Nova Stock Performance
| NVMI Stock | USD 170.12 5.87 3.34% |
On a scale of 0 to 100, Nova holds a performance score of 9. The company secures a Beta (Market Risk) of 1.55, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nova will likely underperform. Please check Nova's downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether Nova's current price movements will revert.
Risk-Adjusted Performance
9 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Nova are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite fairly weak primary indicators, Nova demonstrated solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return (3.34) | Five Day Return (1.73) | Year To Date Return 25.41 | Ten Year Return 1.6 K | All Time Return 675.48 |
1 | Is Sunnova Energy International Inc Stock a Attractive Value - InvestorsObserver | 02/02/2024 |
2 | Sunnova Energy Reports Q4 Loss, Lags Revenue Estimates - Yahoo Finance | 02/21/2024 |
3 | Sunnova Energy International Inc. Sued for Securities Law Violations - Contact Levi Korsinsky Before April 16, 2024 ... - Marketscreener.com | 03/06/2024 |
4 | Nova Ltd. Just Flashed Golden Cross Signal Do You Buy | 03/13/2024 |
5 | Nova Ltd. Stock Moves -0.42 percent What You Should Know | 03/15/2024 |
6 | Sunnova Energy International Inc has gained 1.89 percent Thursday In Premarket Trading - InvestorsObserver | 03/21/2024 |
7 | Nova Stock Passes Above 200 Day Moving Average of 132.99 - MarketBeat | 03/26/2024 |
8 | Spotting Winners Applied Materials And Semiconductor Manufacturing Stocks In Q4 | 04/03/2024 |
9 | Nova appoints Guy Kizner as CFO | 04/08/2024 |
10 | Q4 Earnings Outperformers IPG Photonics And The Rest Of The Semiconductor Manufacturing Stocks | 04/12/2024 |
11 | Nova Measuring Instruments stock gains Outperform rating | 04/16/2024 |
| Begin Period Cash Flow | 111.1 M |
Nova |
Nova Relative Risk vs. Return Landscape
If you would invest 14,443 in Nova on January 19, 2024 and sell it today you would earn a total of 2,569 from holding Nova or generate 17.79% return on investment over 90 days. Nova is currently generating 0.2879% in daily expected returns and assumes 2.3864% risk (volatility on return distribution) over the 90 days horizon. In different words, 21% of stocks are less volatile than Nova, and 95% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. 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 = 0.1207
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
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| Small Returns | NVMI | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.39 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.29 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Nova is performing at about 9% 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 | 0.2 | ||||
| Return On Asset | 0.0781 | ||||
| Profit Margin | 0.26 % | ||||
| Operating Margin | 0.25 % | ||||
| Current Valuation | 4.75 B | ||||
| Shares Outstanding | 29.02 M | ||||
| Price To Earning | 51.86 X | ||||
| Price To Book | 6.59 X | ||||
| Price To Sales | 9.55 X | ||||
| Revenue | 517.92 M | ||||
| Gross Profit | 316.97 M | ||||
| EBITDA | 142.61 M | ||||
| Net Income | 136.31 M | ||||
| Cash And Equivalents | 364.31 M | ||||
| Cash Per Share | 12.70 X | ||||
| Total Debt | 244.14 M | ||||
| Debt To Equity | 0.47 % | ||||
| Current Ratio | 4.98 X | ||||
| Book Value Per Share | 25.88 X | ||||
| Cash Flow From Operations | 126.75 M | ||||
| Earnings Per Share | 4.28 X | ||||
| Market Capitalization | 5.11 B | ||||
| Total Asset | 1.13 B | ||||
| Retained Earnings | 614.38 M | ||||
| Working Capital | 387.41 M | ||||
| Current Asset | 149.98 M | ||||
| Current Liabilities | 37.16 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.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 224.44 | 235.66 | |
| Return On Tangible Assets | 0.13 | 0.14 | |
| Return On Capital Employed | 0.16 | 0.17 | |
| Return On Assets | 0.12 | 0.13 | |
| Return On Equity | 0.18 | 0.19 |
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.| Nova is unlikely to experience financial distress in the next 2 years | |
| Nova has a strong financial position based on the latest SEC filings | |
| Over 78.0% of the company shares are owned by institutional investors | |
| Latest headline from investing.com: Nova Measuring Instruments stock gains Outperform rating |
- 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 population. For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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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Is Nova'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. If investors know Nova 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 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.043 | Earnings Share 4.28 | Revenue Per Share 17.966 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0781 |
The market value of Nova is measured differently than its book value, which is the value of Nova that is recorded on the company's balance sheet. Investors also form their own opinion of Nova's value that differs from its market value or its book value, called intrinsic value, which is Nova'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's market value can be influenced by many factors that don't directly affect Nova'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova'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.