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NOVA vs. ENPH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

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.


-0.50.00.51.00.7

Performance

NOVA vs. ENPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sunnova Energy International Inc. (NOVA) and Enphase Energy, Inc. (ENPH). The values are adjusted to include any dividend payments, if applicable.

-100.00%0.00%100.00%200.00%300.00%400.00%500.00%JulyAugustSeptemberOctoberNovemberDecember
-67.11%
260.86%
NOVA
ENPH

Key characteristics

Sharpe Ratio

NOVA:

-0.58

ENPH:

-0.70

Sortino Ratio

NOVA:

-0.52

ENPH:

-0.85

Omega Ratio

NOVA:

0.94

ENPH:

0.91

Calmar Ratio

NOVA:

-0.78

ENPH:

-0.54

Martin Ratio

NOVA:

-1.26

ENPH:

-1.73

Ulcer Index

NOVA:

58.49%

ENPH:

25.54%

Daily Std Dev

NOVA:

127.22%

ENPH:

63.55%

Max Drawdown

NOVA:

-94.20%

ENPH:

-95.97%

Current Drawdown

NOVA:

-93.16%

ENPH:

-78.74%

Fundamentals

Market Cap

NOVA:

$524.80M

ENPH:

$9.92B

EPS

NOVA:

-$3.38

ENPH:

$0.46

Total Revenue (TTM)

NOVA:

$809.98M

ENPH:

$1.25B

Gross Profit (TTM)

NOVA:

$347.18M

ENPH:

$570.59M

EBITDA (TTM)

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

YTD

-75.74%

1M

-12.53%

6M

-38.74%

1Y

-75.38%

5Y*

-20.31%

10Y*

N/A

ENPH

YTD

-45.93%

1M

12.73%

6M

-33.02%

1Y

-46.62%

5Y*

22.50%

10Y*

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.


Sharpe ratio
The chart of Sharpe ratio for NOVA, currently valued at -0.58, compared to the broader market-4.00-2.000.002.00-0.58-0.70
The chart of Sortino ratio for NOVA, currently valued at -0.52, compared to the broader market-4.00-2.000.002.004.00-0.52-0.85
The chart of Omega ratio for NOVA, currently valued at 0.94, compared to the broader market0.501.001.502.000.940.91
The chart of Calmar ratio for NOVA, currently valued at -0.78, compared to the broader market0.002.004.006.00-0.78-0.54
The chart of Martin ratio for NOVA, currently valued at -1.26, compared to the broader market-5.000.005.0010.0015.0020.0025.00-1.26-1.73
NOVA
ENPH

The current NOVA Sharpe Ratio is -0.58, which is comparable to the ENPH Sharpe Ratio of -0.70. The chart below compares the historical Sharpe Ratios of NOVA and ENPH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.80-0.60-0.40-0.200.000.20JulyAugustSeptemberOctoberNovemberDecember
-0.58
-0.70
NOVA
ENPH

Dividends

NOVA vs. ENPH - Dividend Comparison

Neither NOVA nor ENPH has paid dividends to shareholders.


Tickers have no history of dividend payments

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.


-100.00%-90.00%-80.00%-70.00%-60.00%JulyAugustSeptemberOctoberNovemberDecember
-93.16%
-78.74%
NOVA
ENPH

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.


20.00%40.00%60.00%80.00%JulyAugustSeptemberOctoberNovemberDecember
28.52%
18.87%
NOVA
ENPH

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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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