Novadaq Technologies Etf Profile
| NVDQ Etf | 5.21 0.43 7.62% |
Performance0 of 100
| Odds Of DistressLess than 32
|
Novadaq Technologies is selling at 5.21 as of the 24th of April 2024; that is -7.62 percent decrease since the beginning of the trading day. The etf's last reported lowest price was 5.17. Novadaq Technologies has about a 32 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Novadaq Technologies are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of May 2022 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | IPO Date 10th of June 2005 | Classification Health Care |
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. The company has 0 outstanding shares. More on Novadaq Technologies
Moving together with Novadaq Etf
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| 0.72 | LH | Laboratory Earnings Call Tomorrow | PairCorr |
| 0.75 | OM | Outset MedicalInc Financial Report 1st of May 2024 | PairCorr |
Moving against Novadaq Etf
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| 0.83 | ESTA | Establishment Labs Financial Report 13th of May 2024 | PairCorr |
| 0.7 | ENSG | Ensign Group Earnings Call Today | PairCorr |
| 0.69 | EDAP | EDAP TMS SA Financial Report 15th of May 2024 | PairCorr |
| 0.64 | WORX | Scworx Corp | PairCorr |
Novadaq Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Novadaq Technologies' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Novadaq Technologies or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO, Director | Arun Menawat |
| Thematic Ideas | (View all Themes) |
| Business Concentration | Health Care Equipment & Supplies, Health Care Equipment & Services, Health Care, NASDAQ Composite Total, Single Stock ETFs, Strategy ETFs, Health Care, Health Care Equipment & Supplies, Medical Equipment, Health Care (View all Sectors) |
| Issuer | Tuttle Capital Management |
| Inception Date | 2023-10-19 |
| Entity Type | Regulated Investment Company |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Single Stock |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | Commonwealth Fund Services, Inc. |
| Advisor | Tuttle Capital Management, LLC |
| Custodian | Citibank, N.A. |
| Distributor | Foreside Fund Services, LLC |
| Portfolio Manager | Matthew Tuttle |
| Transfer Agent | Citibank, N.A. |
| Fiscal Year End | December |
| Exchange | Cboe BZX Exchange, Inc. |
| Number of Constituents | 3.0 |
| Market Maker | Flow Traders |
| Total Expense | 1.05 |
| Management Fee | 1.05 |
| Logo U R L | imglogosUSNVDQ.png |
| Total Current Liabilities | 22.61 Million |
| Total Stockholder Equity | 111.98 Million |
| Currency Code | USD |
| Total Cashflows From Investing Activities | (11.07 Million) |
| Accounts Payable | 19.23 Million |
| Cash | 62.38 Million |
| Long Term Debt | 1.58 Million |
| 50 Day M A | 5.6488 |
| Code | NVDQ |
| Country Name | USA |
| Other Current Assets | 5.97 Million |
| Total Liab | 24.92 Million |
| Deferred Long Term Liab | 729,209 |
| Depreciation | 8.08 Million |
Novadaq Technologies [NVDQ] is traded in USA and was established null. Novadaq Technologies is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The fund is listed under Health Care category and is part of Health Care Equipment & Supplies family. The entity is thematically classified as Single Stock ETFs. Novadaq Technologies now have 136.9 M in assets.
Novadaq Technologies currently holds about 49.59 M in cash with (33.05 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.86.
Check Novadaq Technologies Probability Of Bankruptcy
Novadaq Technologies Target Price Odds Analysis
In regard to a normal probability distribution, the odds of Novadaq Technologies jumping above the current price in 90 days from now is about 73.17%. The Novadaq Technologies probability density function shows the probability of Novadaq Technologies etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Novadaq Technologies has a beta of -1.208. This indicates as returns on its benchmark rise, returns on holding Novadaq Technologies are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Novadaq Technologies is expected to outperform its benchmark. Additionally, novadaq Technologies has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Novadaq Technologies to move above the current price in 90 days from now is about 73.17 (This Novadaq Technologies probability density function shows the probability of Novadaq Etf to fall within a particular range of prices over 90 days) .
Novadaq Technologies Top Holders
| ADVT | Advantis Corp | Stock | Health Care |
| ITMC | Itoco Inc | Pink Sheet | Biotechnology |
Novadaq Technologies Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Novadaq Technologies market risk premium is the additional return an investor will receive from holding Novadaq Technologies long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Novadaq Technologies. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Novadaq Technologies' alpha and beta are two of the key measurements used to evaluate Novadaq Technologies' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 4.59 | |||
| Standard Deviation | 6.83 | |||
| Variance | 46.66 | |||
| Risk Adjusted Performance | (0.08) |
Novadaq Technologies Technical Analysis
Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Novadaq Technologies Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Novadaq Technologies price patterns.
Novadaq Technologies Against Markets
Picking the right benchmark for Novadaq Technologies etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Novadaq Technologies etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Novadaq Technologies is critical whether you are bullish or bearish towards Novadaq Technologies at a given time. Please also check how Novadaq Technologies' historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Novadaq Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Alpha FinderUse alpha and beta coefficients to find investment opportunities after accounting for the risk |
| All Next | Launch Module |
How to buy Novadaq Etf?
Before investing in Novadaq Technologies, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Novadaq Technologies. To buy Novadaq Technologies etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Novadaq Technologies. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Novadaq Technologies etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Novadaq Technologies etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Novadaq Technologies etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Novadaq Technologies, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Novadaq Technologies?
The danger of trading Novadaq Technologies is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Novadaq Technologies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Novadaq Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Novadaq Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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.