Nova Vision Debt To Equity vs. EBITDA

NOVV Stock  USD 37.00  0.00  0.00%   
Considering Nova Vision's profitability and operating efficiency indicators, Nova Vision Acquisition is yielding more profit at this time then in previous quarter. It has a moderate probability of reporting better profitability numbers in January. Profitability indicators assess Nova Vision's ability to earn profits and add value for shareholders.
 
Debt To Equity  
First Reported
2010-12-31
Previous Quarter
0.13442845
Current Value
0.0686
Quarterly Volatility
0.02582814
 
Credit Downgrade
 
Yuan Drop
 
Covid
At this time, Nova Vision's Price To Sales Ratio is fairly stable compared to the past year. EV To Sales is likely to climb to 88.57 in 2024, whereas Operating Cash Flow Sales Ratio is likely to drop (0.53) in 2024. At this time, Nova Vision's Income Before Tax is fairly stable compared to the past year. Net Income is likely to climb to about 154.2 K in 2024, whereas Total Other Income Expense Net is likely to drop slightly above 563.6 K in 2024.
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.
  
Check out Correlation Analysis.
Is Asset Management & Custody Banks 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.
Quarterly Earnings Growth
0.258
Return On Assets
(0.03)
Return On Equity
(0.03)
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 EBITDA vs. Debt To Equity 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 fifth in debt to equity category among its peers. It is regarded second in ebitda category among its peers totaling about  14,687,600  of EBITDA per Debt To Equity. At this time, Nova Vision's Debt To Equity is fairly stable compared to the past year. 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 EBITDA vs. Debt To Equity

Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.

Nova Vision

D/E

 = 

Total Debt

Total Equity

 = 
0.01 %
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.

Nova Vision

EBITDA

 = 

Revenue

-

Basic Expenses

 = 
146.88 K
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.

Nova EBITDA Comparison

Nova Vision is currently under evaluation in ebitda 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.
Last ReportedProjected for Next Year
Operating Income-750.7 K-713.1 K
Income Before Tax146.9 K286.6 K
Total Other Income Expense Net897.5 K563.6 K
Net Loss-87.2 K-91.5 K
Net Income146.9 K154.2 K
Income Tax Expense(750.67)(713.14)
Net Interest Income 15.00  25.20 
Interest Income 15.00  25.20 
Net Income From Continuing Ops217.2 K228.1 K
Change To Netincome-1.9 K-2 K
Net Income Per Share 0.04  0.04 
Income Quality(3.06)(2.91)
Net Income Per E B T 8.47  7.54 

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 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.
Pair CorrelationCorrelation Matching

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?

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Apparel
Apparel Theme
Companies manufacturing textile accessories and apparel products. The Apparel theme has 38 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 Apparel Theme or any other thematic opportunities.
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Additional Tools for Nova Stock Analysis

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.