Novanta (Germany) Price on June 30, 2023
1GSN Stock | EUR 150.00 3.00 2.04% |
If you're considering investing in Novanta Stock, it is important to understand the factors that can impact its price. As of today, the current price of Novanta stands at 150.00, as last reported on the 29th of December, with the highest price reaching 150.00 and the lowest price hitting 150.00 during the day. Novanta has Sharpe Ratio of -0.0347, which conveys that the firm had a -0.0347% return per unit of risk over the last 3 months. Novanta exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Novanta's Risk Adjusted Performance of (0.02), mean deviation of 1.49, and Standard Deviation of 2.02 to check out the risk estimate we provide.
Novanta Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Novanta |
Sharpe Ratio = -0.0347
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Estimated Market Risk
2.07 actual daily | 18 82% of assets are more volatile |
Expected Return
-0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Novanta is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Novanta by adding Novanta to a well-diversified portfolio.
Novanta Valuation on June 30, 2023
It is possible to determine the worth of Novanta on a given historical date. On June 30, 2023 Novanta was worth 167.0 at the beginning of the trading date compared to the closed value of 167.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Novanta stock. Still, in general, we apply an absolute valuation method to find Novanta's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Novanta where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Novanta's related companies.
Open | High | Low | Close | Volume | |
163.00 | 163.00 | 163.00 | 163.00 | 5.00 | |
06/30/2023 | 167.00 | 167.00 | 167.00 | 167.00 | 5.00 |
168.00 | 168.00 | 168.00 | 168.00 | 5.00 |
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Novanta Trading Date Momentum on June 30, 2023
On July 03 2023 Novanta was traded for 168.00 at the closing time. The maximum traded price for the trading interval was 168.00 and the lowest daily price was 168.00 . The daily volume was recorded at 5.0. The volume of trading on 3rd of July 2023 played a part in the next trading day price rise. The daily price change to the next closing price was 0.60% . The trading delta at closing time to the closing price today is 5.39% . |
Novanta Fundamentals Correlations and Trends
By evaluating Novanta's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Novanta's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Novanta financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Novanta Stock history
Novanta investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Novanta is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Novanta will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Novanta stock prices may prove useful in developing a viable investing in Novanta
Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in the medical and industrial markets worldwide. Novanta Inc. was founded in 1968 and is headquartered in Bedford, Massachusetts. NOVANTA INC operates under Scientific Technical Instruments classification in Germany and is traded on Frankfurt Stock Exchange. It employs 2200 people.
Novanta Stock Technical Analysis
Novanta technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Novanta Period Price Range
Low | December 29, 2024
| High |
0.00 | 0.00 |
Novanta cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Novanta December 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Novanta stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Novanta shares will generate the highest return on investment. By undertsting and applying Novanta stock market strength indicators, traders can identify Novanta entry and exit signals to maximize returns
Novanta Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Novanta's price direction in advance. Along with the technical and fundamental analysis of Novanta Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Novanta to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.02) | |||
Jensen Alpha | (0.07) | |||
Total Risk Alpha | (0.13) | |||
Treynor Ratio | (0.49) |
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Volume Indicators |
Complementary Tools for Novanta Stock analysis
When running Novanta's price analysis, check to measure Novanta's 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 Novanta is operating at the current time. Most of Novanta's value examination focuses on studying past and present price action to predict the probability of Novanta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novanta's price. Additionally, you may evaluate how the addition of Novanta to your portfolios can decrease your overall portfolio volatility.
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