Sunnova Energy International Market Value
| NOVADelisted Stock | USD 0 0 85.71% |
| Symbol | Sunnova |
Sunnova Energy '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 Sunnova Energy's stock 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 Sunnova Energy.
| 04/26/2025 |
| 06/25/2025 |
If you would invest 0.00 in Sunnova Energy on April 26, 2025 and sell it all today you would earn a total of 0.00 from holding Sunnova Energy International or generate 0.0% return on investment in Sunnova Energy over 60 days. Sunnova Energy is related to or competes with Complete Solaria,, Enphase Energy, First Solar, SolarEdge Technologies, JinkoSolar Holding, Nextracker, and Canadian Solar. Sunnova Energy International Inc. provides residential energy services in the United States More
Sunnova Energy 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 Sunnova Energy's stock 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 Sunnova Energy International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 120.96 | |||
| Value At Risk | (18.75) | |||
| Potential Upside | 19.35 |
Sunnova Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunnova Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunnova Energy's standard deviation. In reality, there are many statistical measures that can use Sunnova Energy historical prices to predict the future Sunnova Energy's volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (2.67) | |||
| Total Risk Alpha | (3.07) | |||
| Treynor Ratio | (1.47) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sunnova Energy'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.
Sunnova Energy Inter Backtested Returns
Sunnova Energy Inter owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13 % return per unit of risk over the last 3 months. Sunnova Energy International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sunnova Energy's Coefficient Of Variation of (782.16), risk adjusted performance of (0.20), and Variance of 409.35 to confirm the risk estimate we provide. The entity has a beta of 1.76, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Sunnova Energy will likely underperform. At this point, Sunnova Energy Inter has a negative expected return of -2.59%. Please make sure to validate Sunnova Energy's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Sunnova Energy Inter performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Sunnova Energy International has weak reverse predictability. Overlapping area represents the amount of predictability between Sunnova Energy time series from 26th of April 2025 to 26th of May 2025 and 26th of May 2025 to 25th of June 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 Sunnova Energy Inter price movement. The serial correlation of -0.25 indicates that over 25.0% of current Sunnova Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Sunnova Energy Inter lagged returns against current returns
Autocorrelation, which is Sunnova Energy stock'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 Sunnova Energy's stock expected returns. We can calculate the autocorrelation of Sunnova Energy returns to help us make a trade decision. For example, suppose you find that Sunnova Energy has exhibited high autocorrelation historically, and you observe that the stock 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 |
Sunnova Energy 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 Sunnova Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunnova Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunnova Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Sunnova Energy Lagged Returns
When evaluating Sunnova Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunnova Energy stock have on its future price. Sunnova Energy 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, Sunnova Energy autocorrelation shows the relationship between Sunnova Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Sunnova Energy International.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| ISPY | ProShares SP 500 | |
| SPYI | SHP ETF Trust | |
| QYLD | Global X NASDAQ |
Check out Sunnova Energy Correlation, Sunnova Energy Volatility and Sunnova Energy Alpha and Beta module to complement your research on Sunnova Energy. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Consideration for investing in Sunnova Stock
If you are still planning to invest in Sunnova Energy Inter check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Sunnova Energy's history and understand the potential risks before investing.
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