Novatek Microelectronics Stock Forecast - Period Momentum Indicator
| 3034 Stock | TWD 524.00 8.00 1.55% |
Novatek Stock Forecast is based on your current time horizon.
Novatek |
| Check Novatek Microelectronics Volatility | Backtest Novatek Microelectronics | Information Ratio |
Novatek Microelectronics Trading Date Momentum
| On January 31 2025 Novatek Microelectronics Corp was traded for 524.00 at the closing time. The highest price during the trading period was 525.00 and the lowest recorded bid was listed for 515.00 . There was no trading activity during the period 0.0. Lack of trading volume on January 31, 2025 did not cause price change. The trading delta at closing time to the current price is 1.53% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
Compare Novatek Microelectronics to competition
Novatek Microelectronics Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Novatek Microelectronics stock to make a market-neutral strategy. Peer analysis of Novatek Microelectronics could also be used in its relative valuation, which is a method of valuing Novatek Microelectronics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Novatek Microelectronics Market Strength Events
Market strength indicators help investors to evaluate how Novatek Microelectronics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Novatek Microelectronics shares will generate the highest return on investment. By undertsting and applying Novatek Microelectronics stock market strength indicators, traders can identify Novatek Microelectronics Corp entry and exit signals to maximize returns.
Novatek Microelectronics Risk Indicators
The analysis of Novatek Microelectronics' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Novatek Microelectronics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting novatek stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.05 | |||
| Semi Deviation | 1.3 | |||
| Standard Deviation | 1.39 | |||
| Variance | 1.94 | |||
| Downside Variance | 1.8 | |||
| Semi Variance | 1.68 | |||
| Expected Short fall | (1.09) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.