NOVRF Beneish M Score

NOVRF -  USA Stock  

USD 2.22  0.14  5.93%

This module uses fundamental data of NOVA ROYALTY to approximate the value of its Beneish M Score. NOVA ROYALTY M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Additionally, see NOVA ROYALTY Piotroski F Score and NOVA ROYALTY Altman Z Score analysis.

NOVRF Beneish M Score 

 
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At this time, NOVA ROYALTY's M Score is unavailable. The earnings manipulation may begin if NOVA ROYALTY's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by NOVA ROYALTY executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of NOVA ROYALTY's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Unavailable
Elasticity of Receivables
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Asset Quality
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Expense Coverage
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Gross Margin Strengs
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Accruals Factor
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Depreciation Resistance
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Net Sales Growth
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Financial Leverage Condition
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Fundamental Analysis

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About NOVA ROYALTY Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze NOVA ROYALTY CORP's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NOVA ROYALTY using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NOVA ROYALTY CORP based on its fundamental data. In general, a quantitative approach, as applied to this company, 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.
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.

NOVA ROYALTY Investors Sentiment

The influence of NOVA ROYALTY's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in NOVRF. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
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 ROYALTY 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 ROYALTY's short interest history, or implied volatility extrapolated from NOVA ROYALTY options trading.

Current Sentiment - NOVRF

NOVA ROYALTY CORP Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in NOVA ROYALTY CORP. What is your trading attitude regarding investing in NOVA ROYALTY CORP? Are you bullish or bearish?
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Additionally, see NOVA ROYALTY Piotroski F Score and NOVA ROYALTY Altman Z Score analysis. 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 Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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Is NOVA ROYALTY's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NOVA ROYALTY. If investors know NOVRF will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NOVA ROYALTY listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
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's underlying business (such as a 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.