Nova Asset Turnover from 2010 to 2024
| NOVVU Stock | USD 11.74 0.36 3.16% |
Asset Turnover | First Reported 2010-12-31 | Previous Quarter 0.05003271 | Current Value 0.0334 | Quarterly Volatility 0.00426284 |
Check Nova Vision financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nova main balance sheet or income statement drivers, such as Depreciation And Amortization of 788.2 K, Selling General Administrative of 537.2 K or Selling And Marketing Expenses of 621.2 K, as well as many exotic indicators such as Price To Sales Ratio of 86.99, Dividend Yield of 0.0 or PTB Ratio of 1.9. Nova financial statements analysis is a perfect complement when working with Nova Vision Valuation or Volatility modules.
Nova |
Pair Trading with Nova Vision
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.Moving against Nova Stock
| 0.62 | EVR | Evercore Partners | PairCorr |
| 0.6 | MC | Moelis | PairCorr |
| 0.52 | BK | Bank of New York Financial Report 16th of July 2024 | PairCorr |
| 0.49 | TW | Tradeweb Markets | PairCorr |
| 0.49 | AMP | Ameriprise Financial Financial Report 24th of July 2024 | PairCorr |
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.Check out the analysis of Nova Vision Correlation against competitors. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary 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.
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Is Nova Vision's industry 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 (0.23) | 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.