Novanta Stock Technical Analysis
| NOVT Stock | USD 134.54 0.00 0.00% |
As of the 31st of January, Novanta secures the Downside Deviation of 4.35, risk adjusted performance of 0.0478, and Mean Deviation of 2.24. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Novanta, as well as the relationship between them.
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's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.Novanta Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 154.0 | Buy | 4 | Odds |
Most Novanta analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Novanta stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Novanta, talking to its executives and customers, or listening to Novanta conference calls.
Is there potential for Electronic Equipment, Instruments & Components market expansion? Will Novanta introduce new products? Factors like these will boost the valuation of Novanta. Anticipated expansion of Novanta directly elevates investor willingness to pay premium valuations. Understanding fair value requires weighing current performance against future potential. All the valuation information about Novanta listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.44) | Earnings Share 1.46 | Revenue Per Share | Quarterly Revenue Growth 0.014 | Return On Assets |
Understanding Novanta requires distinguishing between market price and book value, where the latter reflects Novanta's accounting equity. The concept of intrinsic value—what Novanta's is actually worth based on fundamentals—guides informed investors toward better entry and exit points. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Market sentiment, economic cycles, and investor behavior can push Novanta's price substantially above or below its fundamental value.
It's important to distinguish between Novanta's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Novanta should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. In contrast, Novanta's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.
Novanta 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Novanta's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Novanta.
| 11/02/2025 |
| 01/31/2026 |
If you would invest 0.00 in Novanta on November 2, 2025 and sell it all today you would earn a total of 0.00 from holding Novanta or generate 0.0% return on investment in Novanta over 90 days. Novanta is related to or competes with Itron, OSI Systems, Sensata Technologies, Vicor, Badger Meter, ESCO Technologies, and Vontier Corp. Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision... More
Novanta Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Novanta's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Novanta upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.35 | |||
| Information Ratio | 0.0383 | |||
| Maximum Drawdown | 26.0 | |||
| Value At Risk | (4.57) | |||
| Potential Upside | 6.97 |
Novanta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Novanta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Novanta's standard deviation. In reality, there are many statistical measures that can use Novanta historical prices to predict the future Novanta's volatility.| Risk Adjusted Performance | 0.0478 | |||
| Jensen Alpha | 0.0817 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0329 | |||
| Treynor Ratio | 0.0885 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Novanta's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Novanta January 31, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0478 | |||
| Market Risk Adjusted Performance | 0.0985 | |||
| Mean Deviation | 2.24 | |||
| Semi Deviation | 4.1 | |||
| Downside Deviation | 4.35 | |||
| Coefficient Of Variation | 1825.46 | |||
| Standard Deviation | 3.73 | |||
| Variance | 13.91 | |||
| Information Ratio | 0.0383 | |||
| Jensen Alpha | 0.0817 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0329 | |||
| Treynor Ratio | 0.0885 | |||
| Maximum Drawdown | 26.0 | |||
| Value At Risk | (4.57) | |||
| Potential Upside | 6.97 | |||
| Downside Variance | 18.95 | |||
| Semi Variance | 16.85 | |||
| Expected Short fall | (2.20) | |||
| Skewness | (1.55) | |||
| Kurtosis | 11.39 |
Novanta Backtested Returns
Currently, Novanta is very steady. Novanta has Sharpe Ratio of 0.0152, which conveys that the firm had a 0.0152 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Novanta, which you can use to evaluate the volatility of the firm. Please verify Novanta's Risk Adjusted Performance of 0.0478, mean deviation of 2.24, and Downside Deviation of 4.35 to check out if the risk estimate we provide is consistent with the expected return of 0.0575%. Novanta has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 2.2, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Novanta will likely underperform. Novanta right now secures a risk of 3.77%. Please verify Novanta sortino ratio, semi variance, as well as the relationship between the Semi Variance and day median price , to decide if Novanta will be following its current price movements.
Auto-correlation | 0.32 |
Below average predictability
Novanta has below average predictability. Overlapping area represents the amount of predictability between Novanta time series from 2nd of November 2025 to 17th of December 2025 and 17th of December 2025 to 31st of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Novanta price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Novanta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 69.52 |
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 twenty-four with a total number of output elements of thirty-seven. 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.
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.
| 2023 | 2024 | 2025 | 2026 (projected) | Days Sales Outstanding | 57.71 | 58.07 | 66.78 | 82.16 | PTB Ratio | 8.96 | 7.37 | 6.63 | 6.96 |
Novanta January 31, 2026 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 | 0.0478 | |||
| Market Risk Adjusted Performance | 0.0985 | |||
| Mean Deviation | 2.24 | |||
| Semi Deviation | 4.1 | |||
| Downside Deviation | 4.35 | |||
| Coefficient Of Variation | 1825.46 | |||
| Standard Deviation | 3.73 | |||
| Variance | 13.91 | |||
| Information Ratio | 0.0383 | |||
| Jensen Alpha | 0.0817 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0329 | |||
| Treynor Ratio | 0.0885 | |||
| Maximum Drawdown | 26.0 | |||
| Value At Risk | (4.57) | |||
| Potential Upside | 6.97 | |||
| Downside Variance | 18.95 | |||
| Semi Variance | 16.85 | |||
| Expected Short fall | (2.20) | |||
| Skewness | (1.55) | |||
| Kurtosis | 11.39 |
Novanta January 31, 2026 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Novanta stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 0.05 | ||
| Daily Balance Of Power | 0.00 | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 138.18 | ||
| Day Typical Price | 136.96 | ||
| Price Action Indicator | (3.64) | ||
| Market Facilitation Index | 7.27 |
Additional 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.