SEDG vs. NOVA
Compare and contrast key facts about SolarEdge Technologies, Inc. (SEDG) and Sunnova Energy International Inc. (NOVA).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SEDG or NOVA.
Correlation
The correlation between SEDG and NOVA is 0.40, 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
SEDG vs. NOVA - Performance Comparison
Key characteristics
SEDG:
-0.79
NOVA:
-0.61
SEDG:
-1.41
NOVA:
-1.27
SEDG:
0.84
NOVA:
0.83
SEDG:
-0.81
NOVA:
-0.95
SEDG:
-1.21
NOVA:
-1.64
SEDG:
64.70%
NOVA:
57.67%
SEDG:
99.23%
NOVA:
155.06%
SEDG:
-97.16%
NOVA:
-99.67%
SEDG:
-96.82%
NOVA:
-99.61%
Fundamentals
SEDG:
$770.83M
NOVA:
$28.48M
SEDG:
-$28.89
NOVA:
-$2.77
SEDG:
0.86
NOVA:
0.03
SEDG:
1.17
NOVA:
0.02
SEDG:
$722.52M
NOVA:
$679.02M
SEDG:
-$821.81M
NOVA:
$207.52M
SEDG:
-$1.49B
NOVA:
$146.97M
Returns By Period
In the year-to-date period, SEDG achieves a -13.86% return, which is significantly higher than NOVA's -93.87% return.
SEDG
-13.86%
-32.24%
-23.21%
-79.75%
-35.06%
-7.48%
NOVA
-93.87%
-41.75%
-95.96%
-94.65%
-55.04%
N/A
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Risk-Adjusted Performance
SEDG vs. NOVA — Risk-Adjusted Performance Rank
SEDG
NOVA
SEDG vs. NOVA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SolarEdge Technologies, Inc. (SEDG) and Sunnova Energy International Inc. (NOVA). 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
SEDG vs. NOVA - Dividend Comparison
Neither SEDG nor NOVA has paid dividends to shareholders.
Drawdowns
SEDG vs. NOVA - Drawdown Comparison
The maximum SEDG drawdown since its inception was -97.16%, roughly equal to the maximum NOVA drawdown of -99.67%. Use the drawdown chart below to compare losses from any high point for SEDG and NOVA. For additional features, visit the drawdowns tool.
Volatility
SEDG vs. NOVA - Volatility Comparison
The current volatility for SolarEdge Technologies, Inc. (SEDG) is 37.53%, while Sunnova Energy International Inc. (NOVA) has a volatility of 45.98%. This indicates that SEDG experiences smaller price fluctuations and is considered to be less risky than NOVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
SEDG vs. NOVA - Financials Comparison
This section allows you to compare key financial metrics between SolarEdge Technologies, Inc. and Sunnova Energy International 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