Novacyt (France) Price on September 20, 2024
| ALNOV Stock | EUR 0.58 0.01 1.75% |
If you're considering investing in Novacyt Stock, it is important to understand the factors that can impact its price. As of today, the current price of Novacyt stands at 0.58, as last reported on the 1st of December, with the highest price reaching 0.59 and the lowest price hitting 0.57 during the day. Novacyt has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16% return per unit of risk over the last 3 months. Novacyt exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Novacyt's Mean Deviation of 3.44, standard deviation of 5.03, and Risk Adjusted Performance of (0.13) to check out the risk estimate we provide.
Novacyt Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Novacyt |
Sharpe Ratio = -0.1641
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ALNOV |
Estimated Market Risk
| 4.98 actual daily | 44 56% of assets are more volatile |
Expected Return
| -0.82 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Novacyt 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 Novacyt by adding Novacyt to a well-diversified portfolio.
Novacyt Valuation on September 20, 2024
It is possible to determine the worth of Novacyt on a given historical date. On September 20, 2024 Novacyt was worth 0.85 at the beginning of the trading date compared to the closed value of 0.85. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Novacyt stock. Still, in general, we apply an absolute valuation method to find Novacyt'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 Novacyt where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Novacyt's related companies.
| Open | High | Low | Close | Volume | |
| 0.88 | 0.89 | 0.85 | 0.85 | 430,023 | |
09/20/2024 | 0.85 | 0.87 | 0.83 | 0.85 | 261,277 |
| 0.84 | 0.86 | 0.83 | 0.84 | 82,007 |
| Backtest Novacyt | | | Novacyt History | | | Novacyt Valuation | Previous | Next |
Novacyt Trading Date Momentum on September 20, 2024
| On September 23 2024 Novacyt was traded for 0.84 at the closing time. The highest price during the trading period was 0.86 and the lowest recorded bid was listed for 0.83 . The volume for the day was 82 K. This history from September 23, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.18% . The trading delta at closing time to the current price is 11.76% . |
Novacyt Fundamentals Correlations and Trends
By evaluating Novacyt'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 Novacyt's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Novacyt financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Novacyt Stock history
Novacyt 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 Novacyt is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Novacyt 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 Novacyt stock prices may prove useful in developing a viable investing in Novacyt
Novacyt S.A. develops and sells diagnostic products for cancer and infectious diseases. The company was founded in 2006 and is based in Vlizy-Villacoublay, France. NOVACYT operates under Biotechnology classification in France and is traded on Paris Stock Exchange. It employs 111 people.
Novacyt Stock Technical Analysis
Novacyt 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
Novacyt Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Novacyt cannot be verified against its exchange. Please verify the symbol is currently traded on Euronext Paris. 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.
Novacyt December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Novacyt stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Novacyt shares will generate the highest return on investment. By undertsting and applying Novacyt stock market strength indicators, traders can identify Novacyt entry and exit signals to maximize returns
Novacyt Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Novacyt's price direction in advance. Along with the technical and fundamental analysis of Novacyt Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Novacyt 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 | (0.13) | |||
| Jensen Alpha | (0.86) | |||
| Total Risk Alpha | (1.77) | |||
| Treynor Ratio | 1.72 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Novacyt Stock Analysis
When running Novacyt's price analysis, check to measure Novacyt'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 Novacyt is operating at the current time. Most of Novacyt's value examination focuses on studying past and present price action to predict the probability of Novacyt's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novacyt's price. Additionally, you may evaluate how the addition of Novacyt to your portfolios can decrease your overall portfolio volatility.