Novadaq Technologies Etf Price on February 16, 2024

NVDQ Etf   4.16  0.03  0.72%   
If you're considering investing in Novadaq Etf, it is important to understand the factors that can impact its price. As of today, the current price of Novadaq Technologies stands at 4.16, as last reported on the 14th of May 2024, with the highest price reaching 4.16 and the lowest price hitting 4.16 during the day. Novadaq Technologies has Sharpe Ratio of -0.1, which conveys that the entity had a -0.1% return per unit of risk over the last 3 months. Novadaq Technologies exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Novadaq Technologies' Mean Deviation of 5.04, standard deviation of 7.14, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide.
  
Novadaq Etf price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1019

Best PortfolioBest Equity
Good Returns
Average Returns
Small Returns
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative ReturnsNVDQ

Estimated Market Risk

 7.25
  actual daily
64
64% of assets are less volatile

Expected Return

 -0.74
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.1
  actual daily
0
Most of other assets perform better
Based on monthly moving average Novadaq Technologies is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Novadaq Technologies by adding Novadaq Technologies to a well-diversified portfolio.

Novadaq Technologies Main Headline on 16th of February 2024

GraniteShares CEO on Why Leveraged Nvidia ETF Soared 800 etf.com

Novadaq Technologies Valuation on February 16, 2024

It is possible to determine the worth of Novadaq Technologies on a given historical date. On February 16, 2024 Novadaq was worth 7.94 at the beginning of the trading date compared to the closed value of 8.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Novadaq Technologies etf. Still, in general, we apply an absolute valuation method to find Novadaq Technologies' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Novadaq Technologies where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Novadaq Technologies' related companies.
 Open High Low Close Volume
  8.01    8.32    7.99    8.27    698,800  
02/16/2024
  7.94    8.31    7.87    8.26    1,172,435  
  8.47    9.37    8.46    8.80    3,014,400  
Backtest Novadaq Technologies  |  Novadaq Technologies History  |  Novadaq Technologies Valuation   PreviousNext  
Open Value
7.94
8.26
Closing Value
29.68
Upside

Novadaq Technologies Trading Date Momentum on February 16, 2024

On February 20 2024 Novadaq Technologies was traded for  8.80  at the closing time. The top price for the day was 9.37  and the lowest listed price was  8.46 . The trading volume for the day was 3 M. The trading history from February 20, 2024 was a factor to the next trading day price gain. The trading delta at closing time against the next closing price was 6.54% . The trading delta at closing time against the current closing price is 24.46% .

About Novadaq Technologies Etf history

Novadaq Technologies investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Novadaq is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Novadaq Technologies will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Novadaq Technologies stock prices may prove useful in developing a viable investing in Novadaq Technologies
Novadaq Technologies Inc. develops, manufactures, and markets fluorescence imaging solutions for use by surgeons in the operating room and other clinical settings in the United States and internationally.

Novadaq Technologies Etf Technical Analysis

Novadaq Technologies technical etf 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, etf market cycles, or different charting patterns.
A focus of Novadaq Technologies technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Novadaq Technologies trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Novadaq Technologies Period Price Range

Low
February 16, 2024
0.32  4.03%
High

 7.94 

     

 8.26 

Novadaq Technologies May 14, 2024 Market Strength

Market strength indicators help investors to evaluate how Novadaq Technologies etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Novadaq Technologies shares will generate the highest return on investment. By undertsting and applying Novadaq Technologies etf market strength indicators, traders can identify Novadaq Technologies entry and exit signals to maximize returns

Novadaq Technologies Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Novadaq Technologies' price direction in advance. Along with the technical and fundamental analysis of Novadaq Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Novadaq to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novadaq Technologies. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
To learn how to invest in Novadaq Etf, please use our How to Invest in Novadaq Technologies guide.
Note that the Novadaq Technologies information on this page should be used as a complementary analysis to other Novadaq Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
The market value of Novadaq Technologies is measured differently than its book value, which is the value of Novadaq that is recorded on the company's balance sheet. Investors also form their own opinion of Novadaq Technologies' value that differs from its market value or its book value, called intrinsic value, which is Novadaq Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Novadaq Technologies' market value can be influenced by many factors that don't directly affect Novadaq Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Novadaq Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Novadaq Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Novadaq Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.