NOVRF OTC Stock Financials

NOVRF -  USA Stock  

USD 2.72  0.05  1.87%

Understanding current and past NOVA ROYALTY Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of NOVA ROYALTY's financial statements are interrelated, with each one affecting the others. For example, an increase in NOVA ROYALTY's assets may result in an increase in income on the income statement. Because of this, it is necessary to analyze all of NOVA ROYALTY's financials over time to get the whole picture.
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We recommend to make use of analysis of NOVA ROYALTY CORP fundamentals to see if markets are currently mispricing the entity. We were able to interpolate data for eighteen available fundamentals for NOVA ROYALTY, which can be compared to its peers in the industry. Use NOVA ROYALTY CORP revenue, as well as the relationship between the total debt and z score to make sure your decision on pricing NOVA ROYALTY CORP is adequate. Please also check out NOVA ROYALTY net income to check the company can sustain itself for the next two years. Use NOVA ROYALTY to enhance returns of your portfolios. The stock experiences a large bullish trend. Check odds of NOVA ROYALTY to be traded at $2.99 in 90 days.

NOVRF Fundamentals 

 
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With this module, you can analyze NOVRF financials for your investing period. You should be able to track the changes in NOVA ROYALTY individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  Chance Of Financial Distress
Less than 24
NOVA ROYALTY CORP has less than 24 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for NOVA ROYALTY otc stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity. More Info
The data published in NOVA ROYALTY's official financial statements usually reflect NOVA ROYALTY'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 ROYALTY CORP. For example, before you start analyzing numbers published by NOVRF accountants, it's critical to develop an understanding of what NOVA ROYALTY's liquidity, profitability, and earnings quality are in the context of the Basic Materials space in which it operates.
Please note, the presentation of NOVA ROYALTY'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 ROYALTY's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in NOVA ROYALTY's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of NOVA ROYALTY CORP. Please utilize our Beneish M Score to check the likelihood of NOVA ROYALTY's management to manipulate its earnings.

NOVA ROYALTY Company Summary

NOVA ROYALTY competes with Bhp Billiton. Nova Royalty Corp., a royalty company, focuses on the acquisition and management of royalties on the copper and nickel deposits. The company was incorporated in 2018 and is headquartered in Vancouver, Canada. NOVA ROYALTY operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.
InstrumentUSA OTC Stock View All
ExchangeOTC Exchange
Business Address543 Granville Street
SectorBasic Materials
IndustryOther Industrial Metals & Mining
BenchmarkDOW
Websitewww.novaroyalty.com
Phone604 696 4241
CurrencyUSD - US Dollar

NOVA ROYALTY Key Financial Ratios

Generally speaking, NOVA ROYALTY's financial ratios allow both analysts and investors to convert raw data from NOVA ROYALTY's financial statements into concise, actionable information that can be used to evaluate the performance of NOVA ROYALTY over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that NOVA ROYALTY CORP reports annually and quarterly.

NOVRF Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining NOVA ROYALTY's current stock value. Our valuation model uses many indicators to compare NOVA ROYALTY value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across NOVA ROYALTY competition to find correlations between indicators driving NOVA ROYALTY's intrinsic value. More Info.
NOVA ROYALTY CORP is regarded second in total debt category among related companies. It is regarded second in debt to equity category among related companies . The ratio of Total Debt to Debt to Equity for NOVA ROYALTY CORP is about  67,101,449 

NOVA ROYALTY CORP Systematic Risk

NOVA ROYALTY's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. NOVA ROYALTY volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on NOVA ROYALTY CORP correlated with the market. If Beta is less than 0 NOVA ROYALTY generally moves in the opposite direction as compared to the market. If NOVA ROYALTY Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one NOVA ROYALTY CORP is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of NOVA ROYALTY is generally in the same direction as the market. If Beta > 1 NOVA ROYALTY moves generally in the same direction as, but more than the movement of the benchmark. View also all equity analysis or get more info about beta statistic functions indicator.

About NOVA ROYALTY Financials

What exactly are NOVA ROYALTY Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include NOVA ROYALTY's income statement, its balance sheet, and the statement of cash flows. Potential NOVA ROYALTY investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although NOVA ROYALTY investors may use each financial statement separately, they are all related. The changes in NOVA ROYALTY's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on NOVA ROYALTY's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

NOVA ROYALTY October 23, 2021 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of NOVA ROYALTY help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of NOVA ROYALTY CORP. We use our internally-developed statistical techniques to arrive at the intrinsic value of NOVA ROYALTY CORP based on widely used predictive technical indicators. In general, we focus on analyzing NOVRF OTC Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build NOVA ROYALTY's daily price indicators and compare them against related drivers.
Downside Deviation3.28
Information Ratio0.0396
Maximum Drawdown23.31
Value At Risk(4.37)
Potential Upside7.56
Additionally, see Stocks Correlation. Note that the NOVA ROYALTY CORP information on this page should be used as a complementary analysis to other NOVA ROYALTY'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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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When running NOVA ROYALTY CORP price analysis, check to measure NOVA ROYALTY'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 ROYALTY is operating at the current time. Most of NOVA ROYALTY's value examination focuses on studying past and present price action to predict the probability of NOVA ROYALTY's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move NOVA ROYALTY's price. Additionally, you may evaluate how the addition of NOVA ROYALTY to your portfolios can decrease your overall portfolio volatility.
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The market value of NOVA ROYALTY CORP is measured differently than its book value, which is the value of NOVRF that is recorded on the company's balance sheet. Investors also form their own opinion of NOVA ROYALTY's value that differs from its market value or its book value, called intrinsic value, which is NOVA ROYALTY'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 ROYALTY's market value can be influenced by many factors that don't directly affect NOVA ROYALTY CORP underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NOVA ROYALTY's value and its price as these two are different measures arrived at by different means. Investors typically determine NOVA ROYALTY value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NOVA ROYALTY'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.