Nova Minerals Market Risk Adjusted Performance
| NVAAF Stock | | | USD 0.65 0.00 0.00% |
Nova Minerals market risk adjusted performance lookup summarizes this and related technical indicators for Nova Minerals Limited. Coverage varies by data normalization and availability; see
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Correlation Analysis to better understand diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This includes a position in Nova Minerals Limited within the portfolio mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
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Nova Minerals Limited has current Market Risk Adjusted Performance of 0.0043.
MRAP | = | ER[a] + (1/BETA - 1) | X | ER[a] - RFR) |
| = | 0.0043 | |
| ER[a] | = | Expected return on investing in Nova Minerals |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
| BETA | = | Beta of the asset with market or selected benchmark. |
Nova Minerals Market Risk Adjusted Performance Peers Comparison
Nova Market Risk Adjusted Performance Relative To Other Indicators
Nova Minerals Limited is rated
below average. in market risk adjusted performance category among its top compatitors. It is currently under evaluation. in maximum drawdown category among its top compatitors reporting about
8,889 of Maximum Drawdown per Market Risk Adjusted Performance. The ratio of Maximum Drawdown to Market Risk Adjusted Performance for Nova Minerals Limited is roughly
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