Novatek Microelectronics (Taiwan) Today
| 3034 Stock | TWD 601.00 18.00 3.09% |
Performance10 of 100
| Odds Of DistressLess than 9
|
Novatek Microelectronics is selling for under 601.00 as of the 25th of April 2024; that is 3.09 percent increase since the beginning of the trading day. The stock's lowest day price was 586.0. Novatek Microelectronics has less than a 9 % chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. Equity ratings for Novatek Microelectronics Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of January 2024 and ending today, the 25th of April 2024. Click here to learn more.
Novatek Microelectronics Corp. and its subsidiaries research, develop, manufacture, and sell integrated circuit chips for speech, communication, computer peripheral, LCD driver IC system, embedded MCU, DSP, and system applications. Novatek Microelectronics Corp. The company has 608.51 M outstanding shares. More on Novatek Microelectronics Corp
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Novatek Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Novatek Microelectronics' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Novatek Microelectronics or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman of the Board | TaiShung Ho |
| Business Concentration | Information Technology, Semiconductors & Semiconductor Equipment, Semiconductors, Technology (View all Sectors) |
Novatek Microelectronics Corp (3034) is traded on Taiwan Stock Exchange in Taiwan and employs 30 people. The company currently falls under 'Mega-Cap' category with a current market capitalization of 242.49 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Novatek Microelectronics's market, we take the total number of its shares issued and multiply it by Novatek Microelectronics's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Novatek Microelectronics operates under Semiconductors & Semiconductor Equipment sector and is part of Information Technology industry. The entity has 608.51 M outstanding shares.
Novatek Microelectronics Corp has accumulated about 20.45 B in cash with 41.72 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 33.6.
Check Novatek Microelectronics Probability Of Bankruptcy
Ownership AllocationNovatek Microelectronics Corp holds a total of 608.51 Million outstanding shares. 30% of Novatek Microelectronics outstanding shares are owned by institutional investors. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Novatek Ownership Details
Novatek Stock Price Odds Analysis
Depending on a normal probability distribution, the odds of Novatek Microelectronics jumping above the current price in 90 days from now is about 19.26%. The Novatek Microelectronics Corp probability density function shows the probability of Novatek Microelectronics stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Novatek Microelectronics Corp has a beta of -0.0906. This suggests as returns on the benchmark increase, returns on holding Novatek Microelectronics are expected to decrease at a much lower rate. During a bear market, however, Novatek Microelectronics Corp is likely to outperform the market. Additionally, novatek Microelectronics Corp has an alpha of 0.2535, implying that it can generate a 0.25 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Novatek Microelectronics to move above the current price in 90 days from now is about 19.26 (This Novatek Microelectronics Corp probability density function shows the probability of Novatek Stock to fall within a particular range of prices over 90 days) .
Novatek Microelectronics Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Novatek Microelectronics market risk premium is the additional return an investor will receive from holding Novatek Microelectronics 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 Novatek Microelectronics. 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 Novatek Microelectronics' alpha and beta are two of the key measurements used to evaluate Novatek Microelectronics' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.52 | |||
| Semi Deviation | 1.55 | |||
| Standard Deviation | 2.17 | |||
| Variance | 4.71 |
Novatek Stock Against Markets
Picking the right benchmark for Novatek Microelectronics stock 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 Novatek Microelectronics stock 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 Novatek Microelectronics is critical whether you are bullish or bearish towards Novatek Microelectronics Corp at a given time. Please also check how Novatek Microelectronics' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Novatek Microelectronics 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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Novatek Microelectronics Corporate Directors
Novatek Microelectronics corporate directors refer to members of a Novatek Microelectronics board of directors. The board of directors generally takes responsibility for the Novatek Microelectronics' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Novatek Microelectronics' board members must vote for the resolution. The Novatek Microelectronics board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Guangyi Wu | Director | Profile | |
| David Chen | VP and Director of Investor Relations | Profile | |
| Max Fang | Independent Director | Profile | |
| Qidong Liu | Director | Profile |
How to buy Novatek Stock?
Before investing in Novatek Microelectronics, 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 Novatek Microelectronics. To buy Novatek Microelectronics stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Novatek Microelectronics. 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 Novatek Microelectronics stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Novatek Microelectronics Corp stock 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 Novatek Microelectronics Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Novatek Microelectronics Corp, 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 stock 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 Novatek Microelectronics Corp?
The danger of trading Novatek Microelectronics Corp is mainly related to its market volatility and Company 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 Novatek Microelectronics 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 Novatek Microelectronics. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Novatek Microelectronics 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Novatek Microelectronics Corp. 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. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Novatek Stock analysis
When running Novatek Microelectronics' price analysis, check to measure Novatek Microelectronics' 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 Novatek Microelectronics is operating at the current time. Most of Novatek Microelectronics' value examination focuses on studying past and present price action to predict the probability of Novatek Microelectronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novatek Microelectronics' price. Additionally, you may evaluate how the addition of Novatek Microelectronics to your portfolios can decrease your overall portfolio volatility.
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