Novanta Stock Forecast - Maximum Drawdown
| NOVT Stock | USD 166.98 2.95 1.80% |
Novanta Stock Forecast is based on your current time horizon.
Novanta |
Open Interest Against 2024-12-20 Novanta Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Novanta's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Novanta's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Novanta stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Novanta's open interest, investors have to compare it to Novanta's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Novanta is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Novanta. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
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Novanta Trading Date Momentum
| On November 27 2024 Novanta was traded for 164.03 at the closing time. The top price for the day was 168.06 and the lowest listed price was 163.61 . The trading volume for the day was 168.5 K. The trading history from November 27, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.55% . The trading delta at closing time against the current closing price is 0.68% . |
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Other Forecasting Options for Novanta
For every potential investor in Novanta, whether a beginner or expert, Novanta's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Novanta Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Novanta. Basic forecasting techniques help filter out the noise by identifying Novanta's price trends.Novanta 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 Novanta stock to make a market-neutral strategy. Peer analysis of Novanta could also be used in its relative valuation, which is a method of valuing Novanta by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Novanta Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Novanta's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Novanta's current price.| Cycle Indicators | ||
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Novanta Market Strength Events
Market strength 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 undertsting and applying Novanta stock market strength indicators, traders can identify Novanta entry and exit signals to maximize returns.
Novanta Risk Indicators
The analysis of Novanta's 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 Novanta's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting novanta 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 | 1.47 | |||
| Standard Deviation | 2.22 | |||
| Variance | 4.92 |
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.
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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.