Novita SA (Poland) Technical Analysis
| NVT Stock | 121.50 1.00 0.83% |
As of the 29th of November, Novita SA secures the Mean Deviation of 1.02, downside deviation of 1.36, and Risk Adjusted Performance of 0.1183. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Novita SA, as well as the relationship between them. Please verify Novita SA jensen alpha and downside variance to decide if Novita SA is priced some-what accurately, providing market reflects its recent price of 121.5 per share.
Novita SA Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Novita, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NovitaNovita |
Novita SA 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.
Novita SA Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Novita SA volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Novita SA Trend Analysis
Use this graph to draw trend lines for Novita SA. You can use it to identify possible trend reversals for Novita SA 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 Novita SA price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Novita SA Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Novita SA applied against its price change over selected period. The best fit line has a slop of 0.18 , which means Novita SA will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1287.48, which is the sum of squared deviations for the predicted Novita SA price change compared to its average price change.About Novita SA 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 Novita SA 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 Novita SA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Novita SA price pattern first instead of the macroeconomic environment surrounding Novita SA. By analyzing Novita SA'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 Novita SA'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 Novita SA specific price patterns or momentum indicators. Please read more on our technical analysis page.
Novita SA November 29, 2024 Technical Indicators
Most technical analysis of Novita 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 Novita from various momentum indicators to cycle indicators. When you analyze Novita 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.
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| Risk Adjusted Performance | 0.1183 | |||
| Market Risk Adjusted Performance | (2.75) | |||
| Mean Deviation | 1.02 | |||
| Semi Deviation | 0.8852 | |||
| Downside Deviation | 1.36 | |||
| Coefficient Of Variation | 672.36 | |||
| Standard Deviation | 1.36 | |||
| Variance | 1.84 | |||
| Information Ratio | 0.0563 | |||
| Jensen Alpha | 0.1998 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0563 | |||
| Treynor Ratio | (2.76) | |||
| Maximum Drawdown | 6.47 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 2.74 | |||
| Downside Variance | 1.84 | |||
| Semi Variance | 0.7836 | |||
| Expected Short fall | (1.50) | |||
| Skewness | 0.5817 | |||
| Kurtosis | 0.6957 |
Additional Tools for Novita Stock Analysis
When running Novita SA's price analysis, check to measure Novita SA'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 Novita SA is operating at the current time. Most of Novita SA's value examination focuses on studying past and present price action to predict the probability of Novita SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novita SA's price. Additionally, you may evaluate how the addition of Novita SA to your portfolios can decrease your overall portfolio volatility.