Nova Minerals Risk Adjusted Performance

NVA Stock   12.60  0.68  5.70%   
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Nova Minerals Limited has current Risk Adjusted Performance of 0.1669.

RAP

 = 

(ER[a] - RFR) * STD[b])/STD[b]

RFR

 = 
0.1669
ER[a] = Expected return on investing in Nova Minerals
RFR = Risk Free Rate of return. Typically T-Bill Rate
STD[b] =   Standard Deviation of selected market or benchmark.

Nova Minerals Risk Adjusted Performance Peers Comparison

Nova Risk Adjusted Performance Relative To Other Indicators

Nova Minerals Limited is considered to be number one stock in risk adjusted performance category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  227.06  of Maximum Drawdown per Risk Adjusted Performance. The ratio of Maximum Drawdown to Risk Adjusted Performance for Nova Minerals Limited is roughly  227.06 
Compare Nova Minerals to Peers

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