NOVA vs. ENPH
Compare and contrast key facts about Sunnova Energy International Inc. (NOVA) and Enphase Energy, Inc. (ENPH).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOVA or ENPH.
Correlation
The correlation between NOVA and ENPH is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NOVA vs. ENPH - Performance Comparison
Key characteristics
NOVA:
-0.58
ENPH:
-0.70
NOVA:
-0.52
ENPH:
-0.85
NOVA:
0.94
ENPH:
0.91
NOVA:
-0.78
ENPH:
-0.54
NOVA:
-1.26
ENPH:
-1.73
NOVA:
58.49%
ENPH:
25.54%
NOVA:
127.22%
ENPH:
63.55%
NOVA:
-94.20%
ENPH:
-95.97%
NOVA:
-93.16%
ENPH:
-78.74%
Fundamentals
NOVA:
$524.80M
ENPH:
$9.92B
NOVA:
-$3.38
ENPH:
$0.46
NOVA:
$809.98M
ENPH:
$1.25B
NOVA:
$347.18M
ENPH:
$570.59M
NOVA:
$86.64M
ENPH:
$142.71M
Returns By Period
In the year-to-date period, NOVA achieves a -75.74% return, which is significantly lower than ENPH's -45.93% return.
NOVA
-75.74%
-12.53%
-38.74%
-75.38%
-20.31%
N/A
ENPH
-45.93%
12.73%
-33.02%
-46.62%
22.50%
17.41%
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Risk-Adjusted Performance
NOVA vs. ENPH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sunnova Energy International Inc. (NOVA) and Enphase Energy, Inc. (ENPH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
NOVA vs. ENPH - Dividend Comparison
Neither NOVA nor ENPH has paid dividends to shareholders.
Drawdowns
NOVA vs. ENPH - Drawdown Comparison
The maximum NOVA drawdown since its inception was -94.20%, roughly equal to the maximum ENPH drawdown of -95.97%. Use the drawdown chart below to compare losses from any high point for NOVA and ENPH. For additional features, visit the drawdowns tool.
Volatility
NOVA vs. ENPH - Volatility Comparison
Sunnova Energy International Inc. (NOVA) has a higher volatility of 28.52% compared to Enphase Energy, Inc. (ENPH) at 18.87%. This indicates that NOVA's price experiences larger fluctuations and is considered to be riskier than ENPH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
NOVA vs. ENPH - Financials Comparison
This section allows you to compare key financial metrics between Sunnova Energy International Inc. and Enphase Energy, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities