Nova Technology (Taiwan) Price on November 29, 2023
| 6613 Stock | 190.50 0.50 0.26% |
If you're considering investing in Nova Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nova Technology stands at 190.50, as last reported on the 11th of December 2024, with the highest price reaching 193.50 and the lowest price hitting 188.00 during the day. Nova Technology appears to be very steady, given 3 months investment horizon. Nova Technology has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nova Technology, which you can use to evaluate the volatility of the firm. Please exercise Nova Technology's Risk Adjusted Performance of 0.135, mean deviation of 1.23, and Downside Deviation of 1.48 to check out if our risk estimates are consistent with your expectations.
Nova Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nova |
Sharpe Ratio = 0.1758
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 6613 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.74 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.31 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average Nova Technology is performing at about 13% of its full potential. 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 Nova Technology by adding it to a well-diversified portfolio.
Nova Technology Valuation on November 29, 2023
It is possible to determine the worth of Nova Technology on a given historical date. On November 29, 2023 Nova was worth 123.71 at the beginning of the trading date compared to the closed value of 123.71. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nova Technology stock. Still, in general, we apply an absolute valuation method to find Nova Technology's 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 Nova Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nova Technology's related companies.
| Open | High | Low | Close | Volume | |
| 122.77 | 123.71 | 122.77 | 123.24 | 107,000 | |
11/29/2023 | 123.71 | 124.18 | 123.24 | 123.71 | 171,000 |
| 125.12 | 127.47 | 123.71 | 124.65 | 442,000 |
| Backtest Nova Technology | | | Nova Technology History | | | Nova Technology Valuation | Previous | Next |
Nova Technology Trading Date Momentum on November 29, 2023
| On November 30 2023 Nova Technology was traded for 124.65 at the closing time. The highest price during the trading period was 127.47 and the lowest recorded bid was listed for 123.71 . The volume for the day was 442 K. This history from November 30, 2023 contributed to the next trading day price increase. The daily price change to the next closing price was 0.76% . The trading delta at closing time to the current price is 2.28% . |
Nova Technology Fundamentals Correlations and Trends
By evaluating Nova Technology's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nova Technology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nova financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nova Technology Stock history
Nova Technology 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 Nova is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nova Technology 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 Nova Technology stock prices may prove useful in developing a viable investing in Nova Technology
Nova Technology Stock Technical Analysis
Nova Technology 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
Nova Technology Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Nova Technology cannot be verified against its exchange. Please verify the symbol is currently traded on Taiwan OTC 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.
Nova Technology December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Nova Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nova Technology shares will generate the highest return on investment. By undertsting and applying Nova Technology stock market strength indicators, traders can identify Nova Technology entry and exit signals to maximize returns
Nova Technology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nova Technology's price direction in advance. Along with the technical and fundamental analysis of Nova Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nova 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 | 0.135 | |||
| Jensen Alpha | 0.2739 | |||
| Total Risk Alpha | 0.0253 | |||
| Sortino Ratio | 0.1239 | |||
| Treynor Ratio | 1.42 |
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| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.