Novavis Group (Poland) Price on October 30, 2023
| NVG Stock | 1.66 0.01 0.60% |
If you're considering investing in Novavis Stock, it is important to understand the factors that can impact its price. As of today, the current price of Novavis Group stands at 1.66, as last reported on the 30th of November, with the highest price reaching 1.67 and the lowest price hitting 1.61 during the day. Novavis Group SA 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. Novavis Group exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Novavis Group's Mean Deviation of 1.2, standard deviation of 1.56, and Risk Adjusted Performance of (0.13) to check out the risk estimate we provide.
Novavis Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Novavis |
Sharpe Ratio = -0.1827
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Estimated Market Risk
| 1.55 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.28 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Novavis Group 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 Novavis Group by adding Novavis Group to a well-diversified portfolio.
Novavis Group Valuation on October 30, 2023
It is possible to determine the worth of Novavis Group on a given historical date. On October 30, 2023 Novavis was worth 2.11 at the beginning of the trading date compared to the closed value of 2.09. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Novavis Group stock. Still, in general, we apply an absolute valuation method to find Novavis Group'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 Novavis Group where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Novavis Group's related companies.
| Open | High | Low | Close | Volume | |
| 2.11 | 2.32 | 2.05 | 2.17 | 47,922 | |
10/30/2023 | 2.11 | 2.16 | 2.08 | 2.09 | 9,166 |
| 2.09 | 2.12 | 2.05 | 2.12 | 9,836 |
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Novavis Group Trading Date Momentum on October 30, 2023
| On October 31 2023 Novavis Group SA was traded for 2.12 at the closing time. The highest price during the trading period was 2.12 and the lowest recorded bid was listed for 2.05 . The volume for the day was 9.8 K. This history from October 31, 2023 contributed to the next trading day price gain. The trading delta at closing time to the next closing price was 1.44% . The trading delta at closing time to the current price is 1.91% . |
Novavis Group SA Fundamentals Correlations and Trends
By evaluating Novavis Group'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 Novavis Group's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Novavis financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Novavis Group Stock history
Novavis Group 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 Novavis is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Novavis Group SA 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 Novavis Group stock prices may prove useful in developing a viable investing in Novavis Group
Novavis Group Stock Technical Analysis
Novavis Group 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
Novavis Group Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Novavis Group SA cannot be verified against its exchange. Please verify the symbol is currently traded on Warsaw 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.
Novavis Group November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Novavis Group stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Novavis Group shares will generate the highest return on investment. By undertsting and applying Novavis Group stock market strength indicators, traders can identify Novavis Group SA entry and exit signals to maximize returns
Novavis Group Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Novavis Group's price direction in advance. Along with the technical and fundamental analysis of Novavis Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Novavis 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 | (0.13) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | 1.37 |
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Additional Tools for Novavis Stock Analysis
When running Novavis Group's price analysis, check to measure Novavis Group'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 Novavis Group is operating at the current time. Most of Novavis Group's value examination focuses on studying past and present price action to predict the probability of Novavis Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novavis Group's price. Additionally, you may evaluate how the addition of Novavis Group to your portfolios can decrease your overall portfolio volatility.