Novanta (Germany) Odds of Future Stock Price Finishing Over 152.64
| 1GSN Stock | EUR 155.00 4.00 2.52% |
Novanta |
Novanta Target Price Odds to finish over 152.64
The tendency of Novanta Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above € 152.64 in 90 days |
| 155.00 | 90 days | 152.64 | about 91.8 |
Based on a normal probability distribution, the odds of Novanta to stay above € 152.64 in 90 days from now is about 91.8 (This Novanta probability density function shows the probability of Novanta Stock to fall within a particular range of prices over 90 days) . Probability of Novanta price to stay between € 152.64 and its current price of €155.0 at the end of the 90-day period is about 11.28 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.87 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Novanta will likely underperform. Additionally Novanta has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Novanta Price Density |
| Price |
Predictive Modules for Novanta
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Novanta. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Novanta Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Novanta is not an exception. The market had few large corrections towards the Novanta's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Novanta, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Novanta within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.31 | |
β | Beta against Dow Jones | 1.87 | |
σ | Overall volatility | 4.44 | |
Ir | Information ratio | -0.1 |
Novanta Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Novanta for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Novanta can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Novanta generated a negative expected return over the last 90 days | |
| Over 99.0% of the company shares are owned by institutions such as pension funds |
Novanta Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Novanta Stock often depends not only on the future outlook of the current and potential Novanta's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Novanta's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 35.6 M |
Novanta Technical Analysis
Novanta's future price can be derived by breaking down and analyzing its technical indicators over time. Novanta Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Novanta. In general, you should focus on analyzing Novanta Stock price patterns and their correlations with different microeconomic environments and drivers.
Novanta Predictive Forecast Models
Novanta's time-series forecasting models is one of many Novanta's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Novanta's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Novanta
Checking the ongoing alerts about Novanta for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Novanta help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Novanta generated a negative expected return over the last 90 days | |
| Over 99.0% of the company shares are owned by institutions such as pension funds |
Additional Information and Resources on Investing in Novanta Stock
When determining whether Novanta is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Novanta Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Novanta Stock. Highlighted below are key reports to facilitate an investment decision about Novanta Stock:Check out Novanta Backtesting, Novanta Valuation, Novanta Correlation, Novanta Hype Analysis, Novanta Volatility, Novanta History as well as Novanta Performance. For more detail on how to invest in Novanta Stock please use our How to Invest in Novanta guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.