Novus Acquisition And Stock Market Value
| NDEV Stock | USD 0.04 0 6.15% |
| Symbol | Novus |
Novus Acquisition 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Novus Acquisition's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Novus Acquisition.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in Novus Acquisition on April 22, 2025 and sell it all today you would earn a total of 0.00 from holding Novus Acquisition and or generate 0.0% return on investment in Novus Acquisition over 90 days. Novus Acquisition is related to or competes with Berkshire Hathaway, American International, Sun Life, Arch Capital, Hartford Financial, and Berkshire Hathaway. Novus Acquisition Development Corp., through its subsidiary, WCIG Insurance Service, Inc., operates as an insurance comp... More
Novus Acquisition Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Novus Acquisition's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Novus Acquisition and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.35 | |||
| Information Ratio | 0.0327 | |||
| Maximum Drawdown | 45.89 | |||
| Value At Risk | (13.33) | |||
| Potential Upside | 17.25 |
Novus Acquisition Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Novus Acquisition's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Novus Acquisition's standard deviation. In reality, there are many statistical measures that can use Novus Acquisition historical prices to predict the future Novus Acquisition's volatility.| Risk Adjusted Performance | 0.0542 | |||
| Jensen Alpha | 0.5197 | |||
| Total Risk Alpha | (0.83) | |||
| Sortino Ratio | 0.0351 | |||
| Treynor Ratio | (0.58) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Novus Acquisition's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Novus Acquisition Backtested Returns
Novus Acquisition appears to be out of control, given 3 months investment horizon. Novus Acquisition has Sharpe Ratio of 0.0628, which conveys that the firm had a 0.0628 % return per unit of risk over the last 3 months. By analyzing Novus Acquisition's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please exercise Novus Acquisition's Mean Deviation of 6.4, risk adjusted performance of 0.0542, and Downside Deviation of 8.35 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Novus Acquisition holds a performance score of 4. The company secures a Beta (Market Risk) of -0.73, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Novus Acquisition are expected to decrease at a much lower rate. During the bear market, Novus Acquisition is likely to outperform the market. Please check Novus Acquisition's downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to make a quick decision on whether Novus Acquisition's current price movements will revert.
Auto-correlation | 0.23 |
Weak predictability
Novus Acquisition and has weak predictability. Overlapping area represents the amount of predictability between Novus Acquisition time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Novus Acquisition price movement. The serial correlation of 0.23 indicates that over 23.0% of current Novus Acquisition price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Novus Acquisition lagged returns against current returns
Autocorrelation, which is Novus Acquisition pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Novus Acquisition's pink sheet expected returns. We can calculate the autocorrelation of Novus Acquisition returns to help us make a trade decision. For example, suppose you find that Novus Acquisition has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Novus Acquisition regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Novus Acquisition pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Novus Acquisition pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Novus Acquisition pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Novus Acquisition Lagged Returns
When evaluating Novus Acquisition's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Novus Acquisition pink sheet have on its future price. Novus Acquisition autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Novus Acquisition autocorrelation shows the relationship between Novus Acquisition pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Novus Acquisition and.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Novus Pink Sheet Analysis
When running Novus Acquisition's price analysis, check to measure Novus Acquisition'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 Novus Acquisition is operating at the current time. Most of Novus Acquisition's value examination focuses on studying past and present price action to predict the probability of Novus Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novus Acquisition's price. Additionally, you may evaluate how the addition of Novus Acquisition to your portfolios can decrease your overall portfolio volatility.