Nova (Israel) Chance of Future Stock Price Finishing Over 63993.15
| NVMI Stock | ILA 64,660 1,340 2.03% |
Nova |
Nova Target Price Odds to finish over 63993.15
The tendency of Nova 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 63,993 in 90 days |
| 64,660 | 90 days | 63,993 | about 99.0 |
Based on a normal probability distribution, the odds of Nova to stay above 63,993 in 90 days from now is about 99.0 (This Nova probability density function shows the probability of Nova Stock to fall within a particular range of prices over 90 days) . Probability of Nova price to stay between 63,993 and its current price of 64660.0 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Nova has a beta of -0.1. This indicates as returns on the benchmark increase, returns on holding Nova are expected to decrease at a much lower rate. During a bear market, however, Nova is likely to outperform the market. Additionally Nova 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. Nova Price Density |
| Price |
Predictive Modules for Nova
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nova. 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.Nova Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nova is not an exception. The market had few large corrections towards the Nova'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 Nova, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nova within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | -0.1 | |
σ | Overall volatility | 5,132 | |
Ir | Information ratio | -0.06 |
Nova 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 Nova for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nova can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nova generated a negative expected return over the last 90 days | |
| Nova has high historical volatility and very poor performance | |
| Over 78.0% of the company shares are owned by institutional investors |
Nova 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 Nova Stock often depends not only on the future outlook of the current and potential Nova'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. Nova's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 28.5 M |
Nova Technical Analysis
Nova's future price can be derived by breaking down and analyzing its technical indicators over time. Nova Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nova. In general, you should focus on analyzing Nova Stock price patterns and their correlations with different microeconomic environments and drivers.
Nova Predictive Forecast Models
Nova's time-series forecasting models is one of many Nova'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 Nova'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 Nova
Checking the ongoing alerts about Nova for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nova help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nova generated a negative expected return over the last 90 days | |
| Nova has high historical volatility and very poor performance | |
| Over 78.0% of the company shares are owned by institutional investors |
Additional Information and Resources on Investing in Nova Stock
When determining whether Nova offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nova's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nova Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nova Stock:Check out Nova Backtesting, Nova Valuation, Nova Correlation, Nova Hype Analysis, Nova Volatility, Nova History as well as Nova Performance. For information on how to trade Nova Stock refer to our How to Trade Nova Stock guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.