Novan OTC Stock Today

Novan Inc is selling for under 0.025 as of the 29th of November 2021; that is No Change since the beginning of the trading day. The stock's lowest day price was 0.025. Equity ratings for Novan Inc WT are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of October 2021 and ending today, the 29th of November 2021. Click here to learn more.

Novan Inc OTC Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Novan Inc's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Novan Inc or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Novan Inc WT is not yet fully synchronised with the market data
Novan Inc WT is way too risky over 90 days horizon
Novan Inc WT has some characteristics of a very speculative penny stock
Novan Inc WT appears to be risky and price may revert if volatility continues
Legal NameNovan Inc WT
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Novan Inc's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedOvervalued
Novan Inc WT [NOVNW] is traded as part of a regulated electronic over-the-counter service offered by the NASD.
Check Novan Inc Probability Of Bankruptcy

Novan Stock Price Odds Analysis

What are Novan Inc's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Novan Inc jumping above the current price in 90 days from now is more than 94.0%. The Novan Inc WT probability density function shows the probability of Novan Inc otc stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the otc stock has a beta coefficient of 5.1312. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Novan Inc will likely underperform. In addition to that, the company has an alpha of 5.6955, implying that it can generate a 5.7 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Odds Down 0.025HorizonTargetOdds Up 0.025 
6.12%90 days
 0.025 
93.86%
Based on a normal probability distribution, the odds of Novan Inc to move above the current price in 90 days from now is more than 94.0 (This Novan Inc WT probability density function shows the probability of Novan OTC Stock to fall within a particular range of prices over 90 days) .

Novan Inc WT Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Novan Inc market risk premium is the additional return an investor will receive from holding Novan Inc long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Novan Inc. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Novan Inc's alpha and beta are two of the key measurements used to evaluate Novan Inc's performance over the market, the standard measures of volatility play an important role as well.

Novan Stock Against Markets

Picking the right benchmark for Novan Inc otc stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Novan Inc otc stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Novan Inc is critical whether you are bullish or bearish towards Novan Inc WT at a given time.

View Currently Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Novan Inc otc stock to make a market-neutral strategy. Peer analysis of Novan Inc could also be used in its relative valuation, which is a method of valuing Novan Inc by comparing valuation metrics with similar companies.
Additionally, see 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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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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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Is Novan Inc'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 Novan Inc. If investors know Novan 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 Novan Inc 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 Novan Inc WT is measured differently than its book value, which is the value of Novan that is recorded on the company's balance sheet. Investors also form their own opinion of Novan Inc's value that differs from its market value or its book value, called intrinsic value, which is Novan Inc'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 Novan Inc's market value can be influenced by many factors that don't directly affect Novan Inc'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 Novan Inc's value and its price as these two are different measures arrived at by different means. Investors typically determine Novan Inc value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Novan Inc'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.