Novanta (Germany) Technical Analysis
| 1GSN Stock | EUR 158.00 1.00 0.64% |
As of the 24th of November, Novanta secures the Mean Deviation of 1.3, standard deviation of 1.91, and Risk Adjusted Performance of (0.01). Novanta technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the firm's future prices. Please verify Novanta information ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk to decide if Novanta is priced some-what accurately, providing market reflects its recent price of 158.0 per share.
Novanta Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Novanta, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NovantaNovanta |
Novanta 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.
Novanta Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Novanta volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Novanta Trend Analysis
Use this graph to draw trend lines for Novanta. You can use it to identify possible trend reversals for Novanta as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Novanta price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Novanta Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Novanta applied against its price change over selected period. The best fit line has a slop of 0.11 , which means Novanta will continue generating value for investors. It has 122 observation points and a regression sum of squares at 424.33, which is the sum of squared deviations for the predicted Novanta price change compared to its average price change.About Novanta Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Novanta on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Novanta based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Novanta price pattern first instead of the macroeconomic environment surrounding Novanta. By analyzing Novanta's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Novanta's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Novanta specific price patterns or momentum indicators. Please read more on our technical analysis page.
Novanta November 24, 2024 Technical Indicators
Most technical analysis of Novanta help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Novanta from various momentum indicators to cycle indicators. When you analyze Novanta charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (1.04) | |||
| Mean Deviation | 1.3 | |||
| Coefficient Of Variation | (4,918) | |||
| Standard Deviation | 1.91 | |||
| Variance | 3.63 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (1.05) | |||
| Maximum Drawdown | 10.22 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 2.56 | |||
| Skewness | 0.957 | |||
| Kurtosis | 5.39 |
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.
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