Nuvation Bio Stock Alpha and Beta Analysis
| NUVB Stock | USD 2.68 0.08 3.08% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Nuvation Bio. It also helps investors analyze the systematic and unsystematic risks associated with investing in Nuvation Bio over a specified time horizon. Remember, high Nuvation Bio'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. Key technical indicators related to Nuvation Bio's market risk premium analysis include:
Beta 4.04 | Alpha 0.82 | Risk 7.96 | Sharpe Ratio 0.13 | Expected Return 1 |
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.
Nuvation |
Nuvation Bio Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Nuvation Bio market risk premium is the additional return an investor will receive from holding Nuvation Bio 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 Nuvation Bio. 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 Nuvation Bio's performance over market.| α | 0.82 | β | 4.04 |
Nuvation Bio 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 Nuvation Bio's Buy-and-hold return. Our buy-and-hold chart shows how Nuvation Bio performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Nuvation Bio Market Price Analysis
Market price analysis indicators help investors to evaluate how Nuvation Bio stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nuvation Bio shares will generate the highest return on investment. By understating and applying Nuvation Bio stock market price indicators, traders can identify Nuvation Bio position entry and exit signals to maximize returns.
Nuvation Bio Return and Market Media
The median price of Nuvation Bio for the period between Thu, Jan 25, 2024 and Wed, Apr 24, 2024 is 2.18 with a coefficient of variation of 29.05. The daily time series for the period is distributed with a sample standard deviation of 0.66, arithmetic mean of 2.27, and mean deviation of 0.54. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Acquisition by David Hanley of 500000 shares of Nuvation Bio at 1.87 subject to Rule 16b-3 | 03/04/2024 |
2 | Nuvation Bio Inc. Is Up 25.28 percent in One Week What You Should Know | 03/08/2024 |
3 | Nuvation Bio Doses First Patient in Phase 12 Study of NUV-1511 for the Treatment of Advanced Solid Tumors | 03/14/2024 |
4 | Nuvation Bio falls after AnHeart Therapeutics acquisition news | 03/25/2024 |
5 | Nuvation Bio shares upgraded on promising drug prospects | 03/26/2024 |
6 | Thinking about buying stock in BigBear.ai, Bitfarms, Paysign, Nuvation Bio, or One Group Hospitality | 03/27/2024 |
7 | Nuvation Bio appoints new Chief Commercial Officer | 03/28/2024 |
8 | Disposition of tradable shares by Colleen Sjogren of Nuvation Bio subject to Rule 16b-3 | 04/02/2024 |
9 | ProfoundBio Discovers The Joys Of Having A Wealthy Owner | 04/08/2024 |
10 | Insider Trading | 04/09/2024 |
11 | Acquisition by W Vernon of 118784 shares of Nuvation Bio at 4.05 subject to Rule 16b-3 | 04/22/2024 |
About Nuvation Bio 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 financial instruments including Nuvation or other stocks. Alpha measures the amount that position in Nuvation Bio 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.
| 2023 | 2024 (projected) | Payables Turnover | 0.1 | 0.096 | Days Of Inventory On Hand | 9.3K | 8.3K |
Nuvation Bio Upcoming Company Events
As portrayed in its financial statements, the presentation of Nuvation Bio's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Nuvation Bio's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Nuvation Bio's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Nuvation Bio. Please utilize our Beneish M Score to check the likelihood of Nuvation Bio's management manipulating its earnings.
| 20th of March 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 20th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Nuvation Bio
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Nuvation Bio Backtesting, Nuvation Bio Valuation, Nuvation Bio Correlation, Nuvation Bio Hype Analysis, Nuvation Bio Volatility, Nuvation Bio History and analyze Nuvation Bio Performance. For information on how to trade Nuvation Stock refer to our How to Trade Nuvation Stock guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Nuvation Stock analysis
When running Nuvation Bio's price analysis, check to measure Nuvation Bio'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 Nuvation Bio is operating at the current time. Most of Nuvation Bio's value examination focuses on studying past and present price action to predict the probability of Nuvation Bio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nuvation Bio's price. Additionally, you may evaluate how the addition of Nuvation Bio to your portfolios can decrease your overall portfolio volatility.
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Nuvation Bio technical 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.