Nova (Israel) Chance of Future Stock Price Finishing Under 77638.1
| NVMI Stock | ILA 75,690 1,170 1.57% |
Nova |
Nova Target Price Odds to finish below 77638.1
The tendency of Nova Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under 77,638 after 90 days |
| 75,690 | 90 days | 77,638 | close to 99 |
Based on a normal probability distribution, the odds of Nova to stay under 77,638 after 90 days from now is close to 99 (This Nova probability density function shows the probability of Nova Stock to fall within a particular range of prices over 90 days) . Probability of Nova price to stay between its current price of 75,690 and 77,638 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Nova has a beta of 0.18. This indicates as returns on the market go up, Nova average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nova will be expected to be much smaller as well. Additionally Nova has an alpha of 0.5908, implying that it can generate a 0.59 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Nova Price Density |
| Price |
Predictive Modules for Nova
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nova. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nova's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nova Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nova is not an exception. The market had few large corrections towards the Nova's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nova, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nova within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.59 | |
β | Beta against NYSE Composite | 0.18 | |
σ | Overall volatility | 5,832 | |
Ir | Information ratio | 0.20 |
Nova Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nova for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nova can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 78.0% of the company shares are owned by institutional investors |
Nova Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nova Stock often depends not only on the future outlook of the current and potential Nova's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nova's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 28.5 M |
Nova Technical Analysis
Nova's future price can be derived by breaking down and analyzing its technical indicators over time. Nova Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nova. In general, you should focus on analyzing Nova Stock price patterns and their correlations with different microeconomic environments and drivers.
Nova Predictive Forecast Models
Nova's time-series forecasting models is one of many Nova's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are 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. This non-stationary Nova'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 stock market movement and maximize returns from investment trading.
Things to note about Nova
Checking the ongoing alerts about Nova for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nova help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 78.0% of the company shares are owned by institutional investors |
Check out Nova Backtesting, Nova Valuation, Nova Correlation, Nova Hype Analysis, Nova Volatility, Nova History as well as Nova Performance. For information on how to trade Nova Stock refer to our How to Trade Nova Stock guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Nova Stock analysis
When running Nova's price analysis, check to measure Nova'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 Nova is operating at the current time. Most of Nova's value examination focuses on studying past and present price action to predict the probability of Nova's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova's price. Additionally, you may evaluate how the addition of Nova to your portfolios can decrease your overall portfolio volatility.
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