Nova Stock Price on March 27, 2024
| NVMI Stock | USD 174.34 3.42 2.00% |
If you're considering investing in Nova Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nova stands at 174.34, as last reported on the 29th of April, with the highest price reaching 177.15 and the lowest price hitting 170.92 during the day. Nova appears to be very steady, given 3 months investment horizon. Nova has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nova, which you can use to evaluate the volatility of the firm. Please exercise Nova's Mean Deviation of 1.97, downside deviation of 2.33, and Risk Adjusted Performance of 0.084 to check out if our risk estimates are consistent with your expectations.
Nova Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nova |
Sharpe Ratio = 0.1225
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Estimated Market Risk
| 2.54 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.31 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Nova is performing at about 9% of its full potential. 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 Nova by adding it to a well-diversified portfolio.
Nova Valuation on March 27, 2024
It is possible to determine the worth of Nova on a given historical date. On March 27, 2024 Nova was worth 180.43 at the beginning of the trading date compared to the closed value of 179.74. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nova stock. Still, in general, we apply an absolute valuation method to find Nova's 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 Nova where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nova's related companies.
| Open | High | Low | Close | Volume | |
| 182.34 | 182.90 | 178.09 | 178.93 | 77,524 | |
03/27/2024 | 180.43 | 180.72 | 176.22 | 179.74 | 68,876 |
| 180.42 | 180.42 | 175.95 | 177.38 | 165,437 |
| Backtest Nova | | | Nova History | | | Nova Valuation | Previous | Next |
Nova Trading Date Momentum on March 27, 2024
| On March 28 2024 Nova was traded for 177.38 at the closing time. The top price for the day was 180.42 and the lowest listed price was 175.95 . The trading volume for the day was 165.4 K. The trading history from March 28, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.31% . The trading delta at closing time against the current closing price is 0.70% . |
Nova Fundamentals Correlations and Trends
By evaluating Nova's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nova's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nova financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nova Stock history
Nova 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 Nova is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nova 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 Nova stock prices may prove useful in developing a viable investing in Nova
Nova Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationally. The company was incorporated in 1993 and is headquartered in Rehovot, Israel. Nova operates under Semiconductor Equipment Materials classification in the United States and is traded on NASDAQ Exchange. It employs 819 people.
Nova Stock Technical Analysis
Nova 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.
Price Boundaries
Nova Period Price Range
Low | March 27, 2024
| High |
180.43 | 179.74 |
Nova April 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Nova stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nova shares will generate the highest return on investment. By undertsting and applying Nova stock market strength indicators, traders can identify Nova entry and exit signals to maximize returns
| Accumulation Distribution | 1715.04 | |||
| Daily Balance Of Power | (0.15) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 178.47 | |||
| Day Typical Price | 178.89 | |||
| Market Facilitation Index | 1.0E-4 | |||
| Price Action Indicator | 0.93 | |||
| Period Momentum Indicator | (5.40) |
Nova Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nova's price direction in advance. Along with the technical and fundamental analysis of Nova Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nova 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.
| Risk Adjusted Performance | 0.084 | |||
| Jensen Alpha | 0.2717 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.095 | |||
| Treynor Ratio | 0.8197 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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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Is Nova's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nova. If investors know Nova will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nova listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Nova is measured differently than its book value, which is the value of Nova that is recorded on the company's balance sheet. Investors also form their own opinion of Nova's value that differs from its market value or its book value, called intrinsic value, which is Nova's 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 Nova's market value can be influenced by many factors that don't directly affect Nova's 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 Nova's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova's 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.