Novanta (Germany) Performance
| 1GSN Stock | EUR 159.00 6.00 3.64% |
The company secures a Beta (Market Risk) of 0.0757, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Novanta's returns are expected to increase less than the market. However, during the bear market, the loss of holding Novanta is expected to be smaller as well. At this point, Novanta has a negative expected return of -0.0284%. Please make sure to verify Novanta's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Novanta performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days Novanta has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Novanta is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
| Begin Period Cash Flow | 125.1 M | |
| Total Cashflows From Investing Activities | -306.7 M |
Novanta |
Novanta Relative Risk vs. Return Landscape
If you would invest 16,400 in Novanta on August 30, 2024 and sell it today you would lose (500.00) from holding Novanta or give up 3.05% of portfolio value over 90 days. Novanta is producing return of less than zero assuming 2.0239% volatility of returns over the 90 days investment horizon. Simply put, 18% of all stocks have less volatile historical return distribution than Novanta, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Novanta Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Novanta's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Novanta, and traders can use it to determine the average amount a Novanta's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.014
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 1GSN |
Estimated Market Risk
| 2.02 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Novanta 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 Novanta by adding Novanta to a well-diversified portfolio.
Novanta Fundamentals Growth
Novanta Stock prices reflect investors' perceptions of the future prospects and financial health of Novanta, and Novanta fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Novanta Stock performance.
| Return On Equity | 0.14 | |||
| Return On Asset | 0.0534 | |||
| Current Valuation | 5.53 B | |||
| Shares Outstanding | 35.69 M | |||
| Price To Earning | 134.04 X | |||
| Price To Book | 9.99 X | |||
| Price To Sales | 5.73 X | |||
| Revenue | 706.79 M | |||
| EBITDA | 125.47 M | |||
| Cash And Equivalents | 125.05 M | |||
| Cash Per Share | 3.54 X | |||
| Total Debt | 429.36 M | |||
| Debt To Equity | 0.53 % | |||
| Book Value Per Share | 15.19 X | |||
| Cash Flow From Operations | 94.62 M | |||
| Earnings Per Share | 1.91 X | |||
| Total Asset | 1.23 B | |||
About Novanta Performance
By analyzing Novanta's fundamental ratios, stakeholders can gain valuable insights into Novanta's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Novanta has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Novanta has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in the medical and industrial markets worldwide. Novanta Inc. was founded in 1968 and is headquartered in Bedford, Massachusetts. NOVANTA INC operates under Scientific Technical Instruments classification in Germany and is traded on Frankfurt Stock Exchange. It employs 2200 people.Things to note about Novanta performance evaluation
Checking the ongoing alerts about Novanta for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Novanta help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Novanta generated a negative expected return over the last 90 days | |
| Over 99.0% of the company shares are owned by institutions such as pension funds |
- Analyzing Novanta's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Novanta's stock is overvalued or undervalued compared to its peers.
- Examining Novanta's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Novanta's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Novanta's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Novanta's stock. These opinions can provide insight into Novanta's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Novanta Stock analysis
When running Novanta's price analysis, check to measure Novanta'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 Novanta is operating at the current time. Most of Novanta's value examination focuses on studying past and present price action to predict the probability of Novanta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novanta's price. Additionally, you may evaluate how the addition of Novanta to your portfolios can decrease your overall portfolio volatility.
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges |