Novanta is a holding company. Through its subsidiaries, Co. is a supplier of technology solutions to medical and industrial original equipment manufacturers. Co. operates in three segments: Photonics, which designs, manufactures and markets photonics-based solutions, including laser scanning, laser beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products; Vision, which designs, manufactures and markets a range of medical grade technologies; and Precision Motion, which designs, manufactures and markets optical and inductive encoders, precision motor and motion control sub-assemblies, servo drives, air bearings, and air bearing spindles. The NOVT average annual return 10 years is shown above.
The Average Annual Return on the NOVT average annual return 10 years page and across the coverage universe of our site,
is a measure of the annualized return over the past ten years (or specified start date) for a given investment
(up to the end of prior trading session recorded). Arguably, choosing ten years for a measurement
period is on the one hand completely arbitrary, but on the other hand provides a sufficiently long window
to capture long-term trends.
Thus, researching Average Annual Returns is good practice for investors — whether NOVT average annual return 10 years or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's annualized return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the NOVT average annual return calculation with any dividends reinvested as applicable (on ex-dates).
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