NOVANT Competition

Bonds . USA . 
Bond . NOVANT 3168 01 NOV 51
66988AAH7   71.20  4.62  6.94%   
  
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
69.8271.2072.58
Details
Intrinsic
Valuation
LowRealHigh
58.4759.8578.32
Details
Naive
Forecast
LowNextHigh
70.2871.6673.03
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
66.2269.7573.28
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NOVANT. Your research has to be compared to or analyzed against NOVANT's peers to derive any actionable benefits. When done correctly, NOVANT's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in NOVANT 3168 01.

NOVANT Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between NOVANT and its competitors represents the degree of relationship between the price movements of corresponding bonds. A correlation of about +1.0 implies that the price of NOVANT and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of NOVANT 3168 01 does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
KEN
+ 0.56
SPH
KEN
+ 0.42
WES
CAHPF
+ 0.4
SPH
SPH
+ 0.39
WES
UBER
+ 0.38
HGMCF
CAHPF
+ 0.16
KEN
  
High negative correlations   
UBER
- 0.73
KEN
HGMCF
- 0.71
WES
UBER
- 0.36
WES
KEN
- 0.27
HGMCF
UBER
- 0.15
SPH
SPH
- 0.14
HGMCF

Risk-Adjusted Indicators

There is a big difference between NOVANT Bond performing well and NOVANT Corporate Bond doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze NOVANT's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
All Fundamental Data

NOVANT Competitive Analysis

The better you understand NOVANT competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, NOVANT's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across NOVANT's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
66988AAH7 WES HGMCF CHMN SPH KEN UBER CAHPF
 6.94 
 71.20 
NOVANT
 0.55 
 38.36 
Western
 0.00 
 9.50 
Harmony
 0.00 
 0.0002 
Chester
 1.70 
 17.34 
Suburban
 1.09 
 29.66 
Kenon
 0.86 
 60.73 
Uber
 5.00 
 2.85 
Evolution
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Somewhat reliable
Very steady
Very steady
Very steady
Very steady
Risky
Market Performance
(90 Days Performance)
Very Weak
Very Weak
Very Weak
Very Weak
Very Weak
OK
Very Weak
Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
About Average
Below Average
Below Average
Low
Low
Below Average
Very Small
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Under Valued
Over Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Buy
Not Available
Not Available
Hold
Strong Sell
Strong Buy
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Hold
Strong Sell
Strong Sell
Strong Hold
Strong Buy
Sell
Strong Sell
Current Ratio
N/A
1.20 X
1.51 X
N/A
0.89 X
1.77 X
1.04 X
1.17 X
Net Asset
N/A
12.47 B
46.81 B
N/A
2.27 B
4.11 B
38.7 B
6.63 B
Profit Margin
N/A
0.42 %
(0.02) %
N/A
0.07 %
(0.11) %
0.10 %
0.16 %
EBITDA
N/A
2 B
(340 M)
N/A
216.47 M
169.8 M
1.93 B
934.1 M
Operating Margin
N/A
0.43 %
0.1 %
N/A
0.03 %
0.05 %
0.09 %
0.20 %
Current Valuation
N/A
21.33 B
2.24 B
N/A
2.48 B
2.28 B
131.48 B
4.57 B
Price To Book
N/A
4.49 X
0.73 X
N/A
2.08 X
1.31 X
8.65 X
1.63 X
Retained Earnings
N/A
1.22 B
(4.41 B)
N/A
139.71 M
1.09 B
(30.59 B)
N/A
Current Asset
N/A
299.22 M
3.47 B
N/A
147.3 M
915.47 M
N/A
N/A
Five Year Return
N/A
10.44 %
N/A
N/A
10.96 %
N/A
N/A
1.76 %
Beta
N/A
2.82
0.82
-0.32
0.4
0.65
1.34
0.53
Number Of Employees
N/A
1.38 K
47
5
3.24 K
325
30.8 K
27
Shares Outstanding
N/A
380.56 M
618.03 M
N/A
64.49 M
52.78 M
2.11 B
1.84 B
Cash Flow From Operations
N/A
1.66 B
6.92 B
N/A
160.59 M
276.79 M
3.58 B
776.68 M
Annual Yield
N/A
0.09 %
0.01 %
N/A
0.08 %
0.22 %
N/A
0.02 %
Total Debt
N/A
7.96 B
3.18 B
N/A
139.41 M
1.59 B
11.83 B
1.67 B
Return On Equity
N/A
0.49
-0.033
N/A
0.16
-0.0292
0.34
0.11
Z Score
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1.2
Return On Asset
N/A
0.0777
0.0552
N/A
0.0527
0.0088
0.0403
0.0497
Number Of Shares Shorted
N/A
6.18 M
N/A
N/A
822.23 K
16.32 K
60.35 M
N/A
Book Value Per Share
N/A
8.48 X
48.73 X
N/A
9.48 X
22.80 X
7.02 X
1.77 X
Current Liabilities
N/A
235.49 M
2.03 B
N/A
205.05 M
653.39 M
N/A
N/A
Total Asset
N/A
12.47 B
46.81 B
N/A
2.27 B
4.11 B
38.7 B
6.63 B
Debt To Equity
N/A
2.34 %
0.11 %
N/A
2.15 %
0.46 %
1.52 %
0.57 %
Short Ratio
N/A
3.78 X
N/A
N/A
6.50 X
2.05 X
2.78 X
N/A
Target Price
N/A
40.28
N/A
N/A
16.5
29.85
90.05
N/A
Last Dividend Paid
N/A
3.2
0.62
N/A
N/A
N/A
N/A
0.06
Shares Owned By Institutions
N/A
85.12 %
50.51 %
N/A
36.58 %
12.64 %
83.93 %
53.39 %
Market Capitalization
N/A
14.52 B
2.3 B
N/A
1.14 B
1.53 B
127.88 B
3.95 B
Price To Earning
N/A
10.32 X
4.64 X
N/A
17.73 X
3.82 X
N/A
10.23 X
Price To Earnings To Growth
N/A
5.48 X
N/A
N/A
1.24 X
N/A
0.86 X
N/A
Price To Sales
N/A
4.11 X
0.05 X
N/A
0.85 X
2.08 X
3.05 X
1.73 X
Net Income
N/A
998.53 M
(1.05 B)
N/A
74.17 M
(235.98 M)
1.89 B
323.32 M
Earnings Per Share
N/A
3.91 X
0.18 X
N/A
1.14 X
(1.44) X
2.05 X
0.12 X
Shares Owned By Insiders
N/A
0.30 %
12.27 %
N/A
2.25 %
56.24 %
0.10 %
3.90 %
Revenue
N/A
3.11 B
42.65 B
N/A
1.33 B
691.8 M
37.28 B
2.06 B
Working Capital
N/A
(311.65 M)
1.44 B
N/A
(143.82 M)
737.24 M
1.84 B
N/A
Cash And Equivalents
N/A
286.66 M
2.45 B
N/A
4.1 M
475 M
4.21 B
572.43 M
Cash Per Share
N/A
0.41 X
3.97 X
N/A
0.11 X
22.28 X
2.44 X
0.31 X
Gross Profit
N/A
2.18 B
9.05 B
N/A
361 M
156.7 M
9.8 B
492.09 M
Day Typical Price
71.2
38.64
9.5
2.0E-4
17.54
29.53
60.62
2.85
Accumulation Distribution
N/A
31800.79
N/A
N/A
11527.47
815.13
703865.0
0.0035
Market Facilitation Index
N/A
0.0
N/A
N/A
0.0
1.0E-4
N/A
0.01
Daily Balance Of Power
9.2 T
0.1795
0.0
0.0
(0.51)
0.2192
0.3171
(15.00)
Period Momentum Indicator
4.62
0.21
N/A
N/A
(0.30)
0.32
0.52
(0.15)
Rate Of Daily Change
1.07
1.01
1.0
1.0
0.98
1.01
1.01
0.95
Day Median Price
71.2
38.78
9.5
2.0E-4
17.63
29.47
60.57
2.86
Price Action Indicator
2.31
(0.32)
N/A
N/A
(0.45)
0.35
0.42
(0.08)
Relative Strength Index
40.08
53.31
25.49
N/A
45.25
54.2
31.55
50.66
Coefficient Of Variation
2176.85
7013.84
(5,305)
N/A
26161.46
664.77
(944.18)
(14,521)
Mean Deviation
1.04
1.17
0.8343
N/A
1.28
1.3
1.71
2.15
Jensen Alpha
0.0773
0.0038
(0.06)
N/A
(0.02)
0.2351
(0.32)
(0.03)
Total Risk Alpha
0.0194
(0.03)
(0.17)
N/A
(0.05)
0.1989
(0.37)
(0.13)
Sortino Ratio
0.0331
(0.01)
N/A
N/A
(0.01)
0.1391
N/A
N/A
Downside Variance
1.69
2.3
N/A
N/A
4.67
2.61
N/A
N/A
Standard Deviation
1.64
1.47
3.45
N/A
1.81
1.71
2.72
3.35
Kurtosis
15.09
(0.37)
29.92
N/A
7.78
0.6202
6.61
3.05
Potential Upside
1.71
2.55
0.5742
N/A
2.72
3.01
2.67
5.33
Treynor Ratio
(0.12)
0.0339
0.1345
N/A
(0.01)
0.4725
(0.34)
(0.73)
Maximum Drawdown
13.82
5.82
38.0
N/A
11.92
8.45
20.41
21.17
Variance
2.68
2.17
11.89
N/A
3.28
2.91
7.4
11.23
Market Risk Adjusted Performance
(0.11)
0.0439
0.1445
N/A
0.005
0.4825
(0.33)
(0.72)
Risk Adjusted Performance
0.0416
0.0159
(0.01)
N/A
0.0087
0.1245
(0.08)
0.0022
Skewness
2.41
(0.12)
(1.61)
N/A
(1.66)
0.1629
(0.25)
0.735
Semi Deviation
1.23
1.49
N/A
N/A
2.02
1.37
N/A
N/A
Information Ratio
0.0263
(0.01)
(0.03)
N/A
(0.01)
0.1316
(0.12)
(0.02)
Value At Risk
(1.77)
(2.50)
N/A
N/A
(1.74)
(2.55)
(5.35)
(5.43)
Expected Short fall
(1.14)
(1.19)
N/A
N/A
(1.29)
(1.39)
N/A
N/A
Downside Deviation
1.3
1.52
N/A
N/A
2.16
1.61
N/A
N/A
Semi Variance
1.52
2.21
N/A
N/A
4.08
1.87
N/A
N/A

NOVANT Competition Performance Charts

Five steps to successful analysis of NOVANT Competition

NOVANT's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by NOVANT 3168 01 in relation to its competition. NOVANT's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of NOVANT in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact NOVANT's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to NOVANT 3168 01, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your NOVANT position

In addition to having NOVANT in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Large Blend Funds Theme
Fund or Etfs that invest in stocks of large organizations that have characteristics of both growth and value companies. The Large Blend Funds theme has 44 constituents at this time.
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Other Information on Investing in NOVANT Bond

NOVANT financial ratios help investors to determine whether NOVANT Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NOVANT with respect to the benefits of owning NOVANT security.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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