions to Nordstrom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nordstrom 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 Nordstrom - 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 Nordstrom to buy it.
The correlation of Nordstrom 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 Nordstrom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nordstrom 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 Nordstrom 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 VISION position
In addition to having NOVA VISION 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 Gold and Gold Mining Thematic Idea Now
Gold and Gold Mining
Large and mid-size companies, ETFs and funds that are either investing, exploring or producing, gold or indirectly involved in trading or making gold products. The Gold and Gold Mining theme has 73 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 Gold and Gold Mining Theme or any other thematic opportunities.
| View All Next | Launch |
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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Other Tools for NOVA Stock
When running NOVA VISION's price analysis, check to measure NOVA VISION's 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 VISION is operating at the current time. Most of NOVA VISION's value examination focuses on studying past and present price action to predict the probability of NOVA VISION's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOVA VISION's price. Additionally, you may evaluate how the addition of NOVA VISION to your portfolios can decrease your overall portfolio volatility.
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |