Nova Stock Price on November 7, 2024

NVMI Stock  USD 179.72  5.54  3.18%   
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 stands at 179.72, as last reported on the 22nd of November, with the highest price reaching 181.42 and the lowest price hitting 174.14 during the day. Nova has Sharpe Ratio of -0.0676, which conveys that the firm had a -0.0676% return per unit of risk over the last 3 months. Nova exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nova's Standard Deviation of 3.57, mean deviation of 2.52, and Risk Adjusted Performance of (0.04) to check out the risk estimate we provide.
  
Nova Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0676

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Estimated Market Risk

 3.57
  actual daily
31
69% of assets are more volatile

Expected Return

 -0.24
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.07
  actual daily
0
Most of other assets perform better
Based on monthly moving average Nova 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 Nova by adding Nova to a well-diversified portfolio.

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Nova Valuation on November 7, 2024

It is possible to determine the worth of Nova on a given historical date. On November 7, 2024 Nova was worth 203.99 at the beginning of the trading date compared to the closed value of 206.37. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nova stock. Still, in general, we apply an absolute valuation method to find Nova'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 where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nova's related companies.
 Open High Low Close Volume
  185.88    191.64    185.88    191.31    272,677  
11/07/2024
  203.99    207.43    192.63    206.37    409,501  
  207.11    208.00    196.19    197.68    336,271  
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Open Value
203.99
193.27
Downside
206.37
Closing Value
214.71
Upside

Nova Trading Date Momentum on November 7, 2024

On November 08 2024 Nova was traded for  197.68  at the closing time. The top price for the day was 208.00  and the lowest listed price was  196.19 . The trading volume for the day was 336.3 K. The trading history from November 8, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 4.21% . The trading delta at closing time against the current closing price is 12.95% .

Nova Fundamentals Correlations and Trends

By evaluating Nova'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'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 Stock history

Nova 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 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 stock prices may prove useful in developing a viable investing in Nova
Nova Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationally. The company was incorporated in 1993 and is headquartered in Rehovot, Israel. Nova operates under Semiconductor Equipment Materials classification in the United States and is traded on NASDAQ Exchange. It employs 819 people.

Nova Stock Technical Analysis

Nova 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.
A focus of Nova technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nova trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Nova Period Price Range

Low
November 22, 2024
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High

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Nova cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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 November 22, 2024 Market Strength

Market strength indicators help investors to evaluate how Nova 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 shares will generate the highest return on investment. By undertsting and applying Nova stock market strength indicators, traders can identify Nova entry and exit signals to maximize returns

Nova Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Nova'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.

Complementary Tools for Nova Stock analysis

When running Nova's price analysis, check to measure Nova'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 is operating at the current time. Most of Nova's value examination focuses on studying past and present price action to predict the probability of Nova'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's price. Additionally, you may evaluate how the addition of Nova to your portfolios can decrease your overall portfolio volatility.
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