NOVAREX CoLtd (Korea) Price on September 12, 2024

194700 Stock  KRW 7,380  90.00  1.23%   
If you're considering investing in NOVAREX Stock, it is important to understand the factors that can impact its price. As of today, the current price of NOVAREX CoLtd stands at 7,380, as last reported on the 16th of December 2024, with the highest price reaching 7,410 and the lowest price hitting 7,210 during the day. NOVAREX CoLtd has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of standard deviation over the last 3 months. NOVAREX CoLtd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NOVAREX CoLtd's Market Risk Adjusted Performance of (1.66), risk adjusted performance of (0.08), and Mean Deviation of 2.19 to check out the risk estimate we provide.
  
NOVAREX Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.108

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Estimated Market Risk

 3.53
  actual daily
31
69% of assets are more volatile

Expected Return

 -0.38
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.11
  actual daily
0
Most of other assets perform better
Based on monthly moving average NOVAREX CoLtd is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NOVAREX CoLtd by adding NOVAREX CoLtd to a well-diversified portfolio.

NOVAREX CoLtd Valuation on September 12, 2024

It is possible to determine the worth of NOVAREX CoLtd on a given historical date. On September 12, 2024 NOVAREX was worth 9780.0 at the beginning of the trading date compared to the closed value of 9820.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NOVAREX CoLtd stock. Still, in general, we apply an absolute valuation method to find NOVAREX CoLtd's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of NOVAREX CoLtd where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NOVAREX CoLtd's related companies.
 Open High Low Close Volume
  9,800    10,060    9,700    9,730    55,156  
09/12/2024
  9,780    9,900    9,600    9,820    62,424  
  9,820    9,870    9,720    9,810    32,177  
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Open Value
9780.0
9820.0
Closing Value
9,791
Upside

NOVAREX CoLtd Trading Date Momentum on September 12, 2024

On September 13 2024 NOVAREX CoLtd was traded for  9,810  at the closing time. The highest price during the trading period was 9,870  and the lowest recorded bid was listed for  9,720 . The volume for the day was 32.2 K. This history from September 13, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.10% . The trading delta at closing time to the current price is 2.24% .

NOVAREX CoLtd Fundamentals Correlations and Trends

By evaluating NOVAREX CoLtd's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among NOVAREX CoLtd's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NOVAREX financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About NOVAREX CoLtd Stock history

NOVAREX CoLtd investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for NOVAREX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NOVAREX CoLtd will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing NOVAREX CoLtd stock prices may prove useful in developing a viable investing in NOVAREX CoLtd
NOVAREX Co., Ltd. develops and produces health functional foods and raw materials in South Korea and internationally. NOVAREX Co., Ltd. was founded in 2008 and is headquartered in Cheongju, South Korea. NOVAREX is traded on Korean Securities Dealers Automated Quotations in South Korea.

NOVAREX CoLtd Stock Technical Analysis

NOVAREX CoLtd 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.
A focus of NOVAREX CoLtd technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NOVAREX CoLtd trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

NOVAREX CoLtd Period Price Range

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December 16, 2024
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NOVAREX CoLtd cannot be verified against its exchange. Please verify the symbol is currently traded on KOSDAQ. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

NOVAREX CoLtd December 16, 2024 Market Strength

Market strength indicators help investors to evaluate how NOVAREX CoLtd stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NOVAREX CoLtd shares will generate the highest return on investment. By undertsting and applying NOVAREX CoLtd stock market strength indicators, traders can identify NOVAREX CoLtd entry and exit signals to maximize returns

NOVAREX CoLtd Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for NOVAREX CoLtd's price direction in advance. Along with the technical and fundamental analysis of NOVAREX Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NOVAREX to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for NOVAREX Stock analysis

When running NOVAREX CoLtd's price analysis, check to measure NOVAREX CoLtd'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 NOVAREX CoLtd is operating at the current time. Most of NOVAREX CoLtd's value examination focuses on studying past and present price action to predict the probability of NOVAREX CoLtd's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOVAREX CoLtd's price. Additionally, you may evaluate how the addition of NOVAREX CoLtd to your portfolios can decrease your overall portfolio volatility.
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