Nova Royalty Total Debt vs. Net Income
| NOVRFDelisted Stock | USD 1.09 0.03 2.68% |
For Nova Royalty profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nova Royalty to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nova Royalty Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nova Royalty's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nova Royalty Corp over time as well as its relative position and ranking within its peers.
Nova |
Nova Royalty Corp Net Income vs. Total Debt Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nova Royalty's current stock value. Our valuation model uses many indicators to compare Nova Royalty value to that of its competitors to determine the firm's financial worth. Nova Royalty Corp is regarded second in total debt category among related companies. It is rated below average in net income category among related companies . Comparative valuation analysis is a catch-all model that can be used if you cannot value Nova Royalty by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Nova Royalty's OTC Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nova Royalty's earnings, one of the primary drivers of an investment's value.Nova Total Debt vs. Competition
Nova Royalty Corp is regarded second in total debt category among related companies. Total debt of Other Industrial Metals & Mining industry is now estimated at about 767.42 Million. Nova Royalty maintains roughly 4.9 Million in total debt contributing less than 1% to all equities under Other Industrial Metals & Mining industry.
Nova Net Income vs. Total Debt
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Nova Royalty |
| = | 4.9 M |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Nova Royalty |
| = | (9.42 M) |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Nova Net Income Comparison
Nova Royalty is currently under evaluation in net income category among related companies.
Nova Royalty Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nova Royalty, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nova Royalty will eventually generate negative long term returns. The profitability progress is the general direction of Nova Royalty's change in net profit over the period of time. It can combine multiple indicators of Nova Royalty, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Nova Royalty Corp., a royalty and streaming 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. It employs 3 people.
Nova Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nova Royalty. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Nova Royalty position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Nova Royalty's important profitability drivers and their relationship over time.
Use Nova Royalty in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nova Royalty position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nova Royalty will appreciate offsetting losses from the drop in the long position's value.Nova Royalty Pair Trading
Nova Royalty Corp Pair Trading Analysis
The ability to find closely correlated positions to Nova Royalty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nova Royalty when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nova Royalty - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nova Royalty Corp to buy it.
The correlation of Nova Royalty is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nova Royalty moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nova Royalty Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nova Royalty can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Nova Royalty position
In addition to having Nova Royalty in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Other Consideration for investing in Nova OTC Stock
If you are still planning to invest in Nova Royalty Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Nova Royalty's history and understand the potential risks before investing.
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