NOVAQ (Sunnova Energy International) 1-Year Sharpe Ratio: 0.12 (As of Aug. 03, 2026)

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What is Sunnova Energy International 1-Year Sharpe Ratio?

Sunnova Energy International NOVAQ 1-Year Sharpe Ratio is 0.12 as of Aug. 03, 2026.

The 1-Year Sharpe Ratio measures the additional return that an investor receives per unit of increase in risk over the past year. As of today (2026-08-03), Sunnova Energy International's 1-Year Sharpe Ratio is 0.12.

Sunnova Energy International  (OTCPK:NOVAQ) 1-Year Sharpe Ratio Explanation

The 1-Year Sharpe Ratio inidicates the risk-adjusted return of an investment over the past year. It is calculated as the annualized result of the average monthly excess return divided by its standard deviation over the past year. The monthly excess return is the monthly investment return minus the monthly risk-free rate (typically the 10-year Treasury Constant Maturity Rate). If the risk-free rate for a specific region is not available, U.S. data is used by default.

The greater a portfolio's Sharpe Ratio, the better its risk-adjusted performance. A negative Sharpe Ratio means the risk-free rate is greater than the portfolio’s historical or projected return, or else the portfolio's return is expected to be negative.

Sunnova Energy International 1-Year Sharpe Ratio Related Terms

NOVAQ vs VSTTF, SING, APWL: 1-Year Sharpe Ratio Comparison

For the Solar subindustry, Sunnova Energy International's 1-Year Sharpe Ratio, along with its competitors' market caps and 1-Year Sharpe Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sunnova Energy International 1-Year Sharpe Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Sunnova Energy International's 1-Year Sharpe Ratio distribution charts can be found below:

* The bar in red indicates where Sunnova Energy International's 1-Year Sharpe Ratio falls into.


Sunnova Energy International 1-Year Sharpe Ratio Calculation

The 1-Year Sharpe Ratio measures the performance of an investment such as a stock or portfolio compared to a risk-free asset. A stock / portfolio's 1-Year Sharpe Ratio can be calculated by dividing the difference between the one-year returns of the investment and the risk-free rate, by the standard deviation of the investment returns over one year.

Frequently Asked Questions Learn more about 1-Year Sharpe Ratio →
What does a 1-Year Sharpe Ratio of 0.12 mean?
Sunnova Energy International (NOVAQ) has a 1-Year Sharpe Ratio of 0.12 as of Aug. 03, 2026. 1-Year Sharpe Ratio measures the additional return that an investor receives per unit of increase in risk. View historical data for Sunnova Energy International and its competitors.
Is Sunnova Energy International's 1-Year Sharpe Ratio too high?
Sunnova Energy International's current 1-Year Sharpe Ratio is 0.12.
How does Sunnova Energy International's 1-Year Sharpe Ratio compare to VSTTF and SING?
Sunnova Energy International's 1-Year Sharpe Ratio of 0.12 can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 1-Year Sharpe Ratio for a Semiconductors company?
A good 1-Year Sharpe Ratio depends on the Semiconductors industry context. However, 1-Year Sharpe Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 1-Year Sharpe Ratio mean?
A high 1-Year Sharpe Ratio can signal that a stock is expensive relative to its fundamentals. 1-Year Sharpe Ratio measures the additional return that an investor receives per unit of increase in risk. View historical data for Sunnova Energy International and its competitors. Sunnova Energy International's current 1-Year Sharpe Ratio is 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunnova Energy International stock overvalued right now?
Sunnova Energy International (NOVAQ) has a current 1-Year Sharpe Ratio of 0.12. The current 1-Year Sharpe Ratio is 0.12. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 1-Year Sharpe Ratio calculated?
1-Year Sharpe Ratio is calculated from a company's financial statements. For Sunnova Energy International (NOVAQ), the current 1-Year Sharpe Ratio is 0.12 as of Aug. 03, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sunnova Energy International Business Description

Address 20 East Greenway Plaza, Suite 540, Houston, TX, USA, 77046
Sunnova Energy International Inc is a residential solar energy products and services provider company. It offers services such as operations and maintenance, monitoring, repairs and replacements, equipment upgrades, and onsite power optimization. The products and services offered by the group include Add-on battery storage, Home solar protection plans, New solar battery storage, and various other solar systems. It operates in a single reportable segment: solar energy products and services.