Nova Fund Class Fund Fundamentals
Nova Fund Class fundamentals help investors to digest information that contributes to Nova Fund's financial success or failures. It also enables traders to predict the movement of Nova Mutual Fund. The fundamental analysis module provides a way to measure Nova Fund's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Nova Fund mutual fund.
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Nova Five Year Return Analysis
Nova Fund's Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
More About Five Year Return | All Equity Analysis
Five Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current Nova Fund Five Year Return | 17.65 % |
Most of Nova Fund's fundamental indicators, such as Five Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Nova Fund Class is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
CompetitionNova Fund Five Year Return Component Assessment
According to the company disclosure, Nova Fund Class has a Five Year Return of 17.6536%. This is much higher than that of the Rydex Funds family and significantly higher than that of the Family category. The five year return for all United States funds is notably lower than that of the firm.
Nova Fund Class Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nova Fund's current stock value. Our valuation model uses many indicators to compare Nova Fund value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nova Fund competition to find correlations between indicators driving Nova Fund's intrinsic value. More Info.Nova Fund Class is rated top fund in three year return among similar funds. It is rated top fund in last dividend paid among similar funds creating about 0.05 of Last Dividend Paid per Three Year Return. The ratio of Three Year Return to Last Dividend Paid for Nova Fund Class is roughly 21.37 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Nova Fund by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Nova Fund's Mutual Fund . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nova Fund's earnings, one of the primary drivers of an investment's value.Nova One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nova Fund's direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Nova Fund could also be used in its relative valuation, which is a method of valuing Nova Fund by comparing valuation metrics of similar companies.Nova Fund is currently under evaluation in one year return among similar funds.
Fund Asset Allocation for Nova Fund
The fund invests 45.88% of asset under management in tradable equity instruments, with the rest of investments concentrated in bonds (3.46%) , cash (20.23%) and various exotic instruments.Asset allocation divides Nova Fund's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Nova Fundamentals
Price To Earning | 18.51 X | |||
Price To Book | 2.75 X | |||
Price To Sales | 1.93 X | |||
Total Asset | 10.58 M | |||
Annual Yield | 0.01 % | |||
Year To Date Return | 14.25 % | |||
One Year Return | 49.16 % | |||
Three Year Return | 12.61 % | |||
Five Year Return | 17.65 % | |||
Ten Year Return | 16.29 % | |||
Net Asset | 256.46 M | |||
Last Dividend Paid | 0.59 | |||
Cash Position Weight | 20.23 % | |||
Equity Positions Weight | 45.88 % | |||
Bond Positions Weight | 3.46 % |
About Nova Fund Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nova Fund Class's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nova Fund using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nova Fund Class based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.The fund employs as its investment strategy a program of investing in the common stock of companies that are generally within the capitalization range of the underlying index and leveraged derivative instruments, which primarily consist of equity index swaps and swaps on exchange-traded funds , futures contracts, and options on securities, futures contracts, and stock indices. Nova Fund is traded on NASDAQ Exchange in the United States.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nova Fund in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nova Fund's short interest history, or implied volatility extrapolated from Nova Fund options trading.
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Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Nova Fund Class information on this page should be used as a complementary analysis to other Nova Fund's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. 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 Mutual Fund analysis
When running Nova Fund's price analysis, check to measure Nova Fund'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 Fund is operating at the current time. Most of Nova Fund's value examination focuses on studying past and present price action to predict the probability of Nova Fund'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 Fund's price. Additionally, you may evaluate how the addition of Nova Fund to your portfolios can decrease your overall portfolio volatility.
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