Novanta Stock Technical Analysis
| NOVT Stock | USD 116.76 -2.78 -2.33% |
As of the 15th of March 2026, Novanta reports 116.76 per share in the latest quote. Technical drivers report Downside Deviation of 2.55, mean deviation of 2.05, and Risk Adjusted Performance of 0.0231. Price momentum and volatility relationships form the basis of the analysis. Cross-sectional analysis places indicator values in market context.
Novanta Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Novanta, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NovantaNovanta's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.Analyst Consensus
| Target Price | Consensus | # of Analysts | |
| 160.0 | Buy | 4 | Odds |
The summary for Novanta includes current and past analyst recommendations. The summary includes average consensus context. Following analyst revisions on Novanta over time reveals trends in institutional sentiment. A string of consecutive target increases for Novanta often correlates with improving business fundamentals and rising earnings momentum.
Quarterly Earnings Growth 0.006 | Earnings Share 1.47 | Revenue Per Share | Quarterly Revenue Growth 0.085 | Return On Assets |
Market capitalization and book value offer complementary views of Novanta — the first driven by investor sentiment, the second by accounting standards. Novanta's market capitalization is 4.17 B. With a P/B ratio of 3.17, the market values Novanta well above its book equity. Enterprise value stands at 4.09 B. The intrinsic value concept focuses on underlying worth, which can diverge from market price and book value. Valuation work aligns these measures into a single context.
Value and price for Novanta are related but not identical, and they can diverge across cycles. For Novanta, key inputs include a P/E ratio of 126.2, a P/B ratio of 3.17, a profit margin of 5.49%, and ROE of 5.23%. Trading price represents the transaction level agreed by market participants.
What if' Analysis
Running a what-if backtest on Novanta gives investors a practical way to test how changes in horizon, position size, or market timing might have affected the result. Used properly, this review helps investors decide whether Novanta's historical reward profile was stable enough to support the current thesis.
| 12/15/2025 |
| 03/15/2026 |
A 0.00 position in Novanta initiated on December 15, 2025 and held to today would record 0.00 in cumulative gains. Overall, this is a 0.0% cumulative return in Novanta in aggregate over 90 days. Novanta competes with or is related to Itron, OSI Systems, Sensata Technologies, Vicor, Badger Meter, ESCO Technologies, and Vontier Corp. The comparison helps frame competitive context. Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision... More
Momentum Range Indicators for Novanta Summary
Upside/downside measures for Novanta frame directional pressure and range behavior. This view helps summarize momentum conditions without implying direction.
| Downside Deviation | 2.55 | |||
| Information Ratio | 0.0318 | |||
| Maximum Drawdown | 17.17 | |||
| Value At Risk | -3.93 | |||
| Potential Upside | 5.1 |
Volatility and Risk Indicators for Novanta Summary
These indicators track Novanta's volatility and return range dynamics. The measures summarize variability without implying direction.| Risk Adjusted Performance | 0.0231 | |||
| Jensen Alpha | 0.1203 | |||
| Total Risk Alpha | 0.2125 | |||
| Sortino Ratio | 0.0364 | |||
| Treynor Ratio | 0.0298 |
Valuation-driven investors use mean reversion to time Novanta's investments: buying when it trades materially below its historical average valuation multiples and selling when it reaches premium territory.
Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0231 | |||
| Market Risk Adjusted Performance | 0.0398 | |||
| Mean Deviation | 2.05 | |||
| Semi Deviation | 2.5 | |||
| Downside Deviation | 2.55 | |||
| Coefficient Of Variation | 5023.86 | |||
| Standard Deviation | 2.92 | |||
| Variance | 8.51 | |||
| Information Ratio | 0.0318 | |||
| Jensen Alpha | 0.1203 | |||
| Total Risk Alpha | 0.2125 | |||
| Sortino Ratio | 0.0364 | |||
| Treynor Ratio | 0.0298 | |||
| Maximum Drawdown | 17.17 | |||
| Value At Risk | -3.93 | |||
| Potential Upside | 5.1 | |||
| Downside Variance | 6.52 | |||
| Semi Variance | 6.26 | |||
| Expected Short fall | -2.17 | |||
| Skewness | 1.1 | |||
| Kurtosis | 3.59 |
Novanta Backtested Returns
Novanta suggests a very low volatility profile over the observed timeframe. It has a Sharpe Ratio of close to zero, which indicates that close to zero units of return per unit of risk over the last 3 months. We identified twenty-nine technical indicators supporting this volatility profile. Please assess metrics such as mean deviation of 2.05, downside deviation of 2.55, and risk-adjusted performance of 0.0231 to evaluate statistical risk alignment. The firm retains a Market Volatility (i.e., Beta) of 1.61, which conveys a somewhat significant risk relative to the market. With a beta above 1, Novanta typically delivers outsized gains in rising markets at the cost of steeper drawdowns. Novanta at this moment retains a risk of 2.98%. Please validate Novanta the relationship between the Semi Variance and rate of daily change.
Auto-correlation | -0.69 |
Very good reverse predictability
Serial correlation analysis for Novanta reveals very good reverse predictability across the intervals from 15th of December 2025 to 29th of January 2026 and from 29th of January 2026 to 15th of March 2026. The degree of alignment between past and current intervals shapes expectations about Novanta's price persistence. At -0.69, around 69.0% of current Novanta price movement aligns with historical price trajectory. Given that Novanta has negative autocorrelation for the selected time horizon, market participants may evaluate potential contrarian price behavior over comparable future intervals.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 58.24 |
Technical analysis for Novanta evaluates price and volume patterns over time. The view references moving averages, RSI, regressions, and chart pattern signals.
Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 Novanta volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Technical Analysis Methodology & Indicators
Technical analysis of Novanta evaluates price structure, momentum, and volatility clustering. Signal reliability can vary across market regimes and liquidity conditions. Novanta has a market cap of 4.17 B, P/E of 126.2, ROE of 5.23%.
For Novanta, this section uses periodic company reporting and market reference feeds with Macroaxis normalization rules applied to keep cross-asset comparisons consistent. Analyst inputs may be included when coverage is available. Intraday timing differences may exist.
This content is curated and reviewed by:
Ellen Johnson - Member of Macroaxis Editorial BoardNovanta Technical Indicators
A technical review of Novanta can improve timing discipline by comparing momentum, reversal risk, and confirmation signals across several time horizons. The stronger process confirms one signal with others instead of reacting to one pattern in isolation.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0231 | |||
| Market Risk Adjusted Performance | 0.0398 | |||
| Mean Deviation | 2.05 | |||
| Semi Deviation | 2.5 | |||
| Downside Deviation | 2.55 | |||
| Coefficient Of Variation | 5023.86 | |||
| Standard Deviation | 2.92 | |||
| Variance | 8.51 | |||
| Information Ratio | 0.0318 | |||
| Jensen Alpha | 0.1203 | |||
| Total Risk Alpha | 0.2125 | |||
| Sortino Ratio | 0.0364 | |||
| Treynor Ratio | 0.0298 | |||
| Maximum Drawdown | 17.17 | |||
| Value At Risk | -3.93 | |||
| Potential Upside | 5.1 | |||
| Downside Variance | 6.52 | |||
| Semi Variance | 6.26 | |||
| Expected Short fall | -2.17 | |||
| Skewness | 1.1 | |||
| Kurtosis | 3.59 |
March 15, 2026 Daily Trend Indicators
A technical review of Novanta can improve timing discipline by comparing momentum, reversal risk, and confirmation signals across several time horizons. The stronger process confirms one signal with others instead of reacting to one pattern in isolation.
| Accumulation Distribution | 0.06 | ||
| Daily Balance Of Power | -0.39 | ||
| Rate Of Daily Change | 0.98 | ||
| Day Median Price | 118.58 | ||
| Day Typical Price | 117.97 | ||
| Price Action Indicator | -3.21 | ||
| Market Facilitation Index | 7.16 |
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