Novanta Inc. (NOVT)

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The chart shows the growth of an initial investment of $10,000 in Novanta Inc., comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Novanta Inc. (NOVT) has returned -0.74% so far this year and -7.63% over the past 12 months. Looking at the last ten years, NOVT has achieved an annualized return of 23.73%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.

Based on dividend-adjusted daily data since Jan 4, 2016, NOVT's average daily return is +0.11%, while the average monthly return is +2.23%. At this rate, your investment would double in approximately 2.6 years.

Historically, 59% of months were positive and 41% were negative. The best month was Jul 2022 with a return of +27.2%, while the worst month was Jan 2022 at -21.7%. The longest winning streak lasted 19 consecutive months, and the longest losing streak was 8 months.

On a daily basis, NOVT closed higher 52% of trading days. The best single day was Nov 6, 2018 with a return of +19.6%, while the worst single day was Nov 6, 2025 at -19.0%.

Novanta Inc. has an annualized alpha of 12.03%, beta of 1.32, and R² of 0.39 versus S&P 500 Index. Calculated based on daily prices since January 05, 2016.

• This stock captured 178.42% of S&P 500 Index gains and 126.15% of its losses — amplifying both gains and losses, but participating more in upside than downside.
• R² of 0.39 means the benchmark explains less than half of this stock's behavior — treat beta with caution or consider switching to a more representative benchmark.

NOVT ranks 31 for risk / return — below 31% of stocks on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Novanta Inc. (NOVT) and compare them to a chosen benchmark (S&P 500 Index).

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Novanta Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Novanta Inc. was 46.71%, occurring on Nov 20, 2025. The portfolio has not yet recovered.

The current Novanta Inc. drawdown is 36.57%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of Novanta Inc. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how Novanta Inc. is priced in the market compared to other companies in the Scientific & Technical Instruments industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.