NOVATECH (Korea) Performance
| 285490 Stock | KRW 14,660 180.00 1.21% |
On a scale of 0 to 100, NOVATECH holds a performance score of 5. The company secures a Beta (Market Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NOVATECH's returns are expected to increase less than the market. However, during the bear market, the loss of holding NOVATECH is expected to be smaller as well. Please check NOVATECH's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether NOVATECH's current price movements will revert.
Risk-Adjusted Performance
5 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in NOVATECH Co are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, NOVATECH sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
| Total Cashflows From Investing Activities | -20.9 B |
NOVATECH |
NOVATECH Relative Risk vs. Return Landscape
If you would invest 1,281,000 in NOVATECH Co on October 2, 2024 and sell it today you would earn a total of 185,000 from holding NOVATECH Co or generate 14.44% return on investment over 90 days. NOVATECH Co is generating 0.3337% of daily returns and assumes 4.9837% volatility on return distribution over the 90 days horizon. Simply put, 44% of stocks are less volatile than NOVATECH, and 94% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
NOVATECH Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NOVATECH's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NOVATECH Co, and traders can use it to determine the average amount a NOVATECH's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.067
| 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
| 4.98 actual daily | 44 56% of assets are more volatile |
Expected Return
| 0.33 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average NOVATECH is performing at about 5% 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 Fundamentals Growth
NOVATECH Stock prices reflect investors' perceptions of the future prospects and financial health of NOVATECH, and NOVATECH fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on NOVATECH Stock performance.
| Return On Equity | 20.13 | |||
| Return On Asset | 0.27 | |||
| Profit Margin | 0.32 % | |||
| Operating Margin | 0.45 % | |||
| Current Valuation | 304.54 B | |||
| Shares Outstanding | 4.63 M | |||
| Price To Sales | 2.29 X | |||
| Revenue | 90.5 B | |||
| EBITDA | 38.62 B | |||
| Cash And Equivalents | 43.79 B | |||
| Total Debt | 145.85 M | |||
| Debt To Equity | 0 % | |||
| Cash Flow From Operations | 22.27 B | |||
| Total Asset | 139.48 B | |||
About NOVATECH Performance
By analyzing NOVATECH's fundamental ratios, stakeholders can gain valuable insights into NOVATECH's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NOVATECH has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if NOVATECH has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
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.Things to note about NOVATECH performance evaluation
Checking the ongoing alerts about NOVATECH for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NOVATECH help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| NOVATECH had very high historical volatility over the last 90 days | |
| About 57.0% of the company shares are owned by insiders or employees |
- Analyzing NOVATECH's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether NOVATECH's stock is overvalued or undervalued compared to its peers.
- Examining NOVATECH's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating NOVATECH's management team can have a significant impact on its success or failure. Reviewing the track record and experience of NOVATECH's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NOVATECH's stock. These opinions can provide insight into NOVATECH's potential for growth and whether the stock is currently undervalued or overvalued.
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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