Nova Technology (Taiwan) Technical Analysis
| 6613 Stock | 188.00 0.50 0.27% |
As of the 1st of December, Nova Technology secures the Risk Adjusted Performance of 0.1353, mean deviation of 1.41, and Downside Deviation of 1.79. Nova Technology technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the firm's future prices. Please verify Nova Technology jensen alpha, maximum drawdown, and the relationship between the information ratio and treynor ratio to decide if Nova Technology is priced some-what accurately, providing market reflects its recent price of 188.0 per share.
Nova Technology Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nova, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NovaNova |
Nova Technology 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.
Nova Technology Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Nova Technology volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nova Technology Trend Analysis
Use this graph to draw trend lines for Nova Technology. You can use it to identify possible trend reversals for Nova Technology as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nova Technology price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nova Technology Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nova Technology applied against its price change over selected period. The best fit line has a slop of 0.72 , which means Nova Technology will continue generating value for investors. It has 122 observation points and a regression sum of squares at 19415.7, which is the sum of squared deviations for the predicted Nova Technology price change compared to its average price change.About Nova Technology Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nova Technology on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nova Technology based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nova Technology price pattern first instead of the macroeconomic environment surrounding Nova Technology. By analyzing Nova Technology's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nova Technology's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nova Technology specific price patterns or momentum indicators. Please read more on our technical analysis page.
Nova Technology December 1, 2024 Technical Indicators
Most technical analysis of Nova help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nova from various momentum indicators to cycle indicators. When you analyze Nova charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1353 | |||
| Market Risk Adjusted Performance | 0.8396 | |||
| Mean Deviation | 1.41 | |||
| Semi Deviation | 1.23 | |||
| Downside Deviation | 1.79 | |||
| Coefficient Of Variation | 591.48 | |||
| Standard Deviation | 1.96 | |||
| Variance | 3.84 | |||
| Information Ratio | 0.0988 | |||
| Jensen Alpha | 0.2719 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1085 | |||
| Treynor Ratio | 0.8296 | |||
| Maximum Drawdown | 10.63 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 3.62 | |||
| Downside Variance | 3.19 | |||
| Semi Variance | 1.5 | |||
| Expected Short fall | (1.93) | |||
| Skewness | 0.7107 | |||
| Kurtosis | 2.1 |
Additional Tools for Nova Stock Analysis
When running Nova Technology's price analysis, check to measure Nova Technology'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 Nova Technology is operating at the current time. Most of Nova Technology's value examination focuses on studying past and present price action to predict the probability of Nova Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Technology's price. Additionally, you may evaluate how the addition of Nova Technology to your portfolios can decrease your overall portfolio volatility.