Novonix Ltd Adr Stock Alpha and Beta Analysis
| NVX Stock | USD 1.13 0.03 2.59% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Novonix Ltd ADR. It also helps investors analyze the systematic and unsystematic risks associated with investing in Novonix over a specified time horizon. Remember, high Novonix's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Novonix's market risk premium analysis include:
Beta 1.16 | Alpha (0.40) | Risk 4.62 | Sharpe Ratio (0.09) | Expected Return (0.42) |
Enterprise Value |
|
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Novonix |
Novonix Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Novonix market risk premium is the additional return an investor will receive from holding Novonix long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Novonix. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Novonix's performance over market.| α | -0.4 | β | 1.16 |
Novonix expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Novonix's Buy-and-hold return. Our buy-and-hold chart shows how Novonix performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Novonix Market Price Analysis
Market price analysis indicators help investors to evaluate how Novonix stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Novonix shares will generate the highest return on investment. By understating and applying Novonix stock market price indicators, traders can identify Novonix position entry and exit signals to maximize returns.
Novonix Return and Market Media
The median price of Novonix for the period between Sat, Dec 14, 2024 and Fri, Mar 14, 2025 is 1.57 with a coefficient of variation of 17.31. The daily time series for the period is distributed with a sample standard deviation of 0.26, arithmetic mean of 1.53, and mean deviation of 0.21. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | American Graphite Producers File Trade Case with U.S. Government Over Anticompetitive Graphite Prices on Chinese Exports | 12/18/2024 |
2 | Novonix enters licensing deal for furnace tech | 01/13/2025 |
3 | Novonix Shares Outperform ASX 200 After Oversubscribed Share Purchase Plan | 01/15/2025 |
4 | NOVONIX Limited Insider Anthony Bellas Buys 44,464 Shares | 01/17/2025 |
5 | Novonix CEO Burns set to step down Long to become interim CEO | 01/21/2025 |
6 | Why NOVONIX Limited Is Among the Best ASX Stocks to Buy According to Hedge Funds | 01/31/2025 |
7 | ASX Lunch Wrap Shares free-fall on Trumps tariffs, as traders await Chinas countermeasures | 02/03/2025 |
8 | Novonix Adjusts Production Timeline Amid Supply Chain Delays | 02/20/2025 |
9 | Discretionary transaction by Bank Of America Corp de of tradable shares of Novonix subject to Rule 16b-3 | 02/26/2025 |
10 | ASX Market Close Index Drops Amid Growing Concerns Over Trump | 03/13/2025 |
About Novonix Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Novonix or other stocks. Alpha measures the amount that position in Novonix Ltd ADR has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2024 | 2025 (projected) | Dividend Yield | 0.0188 | 0.0167 | Price To Sales Ratio | 37.18 | 35.32 |
Novonix Upcoming Company Events
As portrayed in its financial statements, the presentation of Novonix's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Novonix's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Novonix's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Novonix. Please utilize our Beneish M Score to check the likelihood of Novonix's management manipulating its earnings.
| 4th of October 2023 Upcoming Quarterly Report | View | |
| 30th of June 2023 Next Fiscal Quarter End | View | |
| 4th of October 2023 Next Fiscal Year End | View | |
| 31st of March 2023 Last Quarter Report | View | |
| 30th of June 2022 Last Financial Announcement | View |
Build Portfolio with Novonix
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Additional Tools for Novonix Stock Analysis
When running Novonix's price analysis, check to measure Novonix'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 Novonix is operating at the current time. Most of Novonix's value examination focuses on studying past and present price action to predict the probability of Novonix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novonix's price. Additionally, you may evaluate how the addition of Novonix to your portfolios can decrease your overall portfolio volatility.