Novatech Industries (France) Price on September 27, 2024
| MLNOV Stock | EUR 10.50 0.00 0.00% |
If you're considering investing in Novatech Stock, it is important to understand the factors that can impact its price. As of today, the current price of Novatech Industries stands at 10.50, as last reported on the 25th of November, with the highest price reaching 10.50 and the lowest price hitting 10.50 during the day. Currently, Novatech Industries SA is slightly risky. Novatech Industries has Sharpe Ratio of 0.0302, which conveys that the firm had a 0.0302% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Novatech Industries, which you can use to evaluate the volatility of the firm. Please verify Novatech Industries' Downside Deviation of 11.66, mean deviation of 1.92, and Risk Adjusted Performance of 0.0385 to check out if the risk estimate we provide is consistent with the expected return of 0.15%.
Novatech Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Novatech |
Sharpe Ratio = 0.0302
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Estimated Market Risk
| 4.96 actual daily | 44 56% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Novatech Industries is performing at about 2% 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 Novatech Industries by adding it to a well-diversified portfolio.
Novatech Industries Valuation on September 27, 2024
It is possible to determine the worth of Novatech Industries on a given historical date. On September 27, 2024 Novatech was worth 9.05 at the beginning of the trading date compared to the closed value of 9.05. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Novatech Industries stock. Still, in general, we apply an absolute valuation method to find Novatech Industries' 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 Novatech Industries where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Novatech Industries' related companies.
| Open | High | Low | Close | Volume | |
| 9.05 | 9.05 | 9.05 | 9.05 | 100.00 | |
09/27/2024 | 9.05 | 9.05 | 9.05 | 9.05 | 139.00 |
| 10.00 | 10.00 | 10.00 | 10.00 | 2.00 |
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Novatech Industries Trading Date Momentum on September 27, 2024
| On September 30 2024 Novatech Industries SA was traded for 10.00 at the closing time. The highest price during the trading period was 10.00 and the lowest recorded bid was listed for 10.00 . There was no trading activity during the period 2.0. Lack of trading volume on September 30, 2024 contributed to the next trading day price gain. The trading delta at closing time to the next closing price was 10.50% . The trading delta at closing time to the current price is 21.55% . |
Novatech Industries Fundamentals Correlations and Trends
By evaluating Novatech Industries' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Novatech Industries' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Novatech financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Novatech Industries Stock history
Novatech Industries 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 Novatech is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Novatech Industries 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 Novatech Industries stock prices may prove useful in developing a viable investing in Novatech Industries
Novatech Industries Stock Technical Analysis
Novatech Industries 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
Novatech Industries Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Novatech Industries SA cannot be verified against its exchange. Please verify the symbol is currently traded on Euronext Paris. 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.
Novatech Industries November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Novatech Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Novatech Industries shares will generate the highest return on investment. By undertsting and applying Novatech Industries stock market strength indicators, traders can identify Novatech Industries SA entry and exit signals to maximize returns
Novatech Industries Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Novatech Industries' price direction in advance. Along with the technical and fundamental analysis of Novatech Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Novatech 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 | 0.0385 | |||
| Jensen Alpha | 0.1134 | |||
| Total Risk Alpha | (0.59) | |||
| Sortino Ratio | 0.0054 | |||
| Treynor Ratio | 0.3171 |
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Additional Tools for Novatech Stock Analysis
When running Novatech Industries' price analysis, check to measure Novatech Industries' 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 Novatech Industries is operating at the current time. Most of Novatech Industries' value examination focuses on studying past and present price action to predict the probability of Novatech Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novatech Industries' price. Additionally, you may evaluate how the addition of Novatech Industries to your portfolios can decrease your overall portfolio volatility.