Novanta Financials
| 1GSN Stock | EUR 159.00 6.00 3.64% |
Novanta |
Understanding current and past Novanta Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Novanta's financial statements are interrelated, with each one affecting the others. For example, an increase in Novanta's assets may result in an increase in income on the income statement.
Novanta Stock Summary
Novanta competes with Tencent Music, Sekisui Chemical, UNIVMUSIC GRPADR050, PTT Global, and Quaker Chemical. 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.| Instrument | Germany Stock View All |
| Exchange | Frankfurt Exchange |
| ISIN | CA67000B1040 |
| Business Address | 125 Middlesex Turnpike, |
| Sector | Technology |
| Industry | Scientific & Technical Instruments |
| Benchmark | Dow Jones Industrial |
| Website | www.novanta.com |
| Phone | 781 266 5700 |
| Currency | EUR - Euro |
You should never invest in Novanta without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Novanta Stock, because this is throwing your money away. Analyzing the key information contained in Novanta's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Novanta Key Financial Ratios
There are many critical financial ratios that Novanta's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Novanta reports annually and quarterly.| Return On Equity | 0.14 | |||
| Return On Asset | 0.0534 | |||
| Target Price | 145.0 | |||
| Beta | 1.31 | |||
| Z Score | 6.6 |
Novanta Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Novanta's current stock value. Our valuation model uses many indicators to compare Novanta value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Novanta competition to find correlations between indicators driving Novanta's intrinsic value. More Info.Novanta is rated second in return on equity category among its peers. It also is rated second in return on asset category among its peers reporting about 0.38 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Novanta is roughly 2.61 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Novanta's earnings, one of the primary drivers of an investment's value.Novanta Systematic Risk
Novanta's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Novanta volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was four with a total number of output elements of fifty-seven. The Beta measures systematic risk based on how returns on Novanta correlated with the market. If Beta is less than 0 Novanta generally moves in the opposite direction as compared to the market. If Novanta Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Novanta is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Novanta is generally in the same direction as the market. If Beta > 1 Novanta moves generally in the same direction as, but more than the movement of the benchmark.
Novanta November 27, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Novanta help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Novanta. We use our internally-developed statistical techniques to arrive at the intrinsic value of Novanta based on widely used predictive technical indicators. In general, we focus on analyzing Novanta Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Novanta's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.99 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.22 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 2.58 |
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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