Nano Dimension Correlations

NNDM Stock

USD 2.13 0.01 0.47%

The current 90-days correlation between Nano Dimension and 3D Systems is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nano Dimension moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nano Dimension moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Nano Dimension Correlation With Market

Good diversification

The correlation between Nano Dimension and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nano Dimension and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nano Dimension. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

To learn how to invest in Nano Stock, please use our How to Invest in Nano Dimension guide.

Moving together with Nano Stock

0.61	MOVE	Movano Inc	Pair Corr
0.75	AI	C3 Ai Inc	Pair Corr
0.64	BMR	Beamr Imaging	Pair Corr
0.69	CRM	Salesforce Sell-off Trend	Pair Corr
0.75	HKD	AMTD Digital	Pair Corr
0.68	TTD	Trade Desk	Pair Corr
0.66	ASAN	Asana Inc	Pair Corr
0.66	CXAI	CXApp Inc	Pair Corr

Moving against Nano Stock

0.51	GB	Global Blue Group	Pair Corr
0.41	INTC	Intel	Pair Corr
0.68	GORO	Gold Resource	Pair Corr
0.66	INVX	Innovex International, Symbol Change	Pair Corr
0.52	KEY-PI	KeyCorp	Pair Corr
0.46	CDR-PB	Cedar Realty Trust	Pair Corr
0.43	NVRO	Nevro Corp	Pair Corr
0.42	TCTZF	Tencent Holdings Downward Rally	Pair Corr
0.39	MRLWF	Marlowe plc	Pair Corr
0.38	MFON	Mobivity Holdings	Pair Corr
0.34	AXSM	Axsome Therapeutics	Pair Corr
0.33	BAOB	Baraboo Bancorporation	Pair Corr

Related Correlations Analysis

	DM	DDD	VLD	MKFG	SSYS	IONQ	QBTS	PSTG	DELL	NTAP
DM		0.25	0.0	0.71	0.08	0.35	0.26	0.28	0.5	0.32	DM
DDD	0.25		0.0	0.13	0.67	0.39	-0.23	0.63	0.45	0.64	DDD
VLD	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	VLD
MKFG	0.71	0.13	0.0		-0.27	0.6	0.03	0.58	0.69	0.61	MKFG
SSYS	0.08	0.67	0.0	-0.27		-0.07	-0.19	0.18	-0.04	0.15	SSYS
IONQ	0.35	0.39	0.0	0.6	-0.07		0.25	0.82	0.7	0.77	IONQ
QBTS	0.26	-0.23	0.0	0.03	-0.19	0.25		-0.12	0.2	-0.16	QBTS
PSTG	0.28	0.63	0.0	0.58	0.18	0.82	-0.12		0.71	0.94	PSTG
DELL	0.5	0.45	0.0	0.69	-0.04	0.7	0.2	0.71		0.78	DELL
NTAP	0.32	0.64	0.0	0.61	0.15	0.77	-0.16	0.94	0.78		NTAP
	DM	DDD	VLD	MKFG	SSYS	IONQ	QBTS	PSTG	DELL	NTAP

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

NTAP	+ 0.94	PSTG
PSTG	+ 0.82	IONQ
NTAP	+ 0.78	DELL
NTAP	+ 0.77	IONQ
MKFG	+ 0.71	DM
DELL	+ 0.71	PSTG

High negative correlations

SSYS	- 0.27	MKFG
QBTS	- 0.23	DDD
QBTS	- 0.19	SSYS
NTAP	- 0.16	QBTS
PSTG	- 0.12	QBTS
IONQ	- 0.07	SSYS

Risk-Adjusted Indicators

There is a big difference between Nano Stock performing well and Nano Dimension Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Nano Dimension's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DM	4.78	(0.34)	0.00	(0.28)	0.00	0.00	12.64	(10.66)	27.05
DDD	3.90	(0.17)	0.00	(0.40)	0.00	0.00	9.11	(6.96)	35.49
VLD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MKFG	2.96	(0.44)	0.00	(0.37)	0.00	0.00	5.05	(6.40)	26.54
SSYS	2.53	0.07	0.03	0.02	2.57	(3.24)	6.12	(3.48)	27.38
IONQ	6.72	0.14	0.00	(0.01)	0.00	0.00	16.99	(13.83)	62.59
QBTS	10.76	2.30	0.19	4.19	10.91	(12.71)	26.55	(18.02)	80.73
PSTG	2.34	(0.19)	0.00	(0.25)	0.00	0.00	4.17	(5.79)	20.50
DELL	2.32	(0.19)	0.00	(0.31)	0.00	0.00	3.96	(4.74)	12.66
NTAP	1.65	(0.38)	0.00	(0.87)	0.00	0.00	2.13	(4.09)	18.97

Nano Dimension Corporate Management

Zivi Nedivi	President	Profile
Tamir Margalit	Senior Development	Profile
Yoav Stern	CEO Chairman	Profile
Meg Pyers	Vice Marketing	Profile
Nir Sade	Senior AM	Profile

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