Novo nordisk as NVO.US Swing Trading Analysis
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)NVO Swing Trading Score
3
24
15
Explosive Bullish
- AI analysis rates NVO with the highest swing trading score of 5.
- It is mainly due to the positive AI swing signal,along with the relatively low short-term volatility.
- Furthermore, based on historical backtesting, when entering with a swing trading score of 5 and exiting with a score of 1, resulted in 18 trades with a 38.89% win rate and an average profit/loss of 14.85%.
NVO Historical Swing Trading Score
You can use historical scores of 3 or above to observe potential performance and make investment decisions.
NVO 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 NVO from 2007/01 till Now
- 562.97%
- Cumulative Return
- 10.84%
- Annual Return
- 23.69%
- Volatility
- 0.46
- 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: 120)
| NVO | Sector | US Overall Market | |
|---|---|---|---|
| Wining Rate | 50% | 39% | 43% |
| Avg Return | 2.1% | 1.5% | 2.3% |
| Avg Profit | 8.7% | 18.8% | 14.6% |
| Avg Loss | -4.5% | -9.9% | -7.2% |
| Avg Risk-Reward Ratio | 192.1% | 190.8% | 202% |
Update to 2025/5/29 (Daily Update)