Nova (Israel) Technical Analysis
| NVMI Stock | ILA 64,990 60.00 0.09% |
As of the 23rd of April, Nova secures the Mean Deviation of 1.83, risk adjusted performance of 0.1159, and Downside Deviation of 2.21. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nova, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Nova, which can be compared to its peers in the industry. Please verify Nova treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside to decide if Nova is priced some-what accurately, providing market reflects its recent price of 64990.0 per share.
Nova Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nova, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NovaNova |
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.
Nova Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Nova volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nova Trend Analysis
Use this graph to draw trend lines for Nova. You can use it to identify possible trend reversals for Nova as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nova price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nova Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nova applied against its price change over selected period. The best fit line has a slop of 318.16 , which means Nova will continue producing value for investors. It has 122 observation points and a regression sum of squares at 3.82839026387E9, which is the sum of squared deviations for the predicted Nova price change compared to its average price change.About Nova Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nova on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nova based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nova price pattern first instead of the macroeconomic environment surrounding Nova. By analyzing Nova's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nova's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nova specific price patterns or momentum indicators. Please read more on our technical analysis page.
Nova April 23, 2024 Technical Indicators
Most technical analysis of Nova help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nova from various momentum indicators to cycle indicators. When you analyze Nova charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1159 | |||
| Market Risk Adjusted Performance | 0.6128 | |||
| Mean Deviation | 1.83 | |||
| Semi Deviation | 1.77 | |||
| Downside Deviation | 2.21 | |||
| Coefficient Of Variation | 568.34 | |||
| Standard Deviation | 2.57 | |||
| Variance | 6.59 | |||
| Information Ratio | 0.1412 | |||
| Jensen Alpha | 0.3836 | |||
| Total Risk Alpha | 0.1113 | |||
| Sortino Ratio | 0.1641 | |||
| Treynor Ratio | 0.6028 | |||
| Maximum Drawdown | 18.22 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 4.77 | |||
| Downside Variance | 4.88 | |||
| Semi Variance | 3.14 | |||
| Expected Short fall | (2.23) | |||
| Skewness | 0.3762 | |||
| Kurtosis | 3.37 |
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 board of governors. For information on how to trade Nova Stock refer to our How to Trade Nova Stock guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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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