Nova Technology (Taiwan) Buy Hold or Sell Recommendation
| 6613 Stock | 186.50 7.00 3.62% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Nova Technology is 'Cautious Hold'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Nova Technology given historical horizon and risk tolerance towards Nova Technology. When Macroaxis issues a 'buy' or 'sell' recommendation for Nova Technology, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Nova Technology Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Nova and provide practical buy, sell, or hold advice based on investors' constraints. Nova Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Nova |
Execute Nova Technology Buy or Sell Advice
The Nova recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Nova Technology. Macroaxis does not own or have any residual interests in Nova Technology or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Nova Technology's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost neglects market trends | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Nova Technology Trading Alerts and Improvement Suggestions
| About 68.0% of the company shares are owned by insiders or employees |
Nova Technology Returns Distribution Density
The distribution of Nova Technology's historical returns is an attempt to chart the uncertainty of Nova Technology's future price movements. The chart of the probability distribution of Nova Technology daily returns describes the distribution of returns around its average expected value. We use Nova Technology price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Nova Technology returns is essential to provide solid investment advice for Nova Technology.
| Mean Return | 0.41 | Value At Risk | -1.81 | Potential Upside | 3.62 | Standard Deviation | 1.90 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Nova Technology historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Nova Technology Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Nova Technology or Industrials sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Nova Technology's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Nova stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.44 | |
β | Beta against Dow Jones | -0.33 | |
σ | Overall volatility | 1.96 | |
Ir | Information ratio | 0.15 |
Nova Technology Volatility Alert
Nova Technology has relatively low volatility with skewness of 0.8 and kurtosis of 2.33. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Nova Technology's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Nova Technology's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Nova Technology Fundamentals Vs Peers
Comparing Nova Technology's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Nova Technology's direct or indirect competition across all of the common fundamentals between Nova Technology and the related equities. This way, we can detect undervalued stocks with similar characteristics as Nova Technology or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Nova Technology's fundamental indicators could also be used in its relative valuation, which is a method of valuing Nova Technology by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Nova Technology to competition |
| Fundamentals | Nova Technology | Peer Average |
| Return On Equity | 0.34 | -0.31 |
| Return On Asset | 0.1 | -0.14 |
| Profit Margin | 0.10 % | (1.27) % |
| Operating Margin | 0.14 % | (5.51) % |
| Current Valuation | 4.96 B | 16.62 B |
| Shares Outstanding | 67.86 M | 571.82 M |
| Shares Owned By Insiders | 68.28 % | 10.09 % |
| Shares Owned By Institutions | 1.05 % | 39.21 % |
| Price To Book | 2.18 X | 9.51 X |
| Price To Sales | 0.76 X | 11.42 X |
| Revenue | 6.26 B | 9.43 B |
| Gross Profit | 1.39 B | 27.38 B |
| EBITDA | 927.15 M | 3.9 B |
| Net Income | 568.25 M | 570.98 M |
| Book Value Per Share | 42.00 X | 1.93 K |
| Cash Flow From Operations | 613.75 M | 971.22 M |
| Earnings Per Share | 12.30 X | 3.12 X |
| Number Of Employees | 5 | 18.84 K |
| Beta | 0.44 | -0.15 |
| Market Capitalization | 6.62 B | 19.03 B |
| Total Asset | 6.63 B | 29.47 B |
| Annual Yield | 0.02 % | |
| Net Asset | 6.63 B | |
| Last Dividend Paid | 8.0 |
Nova Technology Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Nova . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 9767.28 | |||
| Daily Balance Of Power | (0.93) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 190.25 | |||
| Day Typical Price | 189.0 | |||
| Price Action Indicator | (7.25) | |||
| Period Momentum Indicator | (7.00) |
About Nova Technology Buy or Sell Advice
When is the right time to buy or sell Nova Technology? Buying financial instruments such as Nova Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Nova Technology in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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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.