PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
NOVA vs. SEDG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between NOVA and SEDG is 0.65, 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. SEDG - Performance Comparison

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

-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-67.11%
-76.59%
NOVA
SEDG

Key characteristics

Sharpe Ratio

NOVA:

-0.58

SEDG:

-0.94

Sortino Ratio

NOVA:

-0.52

SEDG:

-2.14

Omega Ratio

NOVA:

0.94

SEDG:

0.76

Calmar Ratio

NOVA:

-0.78

SEDG:

-0.87

Martin Ratio

NOVA:

-1.26

SEDG:

-1.37

Ulcer Index

NOVA:

58.49%

SEDG:

61.67%

Daily Std Dev

NOVA:

127.22%

SEDG:

89.90%

Max Drawdown

NOVA:

-94.20%

SEDG:

-97.16%

Current Drawdown

NOVA:

-93.16%

SEDG:

-95.99%

Fundamentals

Market Cap

NOVA:

$524.80M

SEDG:

$832.74M

EPS

NOVA:

-$3.38

SEDG:

-$29.10

Total Revenue (TTM)

NOVA:

$809.98M

SEDG:

$1.05B

Gross Profit (TTM)

NOVA:

$347.18M

SEDG:

-$786.88M

EBITDA (TTM)

NOVA:

$86.64M

SEDG:

-$1.58B

Returns By Period

In the year-to-date period, NOVA achieves a -75.74% return, which is significantly higher than SEDG's -84.22% return.


NOVA

YTD

-75.74%

1M

-12.53%

6M

-38.74%

1Y

-75.38%

5Y*

-20.31%

10Y*

N/A

SEDG

YTD

-84.22%

1M

35.88%

6M

-55.26%

1Y

-84.79%

5Y*

-31.12%

10Y*

N/A

Compare stocks, funds, or ETFs

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


Risk-Adjusted Performance

NOVA vs. SEDG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Sunnova Energy International Inc. (NOVA) and SolarEdge Technologies, Inc. (SEDG). 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-4.00-2.000.002.00-0.58-0.94
The chart of Sortino ratio for NOVA, currently valued at -0.52, compared to the broader market-4.00-2.000.002.004.00-0.52-2.14
The chart of Omega ratio for NOVA, currently valued at 0.94, compared to the broader market0.501.001.502.000.940.76
The chart of Calmar ratio for NOVA, currently valued at -0.78, compared to the broader market0.002.004.006.00-0.78-0.87
The chart of Martin ratio for NOVA, currently valued at -1.26, compared to the broader market-5.000.005.0010.0015.0020.0025.00-1.26-1.37
NOVA
SEDG

The current NOVA Sharpe Ratio is -0.58, which is higher than the SEDG Sharpe Ratio of -0.94. The chart below compares the historical Sharpe Ratios of NOVA and SEDG, 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-1.20-1.00-0.80-0.60-0.40-0.200.00JulyAugustSeptemberOctoberNovemberDecember
-0.58
-0.94
NOVA
SEDG

Dividends

NOVA vs. SEDG - Dividend Comparison

Neither NOVA nor SEDG has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

NOVA vs. SEDG - Drawdown Comparison

The maximum NOVA drawdown since its inception was -94.20%, roughly equal to the maximum SEDG drawdown of -97.16%. Use the drawdown chart below to compare losses from any high point for NOVA and SEDG. For additional features, visit the drawdowns tool.


-95.00%-90.00%-85.00%-80.00%JulyAugustSeptemberOctoberNovemberDecember
-93.16%
-95.99%
NOVA
SEDG

Volatility

NOVA vs. SEDG - Volatility Comparison

The current volatility for Sunnova Energy International Inc. (NOVA) is 28.52%, while SolarEdge Technologies, Inc. (SEDG) has a volatility of 36.58%. This indicates that NOVA experiences smaller price fluctuations and is considered to be less risky than SEDG 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%
36.58%
NOVA
SEDG

Financials

NOVA vs. SEDG - Financials Comparison

This section allows you to compare key financial metrics between Sunnova Energy International Inc. and SolarEdge Technologies, 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
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


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.

Copyright © 2024 PortfoliosLab