Nova (Israel) Performance
| NVMI Stock | ILA 63,670 20.00 0.03% |
On a scale of 0 to 100, Nova holds a performance score of 11. The company secures a Beta (Market Risk) of -1.02, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Nova are expected to decrease slowly. On the other hand, during market turmoil, Nova is expected to outperform it slightly. Please check Nova's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Nova's current price movements will revert.
Risk-Adjusted Performance
11 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Nova are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, Nova sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 232.3 M | |
| Total Cashflows From Investing Activities | -238.5 M |
Nova |
Nova Relative Risk vs. Return Landscape
If you would invest 5,338,000 in Nova on January 26, 2024 and sell it today you would earn a total of 1,029,000 from holding Nova or generate 19.28% return on investment over 90 days. Nova is generating 0.4024% of daily returns and assumes 2.6646% volatility on return distribution over the 90 days horizon. Simply put, 23% of stocks are less volatile than Nova, and 93% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Nova Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nova's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Nova, and traders can use it to determine the average amount a Nova's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.151
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Estimated Market Risk
| 2.66 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.4 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Nova is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nova by adding it to a well-diversified portfolio.
Nova Fundamentals Growth
Nova Stock prices reflect investors' perceptions of the future prospects and financial health of Nova, and Nova fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Nova Stock performance.
| Return On Equity | 0.25 | |||
| Return On Asset | 0.11 | |||
| Profit Margin | 0.23 % | |||
| Operating Margin | 0.27 % | |||
| Current Valuation | 8.39 B | |||
| Shares Outstanding | 28.59 M | |||
| Price To Book | 4.43 X | |||
| Price To Sales | 15.58 X | |||
| Revenue | 416.11 M | |||
| EBITDA | 121.32 M | |||
| Cash And Equivalents | 454.85 M | |||
| Cash Per Share | 16.12 X | |||
| Total Debt | 214.54 M | |||
| Debt To Equity | 0.55 % | |||
| Book Value Per Share | 19.28 X | |||
| Cash Flow From Operations | 132.26 M | |||
| Earnings Per Share | 13.91 X | |||
| Total Asset | 805.15 M | |||
| Current Asset | 154 M | |||
| Current Liabilities | 33 M | |||
About Nova Performance
To evaluate Nova Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Nova generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Nova Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Nova market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Nova's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Nova Measuring Instruments Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationally. Nova Measuring Instruments Ltd. was founded in 1993 and is headquartered in Rehovot, Israel. NOVA MEASURING operates under Semiconductor Equipment Materials classification in Israel and is traded on Tel Aviv Stock Exchange. It employs 713 people.Things to note about Nova performance evaluation
Checking the ongoing alerts about Nova for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Nova help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Over 78.0% of the company shares are owned by institutional investors |
- Analyzing Nova's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Nova's stock is overvalued or undervalued compared to its peers.
- Examining Nova's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Nova's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nova's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Nova's stock. These opinions can provide insight into Nova's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Nova Stock refer to our How to Trade Nova Stock guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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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