CNOVAPETRO-EQ Stock Performance

The firm shows a Beta (market volatility) of 0.0, which signifies that the returns on MARKET and CIL NOVA are completely uncorrelated. Although it is extremely important to respect CIL NOVA PETROCHEM historical returns, it is better to be realistic regarding the information on equity current trending patterns. The approach to foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By reviewing CIL NOVA PETROCHEM technical indicators you can today evaluate if the expected return of 0.0% will be sustainable into the future. CIL NOVA PETROCHEM now shows a risk of 0.0%. Please confirm CIL NOVA PETROCHEM Information Ratio as well as the relationship between Value At Risk and Expected Short fall to decide if CIL NOVA PETROCHEM will be following its price patterns.

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CIL NOVA Risk-Adjusted Performance

Over the last 30 days CIL NOVA PETROCHEM has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, CIL NOVA is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.
Fifty Two Week Low8.00
Fifty Two Week High8.00

CIL NOVA Relative Risk vs. Return Landscape

If you would invest  0.00  in CIL NOVA PETROCHEM on April 27, 2020 and sell it today you would earn a total of  0.00  from holding CIL NOVA PETROCHEM or generate 0.0% return on investment over 30 days. CIL NOVA PETROCHEM is generating negative expected returns and assumes 0.0% volatility on return distribution over the 30 days horizon. Simply put, 0% of equities are less volatile than CIL NOVA and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
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CIL NOVA Market Risk Analysis

Sharpe Ratio = 0.0
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Based on monthly moving average CIL NOVA is performing at about 0% 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 CIL NOVA by adding it to a well-diversified portfolio.


Equity Alerts and Improvement Suggestions

CIL NOVA PETROCHEM is not yet fully synchronised with the market data
CIL NOVA PETROCHEM has some characteristics of a very speculative penny stock
Continue to Trending Equities. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page