NOVATECH (Korea) Price on November 28, 2024
| 285490 Stock | KRW 17,500 300.00 1.74% |
If you're considering investing in NOVATECH Stock, it is important to understand the factors that can impact its price. As of today, the current price of NOVATECH stands at 17,500, as last reported on the 20th of January, with the highest price reaching 17,650 and the lowest price hitting 16,940 during the day. NOVATECH appears to be very steady, given 3 months investment horizon. NOVATECH has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15 % return per unit of standard deviation over the last 3 months. By reviewing NOVATECH's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please exercise NOVATECH's Mean Deviation of 3.09, risk adjusted performance of 0.1136, and Market Risk Adjusted Performance of (1.59) to check out if our risk estimates are consistent with your expectations.
NOVATECH Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
NOVATECH |
Sharpe Ratio = 0.1513
| Best Portfolio | Best Equity | |||
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| Small Returns | 285490 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.08 actual daily | 45 55% of assets are more volatile |
Expected Return
| 0.77 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average NOVATECH is performing at about 11% of its full potential. 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 NOVATECH by adding it to a well-diversified portfolio.
NOVATECH Valuation on November 28, 2024
It is possible to determine the worth of NOVATECH on a given historical date. On November 28, 2024 NOVATECH was worth 13520.0 at the beginning of the trading date compared to the closed value of 13360.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NOVATECH stock. Still, in general, we apply an absolute valuation method to find NOVATECH'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 NOVATECH where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NOVATECH's related companies.
| Open | High | Low | Close | Volume | |
| 12,500 | 13,740 | 12,500 | 13,530 | 157,251 | |
11/28/2024 | 13,520 | 13,620 | 13,250 | 13,360 | 46,083 |
| 13,760 | 13,900 | 13,050 | 13,400 | 65,261 |
| Backtest NOVATECH | | | NOVATECH History | | | NOVATECH Valuation | Previous | Next |
NOVATECH Trading Date Momentum on November 28, 2024
| On November 29 2024 NOVATECH Co was traded for 13,400 at the closing time. The highest price during the trading period was 13,900 and the lowest recorded bid was listed for 13,050 . The volume for the day was 65.3 K. This history from November 29, 2024 contributed to the next trading day price jump. The daily price change to the next closing price was 0.30% . The trading delta at closing time to the current price is 12.43% . |
NOVATECH Fundamentals Correlations and Trends
By evaluating NOVATECH'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 NOVATECH's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NOVATECH financial account trend analysis is a perfect complement when working with valuation or volatility modules.About NOVATECH Stock history
NOVATECH 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 NOVATECH is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NOVATECH 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 NOVATECH stock prices may prove useful in developing a viable investing in NOVATECH
Novatech Co., Ltd., together with its subsidiaries, engages in the design, manufacture, and sale of magnet and magnet applications in South Korea. Novatech Co., Ltd. was founded in 2007 and is headquartered in Yongin, South Korea. NOVATECH is traded on Korean Securities Dealers Automated Quotations in South Korea.
NOVATECH Stock Technical Analysis
NOVATECH 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.
Price Boundaries
NOVATECH Period Price Range
Low | January 20, 2025
| High |
0.00 | 0.00 |
NOVATECH Co 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.
NOVATECH January 20, 2025 Market Strength
Market strength indicators help investors to evaluate how NOVATECH stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NOVATECH shares will generate the highest return on investment. By undertsting and applying NOVATECH stock market strength indicators, traders can identify NOVATECH Co entry and exit signals to maximize returns
NOVATECH Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NOVATECH's price direction in advance. Along with the technical and fundamental analysis of NOVATECH Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NOVATECH 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.
| Risk Adjusted Performance | 0.1136 | |||
| Jensen Alpha | 0.6222 | |||
| Total Risk Alpha | 0.4977 | |||
| Sortino Ratio | 0.1838 | |||
| Treynor Ratio | (1.60) |
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| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for NOVATECH Stock analysis
When running NOVATECH's price analysis, check to measure NOVATECH'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 NOVATECH is operating at the current time. Most of NOVATECH's value examination focuses on studying past and present price action to predict the probability of NOVATECH's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOVATECH's price. Additionally, you may evaluate how the addition of NOVATECH to your portfolios can decrease your overall portfolio volatility.
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