Nova Vision Acquisition Corporation (NOVVU)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The chart shows the growth of an initial investment of $10,000 in Nova Vision Acquisition Corporation, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Nova Vision Acquisition Corporation has an annualized alpha of 106.05%, beta of 0.11, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since August 09, 2021.

• This stock captured 153.88% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -7.45%) — a profile typical of hedging or uncorrelated assets.
• Beta of 0.11 may look defensive, but with R² of 0.00 this stock is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
• R² of 0.00 means this stock moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

The table below present risk-adjusted performance metrics for Nova Vision Acquisition Corporation (NOVVU) and compare them to a chosen benchmark (S&P 500 Index).

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Nova Vision Acquisition Corporation. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Nova Vision Acquisition Corporation was 17.86%, occurring on Sep 11, 2024. Recovery took 2 trading sessions.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of Nova Vision Acquisition Corporation over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how Nova Vision Acquisition Corporation is priced in the market compared to other companies in the Shell Companies industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.