Novatek Microelectronics (Taiwan) Price on September 30, 2024
| 3034 Stock | TWD 484.00 1.00 0.21% |
If you're considering investing in Novatek Stock, it is important to understand the factors that can impact its price. As of today, the current price of Novatek Microelectronics stands at 484.00, as last reported on the 29th of November, with the highest price reaching 489.00 and the lowest price hitting 477.00 during the day. Novatek Microelectronics has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Novatek Microelectronics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Novatek Microelectronics' Risk Adjusted Performance of (0.08), standard deviation of 1.53, and Mean Deviation of 1.15 to check out the risk estimate we provide.
Novatek Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Novatek |
Sharpe Ratio = -0.1093
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| Negative Returns | 3034 |
Estimated Market Risk
| 1.54 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.17 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Novatek Microelectronics is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Novatek Microelectronics by adding Novatek Microelectronics to a well-diversified portfolio.
Novatek Microelectronics Valuation on September 30, 2024
It is possible to determine the worth of Novatek Microelectronics on a given historical date. On September 30, 2024 Novatek was worth 515.0 at the beginning of the trading date compared to the closed value of 518.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Novatek Microelectronics stock. Still, in general, we apply an absolute valuation method to find Novatek Microelectronics' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Novatek Microelectronics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Novatek Microelectronics' related companies.
| Open | High | Low | Close | Volume | |
| 528.00 | 528.00 | 510.00 | 510.00 | 2,062,746 | |
09/30/2024 | 515.00 | 523.00 | 513.00 | 518.00 | 2,746,710 |
| 518.00 | 523.00 | 517.00 | 517.00 | 2,409,208 |
| Backtest Novatek Microelectronics | | | Novatek Microelectronics History | | | Novatek Microelectronics Valuation | Previous | Next |
Novatek Microelectronics Trading Date Momentum on September 30, 2024
| On October 01 2024 Novatek Microelectronics Corp was traded for 517.00 at the closing time. The highest price during the trading period was 523.00 and the lowest recorded bid was listed for 517.00 . The volume for the day was 2.4 M. This history from October 1, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.19% . The trading delta at closing time to the current price is 1.35% . |
Novatek Microelectronics Fundamentals Correlations and Trends
By evaluating Novatek Microelectronics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Novatek Microelectronics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Novatek financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Novatek Microelectronics Stock history
Novatek Microelectronics investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Novatek is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Novatek Microelectronics will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Novatek Microelectronics stock prices may prove useful in developing a viable investing in Novatek Microelectronics
Novatek Microelectronics Corp. and its subsidiaries research, develop, manufacture, and sell integrated circuit chips for speech, communication, computer peripheral, LCD driver IC system, embedded MCU, DSP, and system applications. Novatek Microelectronics Corp. was founded in 1997 and is headquartered in Hsinchu, Taiwan. NOVATEK MICROELECTRONICS operates under Semiconductors classification in Taiwan and is traded on Taiwan Stock Exchange.
Novatek Microelectronics Stock Technical Analysis
Novatek Microelectronics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Novatek Microelectronics Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Novatek Microelectronics Corp cannot be verified against its exchange. Please verify the symbol is currently traded on Taiwan Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Novatek Microelectronics November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Novatek Microelectronics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Novatek Microelectronics shares will generate the highest return on investment. By undertsting and applying Novatek Microelectronics stock market strength indicators, traders can identify Novatek Microelectronics Corp entry and exit signals to maximize returns
Novatek Microelectronics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Novatek Microelectronics' price direction in advance. Along with the technical and fundamental analysis of Novatek Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Novatek to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | (0.62) |
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Additional Tools for Novatek Stock Analysis
When running Novatek Microelectronics' price analysis, check to measure Novatek Microelectronics' 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 Novatek Microelectronics is operating at the current time. Most of Novatek Microelectronics' value examination focuses on studying past and present price action to predict the probability of Novatek Microelectronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novatek Microelectronics' price. Additionally, you may evaluate how the addition of Novatek Microelectronics to your portfolios can decrease your overall portfolio volatility.