Novo Nordisk (NVO) Daily/Weekly Backtest Results

Buy indicator:            
            [ What are these indicators? | Switch to NVO's monthly backtests ]
Profit target:             [ A higher % profit will take longer and is less likely to be achieved ]
Expectancy: 4.67%.   Win rate: 85.71%.   Sharpe Ratio: -0.2.   Maximum drawdown: 32.67% on 23 November 2016.
Mean CAGR: 50.25%. Time in market: 920 days.   Hypothetical return: $1000 would be worth $1171.69 on 18 October 2022.
Key: change_history : profitable trade change_history : breakeven trade (minimal loss after 2 years) change_history : losing trade (not profitable in a 2 year timeframe)


*Transaction costs, taxes and dividends are excluded from these calculations. Past performance may not necessarily be a reliable guide to future performance.

Calculations for Novo Nordisk

Expectancy is the percentage profit or loss you would expect to make on the next purchase of this stock with an entry point at the specified signal and profit target as set above. Given a large enough sample size, a positive expectancy indicates the trading strategy is likely to be profitable.

Expectancy calculation for 7 signal(s) occurring before 31 January 2024 for a 5% profit target: (85.71% * 5.42%) + (14.29% * 0.19%) - (0% * 0%) = 4.67%.
Wins: 6 Breakevens: 1 Losses: 0

The Sharpe Ratio calculation assumes a risk free return rate of 2% per calendar year. Ideally the ratio should be a positive number. A higher positive number indicates the strategy has a more attractive risk adjusted rate of return for this particular buy signal and stock over the chart's timeframe.

Novo Nordisk Analysis

Market sector: Healthcare.

External links: Seeking Alpha Research, Zacks Research.

These links may show useful information about why a stock's price has fallen significantly.

 

26 week low Backtest Summary

This table summarises how profitable it would have been to have bought this stock at each 26 week low entry signal. Hover over the icons to see more details of the particular trade, including the maximum percentage drawdown and how long it took to reach the desired percentage profit.

Key:   disabled_by_default = profit point not achieved. select_check_box = profit point achieved with CAGR above 15%.
select_check_box = profit point achieved with CAGR of between 5% and 15%. select_check_box = profit point achieved but CAGR was less than 5%.

Signal Date Price Performance (mouseover for details)
5% 6% 7.5% 10% 20%
05 February 2026 $44.19 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt schedule schedule schedule
24 November 2025 $44.20 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt
29 July 2025 $53.94 select_check_box electric_boltelectric_bolt select_check_box electric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt schedule
13 February 2025 $79.18 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt schedule
20 December 2024 $83.86 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_bolt select_check_box electric_bolt schedule schedule
29 October 2024 $111.80 schedule schedule schedule schedule schedule
27 September 2024 $120.66 schedule schedule schedule schedule schedule
16 September 2022 $50.70 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt
04 October 2018 $20.83 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt
07 June 2018 $22.20 select_check_box electric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box
19 April 2018 $23.03 select_check_box select_check_box electric_bolt select_check_box select_check_box select_check_box
11 November 2016 $15.60 select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_bolt select_check_box select_check_box electric_bolt
27 September 2016 $20.34 select_check_box select_check_box select_check_box select_check_box select_check_box
11 August 2016 $21.62 select_check_box select_check_box select_check_box select_check_box select_check_box

 

The data for Novo Nordisk (exchange: XNYS symbol: NVO) was last updated 07 Feb 2026 12:42. Data for this stock is available from 01 Dec 2015 - 06 Feb 2026.