Nova Stock Chance of Future Stock Price Finishing Under 207.37
| NVMI Stock | USD 192.00 1.70 0.89% |
Closest to current price Nova long CALL Option Payoff at Expiration
Nova |
Nova Target Price Odds to finish below 207.37
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 $ 207.37 after 90 days |
| 192.00 | 90 days | 207.37 | about 88.6 |
Based on a normal probability distribution, the odds of Nova to stay under $ 207.37 after 90 days from now is about 88.6 (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 $ 192.00 and $ 207.37 at the end of the 90-day period is about 44.58 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.48 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Nova will likely underperform. Additionally Nova has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. 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.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 Dow Jones | -0.16 | |
β | Beta against Dow Jones | 1.48 | |
σ | Overall volatility | 11.31 | |
Ir | Information ratio | -0.03 |
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.| Nova generated a negative expected return over the last 90 days | |
| Nova has high historical volatility and very poor performance | |
| Nova is unlikely to experience financial distress in the next 2 years | |
| Nova has a strong financial position based on the latest SEC filings | |
| Over 83.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Diane Kruger Shares the Hilarious Note Daughter Nova, 5, Wrote to the Tooth Fairy Be Still My Aching Heart - PEOPLE |
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 | 32.1 M | |
| Cash And Short Term Investments | 443.7 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.
| Nova generated a negative expected return over the last 90 days | |
| Nova has high historical volatility and very poor performance | |
| Nova is unlikely to experience financial distress in the next 2 years | |
| Nova has a strong financial position based on the latest SEC filings | |
| Over 83.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Diane Kruger Shares the Hilarious Note Daughter Nova, 5, Wrote to the Tooth Fairy Be Still My Aching Heart - PEOPLE |
Check out Nova Backtesting, Nova Valuation, Nova Correlation, Nova Hype Analysis, Nova Volatility, Nova History as well as Nova Performance. For more detail on how to invest in Nova Stock please use our How to Invest in Nova guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Is Semiconductors & Semiconductor Equipment space 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.
Quarterly Earnings Growth 0.524 | Earnings Share 5.34 | Revenue Per Share 21.047 | Quarterly Revenue Growth 0.389 | Return On Assets 0.0857 |
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.