Is Nova Vision Stock a Good Investment?
Nova Vision Investment Advice | NOVVW |
Not Rated
Examine Nova Vision Stock
Researching Nova Vision's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). The company had not issued any dividends in recent years.
To determine if Nova Vision is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Nova Vision's research are outlined below:
| Nova Vision is not yet fully synchronised with the market data | |
| Nova Vision is way too risky over 90 days horizon | |
| Nova Vision has some characteristics of a very speculative penny stock | |
| Nova Vision appears to be risky and price may revert if volatility continues | |
| Nova Vision has high likelihood to experience some financial distress in the next 2 years | |
| Nova Vision generates negative cash flow from operations | |
| Nova Vision has a frail financial position based on the latest SEC disclosures |
Nova Vision's profitablity analysis
Nova Vision's profitability indicators refer to fundamental financial ratios that showcase Nova Vision's ability to generate income relative to its revenue or operating costs. If, let's say, Nova Vision is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Nova Vision's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Nova Vision's profitability requires more research than a typical breakdown of Nova Vision's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Capital Employed | (0.05) | (0.05) | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.01 | 0.01 |
Determining Nova Vision's profitability involves analyzing its financial statements and using various financial metrics to determine if Nova Vision is a good buy. For example, gross profit margin measures Nova Vision's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Nova Vision's profitability and make more informed investment decisions.
The data published in Nova Vision's official financial statements usually reflect Nova Vision's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Nova Vision Acquisition. For example, before you start analyzing numbers published by Nova accountants, it's critical to develop an understanding of what Nova Vision's liquidity, profitability, and earnings quality are in the context of the Capital Markets space in which it operates.
Please note, the presentation of Nova Vision's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Nova Vision's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Nova Vision's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Nova Vision Acquisition. Please utilize our Beneish M Score to check the likelihood of Nova Vision's management manipulating its earnings.
Evaluate Nova Vision's management efficiency
The company has return on total asset (ROA) of (0.0254) % which means that it has lost $0.0254 on every $100 spent on assets. This is way below average. Nova Vision's management efficiency ratios could be used to measure how well Nova Vision manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Nova Vision's Return On Tangible Assets are fairly stable compared to the past year. Return On Assets is likely to climb to 0.01 in 2024, despite the fact that Return On Capital Employed is likely to grow to (0.05). At this time, Nova Vision's Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to climb to about 25.2 M in 2024, whereas Total Current Assets are likely to drop slightly above 101.3 K in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 4.29 | 4.07 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | 4.29 | 4.07 | |
| Enterprise Value Over EBITDA | (55.42) | (58.19) | |
| Price Book Value Ratio | 2.67 | 1.90 | |
| Enterprise Value Multiple | (55.42) | (58.19) | |
| Price Fair Value | 2.67 | 1.90 | |
| Enterprise Value | 41.6 M | 35.1 M |
The analysis of Nova Vision's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Nova Vision's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Nova Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta (0.01) |
Understand Nova Vision's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Nova Vision's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.1198 | |||
| Market Risk Adjusted Performance | (2.35) | |||
| Mean Deviation | 25.47 | |||
| Semi Deviation | 16.74 | |||
| Downside Deviation | 23.68 | |||
| Coefficient Of Variation | 534.13 | |||
| Standard Deviation | 46.01 | |||
| Variance | 2116.77 | |||
| Information Ratio | 0.1865 | |||
| Jensen Alpha | 8.69 | |||
| Total Risk Alpha | 6.65 | |||
| Sortino Ratio | 0.3622 | |||
| Treynor Ratio | (2.36) | |||
| Maximum Drawdown | 333.91 | |||
| Value At Risk | (30.83) | |||
| Potential Upside | 83.0 | |||
| Downside Variance | 560.93 | |||
| Semi Variance | 280.25 | |||
| Expected Short fall | (38.73) | |||
| Skewness | 3.44 | |||
| Kurtosis | 15.84 |
| Risk Adjusted Performance | 0.1198 | |||
| Market Risk Adjusted Performance | (2.35) | |||
| Mean Deviation | 25.47 | |||
| Semi Deviation | 16.74 | |||
| Downside Deviation | 23.68 | |||
| Coefficient Of Variation | 534.13 | |||
| Standard Deviation | 46.01 | |||
| Variance | 2116.77 | |||
| Information Ratio | 0.1865 | |||
| Jensen Alpha | 8.69 | |||
| Total Risk Alpha | 6.65 | |||
| Sortino Ratio | 0.3622 | |||
| Treynor Ratio | (2.36) | |||
| Maximum Drawdown | 333.91 | |||
| Value At Risk | (30.83) | |||
| Potential Upside | 83.0 | |||
| Downside Variance | 560.93 | |||
| Semi Variance | 280.25 | |||
| Expected Short fall | (38.73) | |||
| Skewness | 3.44 | |||
| Kurtosis | 15.84 |
Consider Nova Vision's intraday indicators
Nova Vision intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Nova Vision stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 1590.91 | |||
| Daily Balance Of Power | (1.00) | |||
| Rate Of Daily Change | 0.77 | |||
| Day Median Price | 0.0351 | |||
| Day Typical Price | 0.0336 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.01) | |||
| Relative Strength Index | 57.45 |
Nova Stock media impact
Far too much social signal, news, headlines, and media speculation about Nova Vision that are available to investors today. That information is available publicly through Nova media outlets and privately through word of mouth or via Nova internal channels. However, regardless of the origin, that massive amount of Nova data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Nova Vision news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Nova Vision relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Nova Vision's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Nova Vision alpha.
Nova Vision Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nova Vision stock to make a market-neutral strategy. Peer analysis of Nova Vision could also be used in its relative valuation, which is a method of valuing Nova Vision by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Already Invested in Nova Vision Acquisition?
The danger of trading Nova Vision Acquisition is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nova Vision is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nova Vision. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nova Vision Acquisition is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Nova Vision Acquisition is a strong investment it is important to analyze Nova Vision's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nova Vision's future performance. For an informed investment choice regarding Nova Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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) |
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.
In summary, please note that there is a difference between Nova Vision's value and its price, as these two are different measures arrived at by various 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.