Novonix Stock Technical Analysis
| NVNXF Stock | USD 0.25 0.02 7.41% |
As of the 29th of January, Novonix secures the Risk Adjusted Performance of (0.08), mean deviation of 5.4, and Standard Deviation of 6.98. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Novonix, as well as the relationship between them. Please verify Novonix market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Novonix is priced some-what accurately, providing market reflects its recent price of 0.25 per share. As Novonix appears to be a penny stock we also strongly suggest to check its jensen alpha numbers.
Novonix Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Novonix, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NovonixNovonix |
Novonix '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 Novonix's pink sheet 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 Novonix.
| 10/31/2025 |
| 01/29/2026 |
If you would invest 0.00 in Novonix on October 31, 2025 and sell it all today you would earn a total of 0.00 from holding Novonix or generate 0.0% return on investment in Novonix over 90 days. Novonix is related to or competes with Alfen NV, W SCOPE, PowerCell Sweden, AFC Energy, Velan, and China High. Novonix Limited develops and supplies battery materials, equipment, and services to the lithium-ion battery market in No... More
Novonix 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 Novonix's pink sheet 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 Novonix upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 36.17 | |||
| Value At Risk | (12.82) | |||
| Potential Upside | 10.71 |
Novonix Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Novonix's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Novonix's standard deviation. In reality, there are many statistical measures that can use Novonix historical prices to predict the future Novonix's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.94) | |||
| Total Risk Alpha | (1.43) | |||
| Treynor Ratio | (0.43) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Novonix'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.
Novonix January 29, 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 | (0.08) | |||
| Market Risk Adjusted Performance | (0.42) | |||
| Mean Deviation | 5.4 | |||
| Coefficient Of Variation | (869.07) | |||
| Standard Deviation | 6.98 | |||
| Variance | 48.71 | |||
| Information Ratio | (0.13) | |||
| Jensen Alpha | (0.94) | |||
| Total Risk Alpha | (1.43) | |||
| Treynor Ratio | (0.43) | |||
| Maximum Drawdown | 36.17 | |||
| Value At Risk | (12.82) | |||
| Potential Upside | 10.71 | |||
| Skewness | 0.1495 | |||
| Kurtosis | 0.1727 |
Novonix Backtested Returns
Novonix has Sharpe Ratio of -0.0577, which conveys that the firm had a -0.0577 % return per unit of risk over the last 3 months. Novonix exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Novonix's Mean Deviation of 5.4, risk adjusted performance of (0.08), and Standard Deviation of 6.98 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 1.91, 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, Novonix will likely underperform. At this point, Novonix has a negative expected return of -0.39%. Please make sure to verify Novonix's value at risk, daily balance of power, as well as the relationship between the Daily Balance Of Power and period momentum indicator , to decide if Novonix performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.43 |
Modest reverse predictability
Novonix has modest reverse predictability. Overlapping area represents the amount of predictability between Novonix time series from 31st of October 2025 to 15th of December 2025 and 15th of December 2025 to 29th 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 Novonix price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Novonix price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Novonix technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Novonix 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 Novonix volatility. High ATR values indicate high volatility, and low values indicate low volatility.
About Novonix 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 Novonix 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 Novonix based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Novonix price pattern first instead of the macroeconomic environment surrounding Novonix. By analyzing Novonix'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 Novonix'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 Novonix specific price patterns or momentum indicators. Please read more on our technical analysis page.
Novonix January 29, 2026 Technical Indicators
Most technical analysis of Novonix 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 Novonix from various momentum indicators to cycle indicators. When you analyze Novonix 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 | (0.08) | |||
| Market Risk Adjusted Performance | (0.42) | |||
| Mean Deviation | 5.4 | |||
| Coefficient Of Variation | (869.07) | |||
| Standard Deviation | 6.98 | |||
| Variance | 48.71 | |||
| Information Ratio | (0.13) | |||
| Jensen Alpha | (0.94) | |||
| Total Risk Alpha | (1.43) | |||
| Treynor Ratio | (0.43) | |||
| Maximum Drawdown | 36.17 | |||
| Value At Risk | (12.82) | |||
| Potential Upside | 10.71 | |||
| Skewness | 0.1495 | |||
| Kurtosis | 0.1727 |
Novonix January 29, 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 Novonix 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 | 3,035 | ||
| Daily Balance Of Power | (0.67) | ||
| Rate Of Daily Change | 0.93 | ||
| Day Median Price | 0.27 | ||
| Day Typical Price | 0.26 | ||
| Price Action Indicator | (0.03) |
Complementary Tools for Novonix Pink Sheet analysis
When running Novonix's price analysis, check to measure Novonix'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 Novonix is operating at the current time. Most of Novonix's value examination focuses on studying past and present price action to predict the probability of Novonix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novonix's price. Additionally, you may evaluate how the addition of Novonix to your portfolios can decrease your overall portfolio volatility.
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