Novan OTC Stock Alpha and Beta Analysis

NOVNW -  USA Stock  

USD 0.04  0.00  0.00%

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Novan Inc WT. It also helps investors analyze the systematic and unsystematic risks associated with investing in Novan Inc over a specified time horizon. Remember, high Novan Inc's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Additionally, see Novan Inc Backtesting, Novan Inc Valuation, Novan Inc Correlation, Novan Inc Hype Analysis, Novan Inc Volatility, Novan Inc History and analyze Novan Inc Performance.

Novan Beta 

 
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Please note that although Novan Inc alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Novan Inc did 2.43  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Novan Inc WT stock's relative risk over its benchmark. Novan Inc WT has a beta of 1.55  . Let's try to break down what Novan's beta means in this case. As returns on the market increase, returns on owning Novan Inc are expected to decrease by larger amounts. On the other hand, during market turmoil, Novan Inc is expected to outperform it.
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Novan Inc Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible 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. Alpha and beta are two of the key measurements used to evaluate Novan Inc's performance over market.
α2.43   β-1.55
90 days against DJI

Novan Inc expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Novan Inc's Buy-and-hold return. Our buy-and-hold chart shows how Novan Inc performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Novan Inc Market Price Analysis

Market price analysis indicators help investors to evaluate how Novan Inc otc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Novan Inc shares will generate the highest return on investment. By understating and applying Novan Inc otc stock market price indicators, traders can identify Novan Inc position entry and exit signals to maximize returns.

Novan Inc Return and Market Media

The median price of Novan Inc for the period between Mon, Jul 19, 2021 and Sun, Oct 17, 2021 is 0.1 with a coefficient of variation of 45.69. The daily time series for the period is distributed with a sample standard deviation of 0.05, arithmetic mean of 0.11, and mean deviation of 0.04. The Stock did not receive any noticable media coverage during the period.
 Price Growth (%)  
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About Novan Inc Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in Novan Inc WT has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.

Novan Inc Investors Sentiment

The influence of Novan Inc'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 Novan. 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.

Current Sentiment - NOVNW

Novan Inc WT Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in Novan Inc WT. What is your trading attitude regarding investing in Novan Inc WT? Are you bullish or bearish?
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Additionally, see Novan Inc Backtesting, Novan Inc Valuation, Novan Inc Correlation, Novan Inc Hype Analysis, Novan Inc Volatility, Novan Inc History and analyze Novan Inc Performance. 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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Complementary Tools for Novan OTC Stock analysis

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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Novan Inc technical otc stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Novan Inc technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Novan Inc trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...