Nova Technology (Taiwan) Buy Hold or Sell Recommendation

6613 Stock   188.50  0.50  0.26%   
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Nova Technology is 'Hold'. Macroaxis provides Nova Technology buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding 6613 positions. The advice algorithm takes into account all of Nova Technology's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Nova Technology's buy or sell advice are summarized below:
Real Value
176.38
Hype Value
188.5
Market Value
188.5
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Nova Technology given historical horizon and risk tolerance towards Nova Technology. When Macroaxis issues a 'buy' or 'sell' recommendation for Nova Technology, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Nova Technology Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
In addition, we conduct extensive research on individual companies such as Nova and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Nova Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Execute Nova Technology Buy or Sell Advice

The Nova recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Nova Technology. Macroaxis does not own or have any residual interests in Nova Technology or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Nova Technology's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Nova TechnologyBuy Nova Technology
Hold

Market Performance

StrongDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

OvervaluedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Almost neglects market trendsDetails

Analyst Consensus

Not AvailableDetails

Reporting Quality (M-Score)

InapplicableDetails
For the selected time horizon Nova Technology has a Risk Adjusted Performance of 0.1828, Jensen Alpha of 0.5109, Total Risk Alpha of 0.1352, Sortino Ratio of 0.2173 and Treynor Ratio of (2.02)
Macroaxis provides trade recommendations on Nova Technology to complement and cross-verify current analyst consensus on Nova Technology. Our advice engine determines the firm's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. To make sure Nova Technology is not overpriced, please verify all Nova Technology fundamentals, including its shares owned by institutions, price to sales, gross profit, as well as the relationship between the price to book and revenue .

Nova Technology Trading Alerts and Improvement Suggestions

About 68.0% of the company shares are owned by insiders or employees

Nova Technology Returns Distribution Density

The distribution of Nova Technology's historical returns is an attempt to chart the uncertainty of Nova Technology's future price movements. The chart of the probability distribution of Nova Technology daily returns describes the distribution of returns around its average expected value. We use Nova Technology price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Nova Technology returns is essential to provide solid investment advice for Nova Technology.
Mean Return
0.49
Value At Risk
-1.81
Potential Upside
2.79
Standard Deviation
1.55
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Nova Technology historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Nova Technology Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Nova Technology or Industrials sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Nova Technology's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Nova stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
0.51
β
Beta against NYSE Composite-0.24
σ
Overall volatility
1.55
Ir
Information ratio 0.23

Nova Technology Volatility Alert

Nova Technology has relatively low volatility with skewness of 0.29 and kurtosis of 2.79. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Nova Technology's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Nova Technology's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Nova Technology Fundamentals Vs Peers

Comparing Nova Technology's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Nova Technology's direct or indirect competition across all of the common fundamentals between Nova Technology and the related equities. This way, we can detect undervalued stocks with similar characteristics as Nova Technology or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Nova Technology's fundamental indicators could also be used in its relative valuation, which is a method of valuing Nova Technology by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Nova Technology to competition
FundamentalsNova TechnologyPeer Average
Return On Equity0.34-0.31
Return On Asset0.1-0.14
Profit Margin0.10 %(1.27) %
Operating Margin0.14 %(5.51) %
Current Valuation4.96 B16.62 B
Shares Outstanding67.86 M571.82 M
Shares Owned By Insiders68.28 %10.09 %
Shares Owned By Institutions1.05 %39.21 %
Price To Book2.18 X9.51 X
Price To Sales0.76 X11.42 X
Revenue6.26 B9.43 B
Gross Profit1.39 B27.38 B
EBITDA927.15 M3.9 B
Net Income568.25 M570.98 M
Book Value Per Share42.00 X1.93 K
Cash Flow From Operations613.75 M971.22 M
Earnings Per Share12.30 X3.12 X
Number Of Employees518.84 K
Beta0.44-0.15
Market Capitalization6.62 B19.03 B
Total Asset6.63 B29.47 B
Annual Yield0.02 %
Net Asset6.63 B
Last Dividend Paid8.0

Nova Technology Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Nova . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Nova Technology Buy or Sell Advice

When is the right time to buy or sell Nova Technology? Buying financial instruments such as Nova Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Nova Technology in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Entertainment Thematic Idea Now

Entertainment
Entertainment Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Entertainment theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Entertainment Theme or any other thematic opportunities.
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Check out Nova Technology Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

Complementary 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.
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Please note, there is a significant difference between Nova Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.