Novan OTC Stock Performance

The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. Let's try to break down what Novan's beta means in this case. the returns on MARKET and Novan Inc are completely uncorrelated. Although it is extremely important to respect Novan Inc WT price patterns, it is better to be realistic regarding the information on equity historical price patterns. The philosophy towards estimating 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 analyzing Novan Inc WT technical indicators, you can presently evaluate if the expected return of 0.0% will be sustainable into the future. Novan Inc WT right now secures a risk of 0.0%. Please verify Novan Inc WT jensen alpha and semi variance to decide if Novan Inc WT will be following its current price movements.

Novan O TC Stock Performance 

 
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Novan Performance
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Over the last 90 days Novan Inc WT has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, Novan Inc is not utilizing all of its potentials. The current stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more
Fifty Two Week Low0.0190
Fifty Two Week High0.0301

Novan Inc Relative Risk vs. Return Landscape

If you would invest (100.00)  in Novan Inc WT on September 7, 2021 and sell it today you would earn a total of  100.00  from holding Novan Inc WT or generate -100.0% return on investment over 90 days. Novan Inc WT is currently producing negative expected returns and takes up 0.0% volatility of returns over 90 trading days. Put another way, 0% of traded otc stocks are less volatile than Novan, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
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Novan Inc Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Novan Inc's investment risk. Standard deviation is the most common way to measure market volatility of otc stocks, such as Novan Inc WT, and traders can use it to determine the average amount a Novan Inc'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 = 0.0

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Based on monthly moving average Novan Inc 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 Novan Inc by adding it to a well-diversified portfolio.

Things to note about Novan Inc WT

Checking the ongoing alerts about Novan Inc for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Novan Inc WT help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Novan Inc Alerts

Equity Alerts and Improvement Suggestions

Novan Inc WT is not yet fully synchronised with the market data
Novan Inc WT has some characteristics of a very speculative penny stock
Check out Stocks Correlation. Note that the Novan Inc WT information on this page should be used as a complementary analysis to other Novan Inc'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 CEO Directory module to screen CEOs from public companies around the world.

Other Tools for Novan OTC Stock

When running Novan Inc WT price analysis, check to measure Novan Inc'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 Novan Inc is operating at the current time. Most of Novan Inc's value examination focuses on studying past and present price action to predict the probability of Novan Inc's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Novan Inc's price. Additionally, you may evaluate how the addition of Novan Inc to your portfolios can decrease your overall portfolio volatility.
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