Novanta (Germany) Analysis

Novanta Stock Analysis Notes

About 99.0% of the company shares are owned by institutions such as pension funds. The company has Price/Earnings (P/E) ratio of 134.04. Novanta had not issued any dividends in recent years. Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in the medical and industrial markets worldwide. Novanta Inc. was founded in 1968 and is headquartered in Bedford, Massachusetts. NOVANTA INC operates under Scientific Technical Instruments classification in Germany and is traded on Frankfurt Stock Exchange. It employs 2200 people. For more info on Novanta please contact Matthijs Glastra at 781 266 5700 or go to https://www.novanta.com.

Novanta Investment Alerts

Novanta Market Capitalization

The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.91 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Novanta's market, we take the total number of its shares issued and multiply it by Novanta's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Technical Drivers

As of the 23rd of July, Novanta secures the Mean Deviation of 1.59, risk adjusted performance of 0.0646, and Downside Deviation of 2.09. 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 standard deviation, information ratio, treynor ratio, as well as the relationship between the variance and jensen alpha to decide if Novanta is priced some-what accurately, providing market reflects its recent price of 104.0 per share.

Novanta Price Movement Analysis

Novanta Outstanding Bonds

Novanta Predictive Daily Indicators

Novanta Forecast Models

Novanta's time-series forecasting models are one of many Novanta's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Novanta's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Novanta prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Novanta shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Novanta. By using and applying Novanta Stock analysis, traders can create a robust methodology for identifying Novanta entry and exit points for their positions.

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.