Novanta inc NOVT.US Swing Trading Analysis
US StockTechnology
(No presentation for NOVT)
NOVT Swing Trading Score
3
24
15
Strong Bullish
- AI analysis rates NOVT with a higher swing trading score of 4.
- It is mainly due to the positive AI swing signal, the relatively low short-term volatility,along with the relatively low stock price.
- Furthermore, based on historical backtesting, when entering with a swing trading score of 4 and exiting with a score of 1, resulted in 26 trades with a 53.85% win rate and an average profit/loss of 30.53%.
NOVT Historical Swing Trading Score
You can use historical scores of 3 or above to observe potential performance and make investment decisions.
NOVT Swing Trading Strategy Backtest
The following backtest is based on specified rules since 2007. Price chart shows buy/sell time, cumulative returns, and backtesting statistics.
Entry
Exit
The Backtest Result of NOVT from 2007/01 till Now
- 186.50%
- Cumulative Return
- 5.92%
- Annual Return
- 38.61%
- Volatility
- 0.15
- Sharpe Ratio
Statistics data for entering at or above a Swing Trading score of 4 and exiting at or below a Swing Trading score of 2 from January, 2007 to May, 2025. (Total Trades: 144)
| NOVT | Sector | US Overall Market | |
|---|---|---|---|
| Wining Rate | 47% | 42% | 43% |
| Avg Return | 2.5% | 4.3% | 2.2% |
| Avg Profit | 13.2% | 21.5% | 14.5% |
| Avg Loss | -7% | -8.5% | -7.3% |
| Avg Risk-Reward Ratio | 188.2% | 254.3% | 199.5% |
Update to 2025/5/9 (Daily Update)