Novita SA (Poland) Price on November 17, 2023
| NVT Stock | 121.50 0.50 0.41% |
If you're considering investing in Novita Stock, it is important to understand the factors that can impact its price. As of today, the current price of Novita SA stands at 121.50, as last reported on the 15th of December 2024, with the highest price reaching 123.50 and the lowest price hitting 120.00 during the day. Currently, Novita SA is very steady. Novita SA has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Novita SA, which you can use to evaluate the volatility of the firm. Please verify Novita SA's Mean Deviation of 1.16, risk adjusted performance of 0.0811, and Downside Deviation of 1.45 to check out if the risk estimate we provide is consistent with the expected return of 0.17%.
Novita Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Novita |
Sharpe Ratio = 0.1107
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | NVT | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.58 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Novita SA is performing at about 8% of its full potential. 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 Novita SA by adding it to a well-diversified portfolio.
Novita SA Valuation on November 17, 2023
It is possible to determine the worth of Novita SA on a given historical date. On November 17, 2023 Novita was worth 112.96 at the beginning of the trading date compared to the closed value of 112.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Novita SA stock. Still, in general, we apply an absolute valuation method to find Novita SA'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 Novita SA where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Novita SA's related companies.
| Open | High | Low | Close | Volume | |
| 111.17 | 112.96 | 107.58 | 112.96 | 79.00 | |
11/17/2023 | 112.96 | 112.96 | 112.96 | 112.96 | 9.00 |
| 112.96 | 112.96 | 108.48 | 108.48 | 108.00 |
| Backtest Novita SA | | | Novita SA History | | | Novita SA Valuation | Previous | Next |
Novita SA Trading Date Momentum on November 17, 2023
| On November 20 2023 Novita SA was traded for 108.48 at the closing time. The highest price during the trading period was 112.96 and the lowest recorded bid was listed for 108.48 . The volume for the day was 108. This history from November 20, 2023 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 3.97% . The trading delta at closing time to the current price is 1.58% . |
Novita SA Fundamentals Correlations and Trends
By evaluating Novita SA'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 Novita SA's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Novita financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Novita SA Stock history
Novita SA 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 Novita is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Novita SA 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 Novita SA stock prices may prove useful in developing a viable investing in Novita SA
Novita SA Stock Technical Analysis
Novita SA 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
Novita SA Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
Novita SA cannot be verified against its exchange. Please verify the symbol is currently traded on Warsaw Stock 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.
Novita SA December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Novita SA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Novita SA shares will generate the highest return on investment. By undertsting and applying Novita SA stock market strength indicators, traders can identify Novita SA entry and exit signals to maximize returns
Novita SA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Novita SA's price direction in advance. Along with the technical and fundamental analysis of Novita Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Novita 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 | 0.0811 | |||
| Jensen Alpha | 0.1649 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.043 | |||
| Treynor Ratio | (1.12) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Novita Stock Analysis
When running Novita SA's price analysis, check to measure Novita SA'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 Novita SA is operating at the current time. Most of Novita SA's value examination focuses on studying past and present price action to predict the probability of Novita SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novita SA's price. Additionally, you may evaluate how the addition of Novita SA to your portfolios can decrease your overall portfolio volatility.