Novanta Stock Alpha and Beta Analysis
| NOVT Stock | USD 164.03 2.59 1.55% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Novanta. It also helps investors analyze the systematic and unsystematic risks associated with investing in Novanta over a specified time horizon. Remember, high Novanta's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Novanta's market risk premium analysis include:
Beta 1.93 | Alpha (0.37) | Risk 2.14 | Sharpe Ratio (0.03) | Expected Return (0.06) |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Novanta |
Novanta Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Novanta market risk premium is the additional return an investor will receive from holding Novanta long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Novanta. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Novanta's performance over market.| α | -0.37 | β | 1.93 |
Novanta expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Novanta's Buy-and-hold return. Our buy-and-hold chart shows how Novanta performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Novanta Market Price Analysis
Market price analysis indicators help investors to evaluate how Novanta stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Novanta shares will generate the highest return on investment. By understating and applying Novanta stock market price indicators, traders can identify Novanta position entry and exit signals to maximize returns.
Novanta Return and Market Media
The median price of Novanta for the period between Sat, Aug 31, 2024 and Fri, Nov 29, 2024 is 174.17 with a coefficient of variation of 2.78. The daily time series for the period is distributed with a sample standard deviation of 4.82, arithmetic mean of 173.51, and mean deviation of 3.83. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Disposition of 19572 shares by Matthijs Glastra of Novanta subject to Rule 16b-3 | 09/05/2024 |
2 | Acquisition by Burke John Joseph Ii of 1747 shares of Novanta subject to Rule 16b-3 | 09/16/2024 |
3 | Disposition of 252 shares by Robert Buckley of Novanta at 170.52 subject to Rule 16b-3 | 09/20/2024 |
4 | Disposition of 1111 shares by Robert Buckley of Novanta at 14.13 subject to Rule 16b-3 | 09/27/2024 |
5 | Acquisition by Peter Chang of 577 shares of Novanta subject to Rule 16b-3 | 09/30/2024 |
6 | Novanta to Present at the Baird 2024 Global Industrial Conference on Wednesday, November 13, 2024 | 10/15/2024 |
7 | Disposition of 3660 shares by Robert Buckley of Novanta at 14.13 subject to Rule 16b-3 | 11/01/2024 |
8 | Novantas Q3 Sales Top Estimates But Full-Year Sales Guidance Misses Expectations | 11/05/2024 |
9 | Novanta Third Quarter 2024 Earnings EPS Misses Expectations | 11/08/2024 |
10 | Disposition of 900 shares by Matthijs Glastra of Novanta at 183.16 subject to Rule 16b-3 | 11/11/2024 |
11 | Disposition of 1793 shares by Matthijs Glastra of Novanta at 180.48 subject to Rule 16b-3 | 11/13/2024 |
12 | This Insider Has Just Sold Shares In Novanta | 11/15/2024 |
13 | Segall Bryant Hamill LLC Sells 3,915 Shares of Novanta Inc. - MarketBeat | 11/21/2024 |
14 | Loomis Sayles Co. L P Acquires 6,019 Shares of Novanta Inc. | 11/26/2024 |
About Novanta Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Novanta or other stocks. Alpha measures the amount that position in Novanta has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 59.71 | 58.38 | 57.71 | 78.43 | PTB Ratio | 11.97 | 8.39 | 8.96 | 9.41 |
Novanta Upcoming Company Events
As portrayed in its financial statements, the presentation of Novanta's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Novanta's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Novanta's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Novanta. Please utilize our Beneish M Score to check the likelihood of Novanta's management manipulating its earnings.
| 28th of February 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 6th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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Additional 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.