NOVT vs. AUTO.L
NOVT (Novanta Inc.) and AUTO.L (Auto Trader Group plc) are both stocks. NOVT operates in Scientific & Technical Instruments (Technology), while AUTO.L operates in Internet Content & Information (Communication Services). Over the past 10 years, NOVT returned 26.29%/yr vs 1.76%/yr for AUTO.L. At a 0.22 correlation, their price movements are largely independent.
Performance
NOVT vs. AUTO.L - Performance Comparison
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Different Trading Currencies
NOVT is traded in USD, while AUTO.L is traded in GBp. To make them comparable, the AUTO.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NOVT achieves a 38.75% return, which is significantly higher than AUTO.L's -21.31% return. Over the past 10 years, NOVT has outperformed AUTO.L with an annualized return of 26.29%, while AUTO.L has yielded a comparatively lower 1.76% annualized return.
NOVT
- 1D
- -1.10%
- 1M
- 24.80%
- YTD
- 38.75%
- 6M
- 40.61%
- 1Y
- 30.36%
- 3Y*
- 0.30%
- 5Y*
- 3.46%
- 10Y*
- 26.29%
AUTO.L
- 1D
- 3.40%
- 1M
- -6.98%
- YTD
- -21.31%
- 6M
- -23.40%
- 1Y
- -41.93%
- 3Y*
- -5.40%
- 5Y*
- -3.46%
- 10Y*
- 1.76%
NOVT vs. AUTO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOVT Novanta Inc. | 38.75% | -22.11% | -9.29% | 23.95% | -22.95% | 49.15% | 33.67% | 40.38% | 26.00% | 138.10% |
AUTO.L Auto Trader Group plc | -21.31% | -19.42% | 9.42% | 49.48% | -36.77% | 24.02% | 3.72% | 37.84% | 23.35% | -4.18% |
Correlation
The correlation between NOVT and AUTO.L is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.22 |
The correlation between NOVT and AUTO.L shifts across timeframes, from 0.06 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NOVT:
$6.80B
AUTO.L:
£3.90B
NOVT:
$1.41
AUTO.L:
£0.67
NOVT:
116.75
AUTO.L:
6.88
NOVT:
32.56
AUTO.L:
0.96
NOVT:
6.24
AUTO.L:
3.23
NOVT:
5.18
AUTO.L:
9.58
NOVT:
$1.00B
AUTO.L:
£1.23B
NOVT:
$444.51M
AUTO.L:
£924.60M
NOVT:
$150.84M
AUTO.L:
£807.60M
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Return for Risk
NOVT vs. AUTO.L — Risk / Return Rank
NOVT
AUTO.L
NOVT vs. AUTO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novanta Inc. (NOVT) and Auto Trader Group plc (AUTO.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| NOVT | AUTO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.17 | ||
| Sortino ratioReturn per unit of downside risk | +3.49 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.72 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | -0.86 | +1.99 |
| Martin ratioReturn relative to average drawdown | 2.37 | -1.50 | +3.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NOVT | AUTO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | -1.55 | +2.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | -0.12 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.06 | +0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.18 | +0.53 |
Drawdowns
NOVT vs. AUTO.L - Drawdown Comparison
The maximum NOVT drawdown since its inception was -46.71%, smaller than the maximum AUTO.L drawdown of -52.59%. Use the drawdown chart below to compare losses from any high point for NOVT and AUTO.L.
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Drawdown Indicators
| NOVT | AUTO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.71% | -52.59% | +5.88% |
Max Drawdown (1Y)Largest decline over 1 year | -26.97% | -48.49% | +21.52% |
Max Drawdown (3Y)Largest decline over 3 years | -46.71% | -52.59% | +5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -46.71% | -52.59% | +5.88% |
Max Drawdown (10Y)Largest decline over 10 years | -46.71% | -52.59% | +5.88% |
Current DrawdownCurrent decline from peak | -11.33% | -49.07% | +37.74% |
Average DrawdownAverage peak-to-trough decline | -12.28% | -16.22% | +3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.85% | 27.89% | -15.04% |
Volatility
NOVT vs. AUTO.L - Volatility Comparison
Novanta Inc. (NOVT) has a higher volatility of 15.93% compared to Auto Trader Group plc (AUTO.L) at 14.10%. This indicates that NOVT's price experiences larger fluctuations and is considered to be riskier than AUTO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOVT | AUTO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.93% | 14.10% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 32.94% | 22.68% | +10.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.69% | 27.02% | +21.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.99% | 28.23% | +11.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.89% | 30.84% | +8.05% |
Dividends
NOVT vs. AUTO.L - Dividend Comparison
NOVT has not paid dividends to shareholders, while AUTO.L's dividend yield for the trailing twelve months is around 2.37%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AUTO.L Auto Trader Group plc | 2.37% | 1.81% | 1.21% | 1.16% | 2.11% | 0.68% | 0.40% | 1.13% | 1.30% | 1.47% | 0.37% |
NOVT Novanta Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NOVT vs. AUTO.L - Financials Comparison
This section allows you to compare key financial metrics between Novanta Inc. and Auto Trader Group plc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
NOVT vs. AUTO.L - Profitability Comparison
NOVT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Novanta Inc. reported a gross profit of 113.58M and revenue of 257.71M. Therefore, the gross margin over that period was 44.1%.
AUTO.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Auto Trader Group plc reported a gross profit of 233.00M and revenue of 306.60M. Therefore, the gross margin over that period was 76.0%.
NOVT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Novanta Inc. reported an operating income of 27.54M and revenue of 257.71M, resulting in an operating margin of 10.7%.
AUTO.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Auto Trader Group plc reported an operating income of 190.60M and revenue of 306.60M, resulting in an operating margin of 62.2%.
NOVT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Novanta Inc. reported a net income of 21.10M and revenue of 257.71M, resulting in a net margin of 8.2%.
AUTO.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Auto Trader Group plc reported a net income of 143.00M and revenue of 306.60M, resulting in a net margin of 46.6%.
Frequently Asked Questions
NOVT and AUTO.L have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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