Nova Minerals Limited Stock Technical Analysis
| NVA Stock | 11.69 0.39 3.45% |
As of the 13th of December 2024, Nova Minerals secures the Mean Deviation of 4.65, downside deviation of 6.71, and Risk Adjusted Performance of 0.1455. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nova Minerals Limited, as well as the relationship between them.
Nova Minerals Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nova, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NovaNova |
Nova Minerals technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Nova Minerals Limited Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Nova Minerals Limited volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nova Minerals Limited Trend Analysis
Use this graph to draw trend lines for Nova Minerals Limited. You can use it to identify possible trend reversals for Nova Minerals as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nova Minerals price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nova Minerals Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nova Minerals Limited applied against its price change over selected period. The best fit line has a slop of 0.08 , which may imply that Nova Minerals Limited will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 215.35, which is the sum of squared deviations for the predicted Nova Minerals price change compared to its average price change.About Nova Minerals Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nova Minerals Limited on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nova Minerals Limited based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nova Minerals Limited price pattern first instead of the macroeconomic environment surrounding Nova Minerals Limited. By analyzing Nova Minerals's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nova Minerals's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nova Minerals specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 0.008249 | 0.0118 | Price To Sales Ratio | 1.89 | 3.45 |
Nova Minerals December 13, 2024 Technical Indicators
Most technical analysis of Nova help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nova from various momentum indicators to cycle indicators. When you analyze Nova charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1455 | |||
| Market Risk Adjusted Performance | (1.00) | |||
| Mean Deviation | 4.65 | |||
| Semi Deviation | 6.0 | |||
| Downside Deviation | 6.71 | |||
| Coefficient Of Variation | 531.76 | |||
| Standard Deviation | 6.5 | |||
| Variance | 42.31 | |||
| Information Ratio | 0.1709 | |||
| Jensen Alpha | 1.34 | |||
| Total Risk Alpha | 0.3018 | |||
| Sortino Ratio | 0.1657 | |||
| Treynor Ratio | (1.01) | |||
| Maximum Drawdown | 37.9 | |||
| Value At Risk | (10.31) | |||
| Potential Upside | 12.22 | |||
| Downside Variance | 45.0 | |||
| Semi Variance | 36.04 | |||
| Expected Short fall | (5.00) | |||
| Skewness | (0.02) | |||
| Kurtosis | 1.56 |
Nova Minerals December 13, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Nova stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 2,619 | ||
| Daily Balance Of Power | 0.68 | ||
| Rate Of Daily Change | 1.03 | ||
| Day Median Price | 11.62 | ||
| Day Typical Price | 11.64 | ||
| Price Action Indicator | 0.27 |
Complementary Tools for Nova Stock analysis
When running Nova Minerals' price analysis, check to measure Nova Minerals' 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 Minerals is operating at the current time. Most of Nova Minerals' value examination focuses on studying past and present price action to predict the probability of Nova Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Minerals' price. Additionally, you may evaluate how the addition of Nova Minerals to your portfolios can decrease your overall portfolio volatility.
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