Nova Stock Alpha and Beta Analysis
| NVMI Stock | USD 211.64 4.35 2.01% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Nova. It also helps investors analyze the systematic and unsystematic risks associated with investing in Nova over a specified time horizon. Remember, high Nova'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 Nova's market risk premium analysis include:
Beta 1.53 | Alpha 0.37 | Risk 2.26 | Sharpe Ratio 0.0955 | Expected Return 0.22 |
Enterprise Value |
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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.
Nova |
Nova Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Nova market risk premium is the additional return an investor will receive from holding Nova 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 Nova. 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 Nova's performance over market.| α | 0.37 | β | 1.53 |
Nova 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 Nova's Buy-and-hold return. Our buy-and-hold chart shows how Nova performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Nova Market Price Analysis
Market price analysis indicators help investors to evaluate how Nova stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nova shares will generate the highest return on investment. By understating and applying Nova stock market price indicators, traders can identify Nova position entry and exit signals to maximize returns.
Nova Return and Market Media
The median price of Nova for the period between Sat, Mar 2, 2024 and Fri, May 31, 2024 is 178.29 with a coefficient of variation of 7.71. The daily time series for the period is distributed with a sample standard deviation of 14.01, arithmetic mean of 181.61, and mean deviation of 10.73. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Sunnova Energy International Inc Stock What Does the Chart Say Monday - InvestorsObserver | 03/25/2024 |
2 | Q4 Earnings Outperformers IPG Photonics And The Rest Of The Semiconductor Manufacturing Stocks | 04/12/2024 |
3 | Nova Measuring Instruments stock gains Outperform rating | 04/16/2024 |
4 | Q4 Earnings Highlights Teradyne Vs The Rest Of The Semiconductor Manufacturing Stocks | 04/22/2024 |
5 | GE Vernova Upgraded, Toddles Away From GE - Investors Business Daily | 04/29/2024 |
6 | Is Nova Ltd.s Recent Stock Performance Tethered To Its Strong Fundamentals | 05/06/2024 |
7 | NVMI Stock Earnings Nova Beats EPS, Beats Revenue for Q1 2024 | 05/09/2024 |
8 | Nova Measuring shares target raised by BofA on robust sales outlook | 05/10/2024 |
9 | Nova to Participate in Investor Conferences in June | 05/21/2024 |
10 | Optimistic Investors Push Nova Ltd. Shares Up 26 percent But Growth Is Lacking | 05/29/2024 |
About Nova 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 Nova or other stocks. Alpha measures the amount that position in Nova 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.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 60.04 | 69.91 | 78.41 | 54.62 | PTB Ratio | 8.77 | 3.99 | 5.28 | 4.05 |
Nova Upcoming Company Events
As portrayed in its financial statements, the presentation of Nova's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Nova's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Nova's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Nova. Please utilize our Beneish M Score to check the likelihood of Nova's management manipulating its earnings.
| 15th of February 2024 Upcoming Quarterly Report | View | |
| 9th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Nova
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
Check out Nova Backtesting, Nova Valuation, Nova Correlation, Nova Hype Analysis, Nova Volatility, Nova History and analyze Nova Performance. For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Nova Stock analysis
When running Nova's price analysis, check to measure Nova'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 is operating at the current time. Most of Nova's value examination focuses on studying past and present price action to predict the probability of Nova'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's price. Additionally, you may evaluate how the addition of Nova to your portfolios can decrease your overall portfolio volatility.
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