Nova Leap Health Stock Analysis

Nova OTC Stock Analysis Notes

About 36.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 1.12. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Nova Leap Health had not issued any dividends in recent years. Nova Leap Health Corp. provides home and home health care services in the United States and Canada. Nova Leap Health Corp. was incorporated in 2015 and is headquartered in Halifax, Canada. Nova Leap is traded on OTC Exchange in the United States.The quote for Nova Leap Health is listed on Over The Counter exchange (i.e., OTC), and the entity is not required to meet listing requirements such as those found on the Nasdaq, NYSE, or AMEX exchanges. To find out more about Nova Leap Health contact the company at 902 401 9480 or learn more at https://novaleaphealth.com.

Nova Leap Health Investment Alerts

Nova Market Capitalization

The company currently falls under 'Micro-Cap' category with a current market capitalization of 16.91 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nova Leap's market, we take the total number of its shares issued and multiply it by Nova Leap's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Nova Profitablity

The company has Profit Margin (PM) of (0.02) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.04) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.04.

Technical Drivers

As of the 3rd of December, Nova Leap secures the Risk Adjusted Performance of 0.0467, mean deviation of 4.11, and Downside Deviation of 14.66. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nova Leap Health, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for Nova Leap, which can be compared to its peers in the industry. Please verify Nova Leap Health jensen alpha, potential upside, as well as the relationship between the Potential Upside and skewness to decide if Nova Leap Health is priced some-what accurately, providing market reflects its recent price of 0.18 per share. As Nova Leap Health appears to be a penny stock we also strongly suggest to check its total risk alpha numbers.

Nova Leap Health Price Movement Analysis

Nova Leap Predictive Daily Indicators

Nova Leap Forecast Models

Nova Leap's time-series forecasting models are one of many Nova Leap's otc stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Nova Leap's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

OTC Stock analysis is the technique used by a trader or investor to examine and evaluate how Nova Leap prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Nova shares will generate the highest return on investment. We also built our otc analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual OTC such as Nova Leap. By using and applying Nova OTC Stock analysis, traders can create a robust methodology for identifying Nova entry and exit points for their positions.

When running Nova Leap's price analysis, check to measure Nova Leap'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 Leap is operating at the current time. Most of Nova Leap's value examination focuses on studying past and present price action to predict the probability of Nova Leap'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 Leap's price. Additionally, you may evaluate how the addition of Nova Leap to your portfolios can decrease your overall portfolio volatility.