Novavax Stock Technical Analysis
NVAX Stock | USD 3.89 0.10 2.51% |
As of the 18th of April 2024, Novavax secures the Mean Deviation of 3.72, standard deviation of 5.83, and Risk Adjusted Performance of 8.0E-4. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Novavax, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze thirteen technical drivers for Novavax, which can be compared to its peers in the industry. Please verify Novavax market risk adjusted performance and treynor ratio to decide if Novavax is priced some-what accurately, providing market reflects its recent price of 3.89 per share. Given that Novavax has information ratio of (0.02), we recommend you to check Novavax's last-minute market performance to make sure the company can sustain itself at a future point.
Novavax Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Novavax, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NovavaxNovavax |
Novavax Analyst Consensus
Target Price | Advice | # of Analysts | |
20.6 | Buy | 6 | Odds |
Most Novavax analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Novavax stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Novavax, talking to its executives and customers, or listening to Novavax conference calls.
Novavax 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.
Novavax Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Novavax volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Novavax Trend Analysis
Use this graph to draw trend lines for Novavax. You can use it to identify possible trend reversals for Novavax as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Novavax price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Novavax Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Novavax applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Novavax will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1.99, which is the sum of squared deviations for the predicted Novavax price change compared to its average price change.About Novavax Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Novavax on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Novavax based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Novavax price pattern first instead of the macroeconomic environment surrounding Novavax. By analyzing Novavax's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Novavax's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Novavax specific price patterns or momentum indicators. Please read more on our technical analysis page.
2023 | 2024 (projected) | Dividend Yield | 0.007004 | 0.007918 | Price To Sales Ratio | 0.49 | 0.47 |
Novavax April 18, 2024 Technical Indicators
Most technical analysis of Novavax help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Novavax from various momentum indicators to cycle indicators. When you analyze Novavax charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 8.0E-4 | |||
Market Risk Adjusted Performance | (0.01) | |||
Mean Deviation | 3.72 | |||
Coefficient Of Variation | (7,798) | |||
Standard Deviation | 5.83 | |||
Variance | 33.94 | |||
Information Ratio | (0.02) | |||
Jensen Alpha | (0.24) | |||
Total Risk Alpha | (0.51) | |||
Treynor Ratio | (0.02) | |||
Maximum Drawdown | 49.36 | |||
Value At Risk | (5.24) | |||
Potential Upside | 9.11 | |||
Skewness | (0.28) | |||
Kurtosis | 8.94 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novavax. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Novavax Stock please use our How to Invest in Novavax guide.Note that the Novavax information on this page should be used as a complementary analysis to other Novavax's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Novavax Stock analysis
When running Novavax's price analysis, check to measure Novavax'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 Novavax is operating at the current time. Most of Novavax's value examination focuses on studying past and present price action to predict the probability of Novavax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novavax's price. Additionally, you may evaluate how the addition of Novavax to your portfolios can decrease your overall portfolio volatility.
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Is Novavax's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Novavax. If investors know Novavax will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Novavax listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.41) | Revenue Per Share 9.762 | Quarterly Revenue Growth (0.18) | Return On Assets (0.17) | Return On Equity (8.98) |
The market value of Novavax is measured differently than its book value, which is the value of Novavax that is recorded on the company's balance sheet. Investors also form their own opinion of Novavax's value that differs from its market value or its book value, called intrinsic value, which is Novavax's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Novavax's market value can be influenced by many factors that don't directly affect Novavax's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Novavax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Novavax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Novavax'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.