NOVA vs. SEDG
Compare and contrast key facts about Sunnova Energy International Inc. (NOVA) and SolarEdge Technologies, Inc. (SEDG).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOVA or SEDG.
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.
Performance
NOVA vs. SEDG - Performance Comparison
Key characteristics
NOVA:
-0.58
SEDG:
-0.94
NOVA:
-0.52
SEDG:
-2.14
NOVA:
0.94
SEDG:
0.76
NOVA:
-0.78
SEDG:
-0.87
NOVA:
-1.26
SEDG:
-1.37
NOVA:
58.49%
SEDG:
61.67%
NOVA:
127.22%
SEDG:
89.90%
NOVA:
-94.20%
SEDG:
-97.16%
NOVA:
-93.16%
SEDG:
-95.99%
Fundamentals
NOVA:
$524.80M
SEDG:
$832.74M
NOVA:
-$3.38
SEDG:
-$29.10
NOVA:
$809.98M
SEDG:
$1.05B
NOVA:
$347.18M
SEDG:
-$786.88M
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
-75.74%
-12.53%
-38.74%
-75.38%
-20.31%
N/A
SEDG
-84.22%
35.88%
-55.26%
-84.79%
-31.12%
N/A
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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.
Dividends
NOVA vs. SEDG - Dividend Comparison
Neither NOVA nor SEDG has paid dividends to shareholders.
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.
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.
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.
Total Revenue: Total amount of money received from sales and other business activities