Novatek Microelectronics (Taiwan) Buy Hold or Sell Recommendation
| 3034 Stock | TWD 483.00 1.50 0.31% |
Assuming the 90 days trading horizon and your typical level of risk aversion, our recommendation regarding Novatek Microelectronics Corp is 'Cautious Hold'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Novatek Microelectronics Corp given historical horizon and risk tolerance towards Novatek Microelectronics. When Macroaxis issues a 'buy' or 'sell' recommendation for Novatek Microelectronics Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Novatek Microelectronics Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Novatek and provide practical buy, sell, or hold advice based on investors' constraints. Novatek Microelectronics Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Novatek |
Execute Novatek Microelectronics Buy or Sell Advice
The Novatek recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Novatek Microelectronics Corp. Macroaxis does not own or have any residual interests in Novatek Microelectronics Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Novatek Microelectronics' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Novatek Microelectronics Trading Alerts and Improvement Suggestions
| Novatek Microelectronics generated a negative expected return over the last 90 days |
Novatek Microelectronics Returns Distribution Density
The distribution of Novatek Microelectronics' historical returns is an attempt to chart the uncertainty of Novatek Microelectronics' future price movements. The chart of the probability distribution of Novatek Microelectronics daily returns describes the distribution of returns around its average expected value. We use Novatek Microelectronics Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Novatek Microelectronics returns is essential to provide solid investment advice for Novatek Microelectronics.
| Mean Return | -0.18 | Value At Risk | -2.55 | Potential Upside | 1.97 | Standard Deviation | 1.53 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Novatek Microelectronics historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Novatek Microelectronics Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Novatek Microelectronics or Semiconductors & Semiconductor Equipment sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Novatek Microelectronics' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Novatek stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.22 | |
β | Beta against Dow Jones | 0.30 | |
σ | Overall volatility | 1.54 | |
Ir | Information ratio | -0.2 |
Novatek Microelectronics Volatility Alert
Novatek Microelectronics Corp exhibits very low volatility with skewness of -0.82 and kurtosis of 2.12. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Novatek Microelectronics' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Novatek Microelectronics' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Novatek Microelectronics Fundamentals Vs Peers
Comparing Novatek Microelectronics' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Novatek Microelectronics' direct or indirect competition across all of the common fundamentals between Novatek Microelectronics and the related equities. This way, we can detect undervalued stocks with similar characteristics as Novatek Microelectronics or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Novatek Microelectronics' fundamental indicators could also be used in its relative valuation, which is a method of valuing Novatek Microelectronics by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Novatek Microelectronics to competition |
| Fundamentals | Novatek Microelectronics | Peer Average |
| Return On Equity | 0.42 | -0.31 |
| Return On Asset | 0.26 | -0.14 |
| Profit Margin | 0.25 % | (1.27) % |
| Operating Margin | 0.30 % | (5.51) % |
| Current Valuation | 144.82 B | 16.62 B |
| Shares Outstanding | 608.51 M | 571.82 M |
| Shares Owned By Insiders | 5.10 % | 10.09 % |
| Shares Owned By Institutions | 40.90 % | 39.21 % |
| Price To Earning | 13.01 X | 28.72 X |
| Price To Book | 3.05 X | 9.51 X |
| Price To Sales | 1.54 X | 11.42 X |
| Revenue | 135.37 B | 9.43 B |
| Gross Profit | 50.94 B | 27.38 B |
| EBITDA | 49.24 B | 3.9 B |
| Net Income | 38.87 B | 570.98 M |
| Cash And Equivalents | 20.45 B | 2.7 B |
| Cash Per Share | 33.60 X | 5.01 X |
| Total Debt | 293.66 M | 5.32 B |
| Debt To Equity | 1.00 % | 48.70 % |
| Current Ratio | 2.06 X | 2.16 X |
| Book Value Per Share | 100.74 X | 1.93 K |
| Cash Flow From Operations | 41.72 B | 971.22 M |
| Earnings Per Share | 57.16 X | 3.12 X |
| Price To Earnings To Growth | 2.12 X | 4.89 X |
| Target Price | 371.06 | |
| Number Of Employees | 30 | 18.84 K |
| Beta | 1.12 | -0.15 |
| Market Capitalization | 242.49 B | 19.03 B |
| Total Asset | 120.59 B | 29.47 B |
| Retained Earnings | 20.21 B | 9.33 B |
| Working Capital | 24.02 B | 1.48 B |
| Current Asset | 34.22 B | 9.34 B |
| Current Liabilities | 10.2 B | 7.9 B |
Novatek Microelectronics Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Novatek . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 37513.82 | |||
| Daily Balance Of Power | 0.2143 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 480.5 | |||
| Day Typical Price | 481.33 | |||
| Price Action Indicator | 3.25 | |||
| Period Momentum Indicator | 1.5 |
About Novatek Microelectronics Buy or Sell Advice
When is the right time to buy or sell Novatek Microelectronics Corp? Buying financial instruments such as Novatek Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Additional Tools for Novatek Stock Analysis
When running Novatek Microelectronics' price analysis, check to measure Novatek Microelectronics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Novatek Microelectronics is operating at the current time. Most of Novatek Microelectronics' value examination focuses on studying past and present price action to predict the probability of Novatek Microelectronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novatek Microelectronics' price. Additionally, you may evaluate how the addition of Novatek Microelectronics to your portfolios can decrease your overall portfolio volatility.