Nova Minerals Value At Risk
| NVAWW Stock | | | 31.37 1.37 4.57% |
This module presents the Value At Risk indicator for Nova Minerals Limited using available market inputs. The indicator computation uses normalized market activity data. Exchange-specific data schedules may affect the recency of readings. Nova Minerals has ROE of -15.56%. See
Correlation Analysis for additional portfolio context. The view frames allocation within the broader portfolio. Portfolio data reflects current holdings and their weights. The data shown is informational and should not be interpreted as guidance. This reflects a position in Nova Minerals Limited. This is situated 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
signals in small area income & poverty estimates.
Nova Minerals Limited has current Value At Risk of
-22.30. Value At Risk (or VAR) is a statistical technique used to measure the level of financial risk of investment instrument over a specific time frame. It is a widely used measure of the risk of loss on a specific investing instrument.
Value At Risk | = | ER[a] x N | + | (Z-SCORE x STD x SQRT (N)) |
| = | -22.30 | |
| ER[a] | = | Expected return on investing in Nova Minerals |
| STD | = | Standard Deviation of Nova Minerals |
| N | = | Number of points for the period |
| Z-SCORE | = | Number of standard deviations above or below the mean |
Value At Risk Peers Comparison
Value At Risk Relative To Other Indicators
Nova Minerals Limited is rated
below average for value at risk across the peer group. It is currently under evaluation for maximum drawdown across the peer group .
Value At Risk is used by risk managers in order to measure and control the level of risk which the firm undertakes. The risk manager job is to ensure that risks are not taken beyond the level at which the firm can absorb the losses of a probable worst outcome. VAR can be defined as the loss level that will not be exceeded with a certain confidence level during a certain period of time.
Compare Nova Minerals to Peers
Other Technical Indicators