Nova Technology Stock Forecast - Market Facilitation Index
| 6613 Stock | 189.00 1.00 0.53% |
Nova Stock Forecast is based on your current time horizon.
Nova |
| Check Nova Technology Volatility | Backtest Nova Technology | Trend Details |
Nova Technology Trading Date Momentum
| On December 15 2024 Nova Technology was traded for 189.00 at the closing time. The highest price during the trading period was 189.50 and the lowest recorded bid was listed for 187.50 . There was no trading activity during the period 0.0. Lack of trading volume on December 15, 2024 did not cause price change. The trading delta at closing time to the current price is 0.00% . |
Market Facilitation Index was developed by Dr. Bill Williams. This indicator can help to determine either strong or week signal that can follow the current trend line by looking at how Market Facilitation index correlates with trading volume over time.
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Other Forecasting Options for Nova Technology
For every potential investor in Nova, whether a beginner or expert, Nova Technology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nova Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nova. Basic forecasting techniques help filter out the noise by identifying Nova Technology's price trends.Nova Technology Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nova Technology stock to make a market-neutral strategy. Peer analysis of Nova Technology could also be used in its relative valuation, which is a method of valuing Nova Technology by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nova Technology Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Nova Technology's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Nova Technology's current price.| Cycle Indicators | ||
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| Overlap Studies | ||
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| Volume Indicators |
Nova Technology Market Strength Events
Market strength indicators help investors to evaluate how Nova Technology 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 Technology shares will generate the highest return on investment. By undertsting and applying Nova Technology stock market strength indicators, traders can identify Nova Technology entry and exit signals to maximize returns.
Nova Technology Risk Indicators
The analysis of Nova Technology's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Nova Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nova stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.26 | |||
| Semi Deviation | 0.9761 | |||
| Standard Deviation | 1.74 | |||
| Variance | 3.02 | |||
| Downside Variance | 2.41 | |||
| Semi Variance | 0.9528 | |||
| Expected Short fall | (1.74) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Nova Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nova Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nova Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Nova Stock
Moving against Nova Stock
| 0.9 | 2072 | Century Wind Power | PairCorr |
| 0.7 | 6208 | Highlight Tech Split | PairCorr |
| 0.59 | 6125 | Kenmec Mechanical | PairCorr |
| 0.42 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.37 | 2467 | C Sun Manufacturing | PairCorr |
The ability to find closely correlated positions to Nova Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nova Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nova Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nova Technology to buy it.
The correlation of Nova Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nova Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nova Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nova Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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.