Nova Technology (Taiwan) Performance
| 6613 Stock | 186.50 7.00 3.62% |
On a scale of 0 to 100, Nova Technology holds a performance score of 17. The company secures a Beta (Market Risk) of -0.33, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Nova Technology are expected to decrease at a much lower rate. During the bear market, Nova Technology is likely to outperform the market. Please check Nova Technology's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Nova Technology's current price movements will revert.
Risk-Adjusted Performance
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Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Nova Technology are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, Nova Technology showed solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 1.7 B | |
| Total Cashflows From Investing Activities | 13 M |
Nova |
Nova Technology Relative Risk vs. Return Landscape
If you would invest 15,200 in Nova Technology on August 29, 2024 and sell it today you would earn a total of 4,400 from holding Nova Technology or generate 28.95% return on investment over 90 days. Nova Technology is generating 0.4362% of daily returns and assumes 1.9568% volatility on return distribution over the 90 days horizon. Simply put, 17% of stocks are less volatile than Nova, and 92% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Nova Technology Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nova Technology's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Nova Technology, and traders can use it to determine the average amount a Nova Technology'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 = 0.2229
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 6613 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.96 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.44 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 17 83% of assets perform better |
Based on monthly moving average Nova Technology is performing at about 17% 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 Fundamentals Growth
Nova Stock prices reflect investors' perceptions of the future prospects and financial health of Nova Technology, and Nova Technology 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 Nova Stock performance.
| Return On Equity | 0.34 | |||
| Return On Asset | 0.1 | |||
| Profit Margin | 0.10 % | |||
| Operating Margin | 0.14 % | |||
| Current Valuation | 4.96 B | |||
| Shares Outstanding | 67.86 M | |||
| Price To Book | 2.18 X | |||
| Price To Sales | 0.76 X | |||
| Revenue | 6.26 B | |||
| EBITDA | 927.15 M | |||
| Book Value Per Share | 42.00 X | |||
| Cash Flow From Operations | 613.75 M | |||
| Earnings Per Share | 12.30 X | |||
| Total Asset | 6.63 B | |||
About Nova Technology Performance
Evaluating Nova Technology's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Nova Technology 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 Nova Technology has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Things to note about Nova Technology performance evaluation
Checking the ongoing alerts about Nova Technology for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Nova Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| About 68.0% of the company shares are owned by insiders or employees |
- Analyzing Nova Technology'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 Nova Technology's stock is overvalued or undervalued compared to its peers.
- Examining Nova Technology'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 Nova Technology's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nova Technology's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Nova Technology's stock. These opinions can provide insight into Nova Technology's potential for growth and whether the stock is currently undervalued or overvalued.
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.