Nova Technology Financials
| 6613 Stock | 189.00 1.00 0.53% |
Nova |
Understanding current and past Nova Technology Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Nova Technology's financial statements are interrelated, with each one affecting the others. For example, an increase in Nova Technology's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Nova Technology's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Nova Technology. Check Nova Technology's Beneish M Score to see the likelihood of Nova Technology's management manipulating its earnings.
| Instrument | Taiwan Stock View All |
| Exchange | Taiwan OTC Exchange |
| ISIN | TW0006613003 |
| Business Address | No 76, Jiafeng |
| Sector | Industrials |
| Industry | Specialty Industrial Machinery |
| Benchmark | Dow Jones Industrial |
| Website | www.novatech.com.tw |
| Phone | 886 3 667 6868 |
You should never invest in Nova Technology without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Nova Stock, because this is throwing your money away. Analyzing the key information contained in Nova Technology's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Nova Technology Key Financial Ratios
There are many critical financial ratios that Nova Technology's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Nova Technology reports annually and quarterly.Nova Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Nova Technology's current stock value. Our valuation model uses many indicators to compare Nova Technology value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nova Technology competition to find correlations between indicators driving Nova Technology's intrinsic value. More Info.Nova Technology is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers reporting about 0.31 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Nova Technology is roughly 3.25 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nova Technology's earnings, one of the primary drivers of an investment's value.Nova Technology Systematic Risk
Nova Technology's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Nova Technology volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Nova Technology correlated with the market. If Beta is less than 0 Nova Technology generally moves in the opposite direction as compared to the market. If Nova Technology Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Nova Technology is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Nova Technology is generally in the same direction as the market. If Beta > 1 Nova Technology moves generally in the same direction as, but more than the movement of the benchmark.
Nova Technology December 13, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Nova Technology help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Nova Technology. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nova Technology based on widely used predictive technical indicators. In general, we focus on analyzing Nova Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Nova Technology's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.55 | |||
| Information Ratio | 0.1201 | |||
| Maximum Drawdown | 10.63 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 3.16 |
Additional Tools for Nova Stock Analysis
When running Nova Technology's price analysis, check to measure Nova Technology'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 Technology is operating at the current time. Most of Nova Technology's value examination focuses on studying past and present price action to predict the probability of Nova Technology'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 Technology's price. Additionally, you may evaluate how the addition of Nova Technology to your portfolios can decrease your overall portfolio volatility.