Nova Leap Health Stock Probability of Future OTC Stock Price Finishing Over 0.22
| NVLPF Stock | USD 0.22 0.00 0.00% |
Nova |
Nova Leap Target Price Odds to finish over 0.22
The tendency of Nova OTC Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 0.22 | 90 days | 0.22 | about 15.46 |
Based on a normal probability distribution, the odds of Nova Leap to move above the current price in 90 days from now is about 15.46 (This Nova Leap Health probability density function shows the probability of Nova OTC Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon the otc stock has the beta coefficient of 1.72 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Nova Leap will likely underperform. Moreover Nova Leap Health has an alpha of 1.7326, implying that it can generate a 1.73 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Nova Leap Price Density |
| Price |
Predictive Modules for Nova Leap
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nova Leap Health. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nova Leap's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nova Leap Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nova Leap is not an exception. The market had few large corrections towards the Nova Leap's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nova Leap Health, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nova Leap within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 1.73 | |
β | Beta against NYSE Composite | 1.72 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | 0.10 |
Nova Leap Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nova Leap for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nova Leap Health can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nova Leap Health is way too risky over 90 days horizon | |
| Nova Leap Health has some characteristics of a very speculative penny stock | |
| Nova Leap Health appears to be risky and price may revert if volatility continues | |
| Nova Leap Health has accumulated 896.13 K in total debt with debt to equity ratio (D/E) of 0.33, which is about average as compared to similar companies. Nova Leap Health has a current ratio of 0.85, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Nova Leap until it has trouble settling it off, either with new capital or with free cash flow. So, Nova Leap's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Nova Leap Health sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nova to invest in growth at high rates of return. When we think about Nova Leap's use of debt, we should always consider it together with cash and equity. | |
| About 36.0% of Nova Leap outstanding shares are owned by corporate insiders |
Nova Leap Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nova OTC Stock often depends not only on the future outlook of the current and potential Nova Leap's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nova Leap's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 79.3 M |
Nova Leap Technical Analysis
Nova Leap's future price can be derived by breaking down and analyzing its technical indicators over time. Nova OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nova Leap Health. In general, you should focus on analyzing Nova OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
Nova Leap Predictive Forecast Models
Nova Leap's time-series forecasting models is one of many Nova Leap's otc stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Nova Leap's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the otc stock market movement and maximize returns from investment trading.
Things to note about Nova Leap Health
Checking the ongoing alerts about Nova Leap for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nova Leap Health help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nova Leap Health is way too risky over 90 days horizon | |
| Nova Leap Health has some characteristics of a very speculative penny stock | |
| Nova Leap Health appears to be risky and price may revert if volatility continues | |
| Nova Leap Health has accumulated 896.13 K in total debt with debt to equity ratio (D/E) of 0.33, which is about average as compared to similar companies. Nova Leap Health has a current ratio of 0.85, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Nova Leap until it has trouble settling it off, either with new capital or with free cash flow. So, Nova Leap's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Nova Leap Health sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nova to invest in growth at high rates of return. When we think about Nova Leap's use of debt, we should always consider it together with cash and equity. | |
| About 36.0% of Nova Leap outstanding shares are owned by corporate insiders |
Other Information on Investing in Nova OTC Stock
Nova Leap financial ratios help investors to determine whether Nova OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nova with respect to the benefits of owning Nova Leap security.