Novanta (Germany) Market Value
| 1GSN Stock | EUR 108.00 1.00 0.93% |
| Symbol | Novanta |
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.
| 04/22/2025 |
| 07/21/2025 |
If you would invest 0.00 in Novanta on April 22, 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 Keyence, Keysight Technologies, HEXAGON AB, Fortive, Teledyne Technologies, Trimble, and Cognex. 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 | 2.09 | |||
| Information Ratio | (0.001) | |||
| Maximum Drawdown | 10.84 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 3.85 |
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 | 0.0665 | |||
| Jensen Alpha | 0.1324 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.001) | |||
| Treynor Ratio | (4.63) |
Novanta Backtested Returns
Novanta appears to be very steady, given 3 months investment horizon. Novanta has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Novanta, which you can use to evaluate the volatility of the firm. Please exercise Novanta's Mean Deviation of 1.59, downside deviation of 2.09, and Risk Adjusted Performance of 0.0665 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Novanta holds a performance score of 8. The company secures a Beta (Market Risk) of -0.0278, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Novanta are expected to decrease at a much lower rate. During the bear market, Novanta is likely to outperform the market. Please check Novanta's information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Novanta's current price movements will revert.
Auto-correlation | 0.10 |
Insignificant predictability
Novanta has insignificant predictability. Overlapping area represents the amount of predictability between Novanta time series from 22nd of April 2025 to 6th of June 2025 and 6th of June 2025 to 21st of July 2025. 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 0.1 indicates that less than 10.0% of current Novanta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 6.65 |
Novanta lagged returns against current returns
Autocorrelation, which is Novanta stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Novanta's stock expected returns. We can calculate the autocorrelation of Novanta returns to help us make a trade decision. For example, suppose you find that Novanta has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Novanta regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Novanta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Novanta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Novanta stock over time.
Current vs Lagged Prices |
| Timeline |
Novanta Lagged Returns
When evaluating Novanta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Novanta stock have on its future price. Novanta autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Novanta autocorrelation shows the relationship between Novanta stock current value and its past values and can show if there is a momentum factor associated with investing in Novanta.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Novanta Stock
When determining whether Novanta is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Novanta Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Novanta Stock. Highlighted below are key reports to facilitate an investment decision about Novanta Stock:Check out Novanta Correlation, Novanta Volatility and Novanta Alpha and Beta module to complement your research on Novanta. For more detail on how to invest in Novanta Stock please use our How to Invest in Novanta guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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.