Nano Dimension Stock Momentum Indicators Average Directional Movement Index
| NNDM Stock | USD 2.49 0.01 0.40% |
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The output start index for this execution was fifty-nine with a total number of output elements of two. The average directional index (ADX) measures the strength of a prevailing trend of Nano Dimension and whether movement exists in the market. The ADX is measured on a scale of 0 to 100. A low Nano Dimension ADX value usually indicates a non-trending market with low volumes, whereas a cross above 20 may indicate the start of a trend. If the ADX is over 40 and begins to fall, it can indicate the slowdown of a current trend. This indicator can also be used to identify non-trending markets, or a deterioration of an ongoing trend. Although market direction is important in its calculation, the ADX is not a directional indicator
Nano Dimension Technical Analysis Modules
Most technical analysis of Nano Dimension help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nano from various momentum indicators to cycle indicators. When you analyze Nano charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Nano Dimension Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nano Dimension. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nano Dimension based on widely used predictive technical indicators. In general, we focus on analyzing Nano Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Nano Dimension's daily price indicators and compare them against related drivers, such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Nano Dimension's intrinsic value. In addition to deriving basic predictive indicators for Nano Dimension, we also check how macroeconomic factors affect Nano Dimension price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2021 | 2022 | 2023 | 2024 (projected) | Graham Number | 9.96 | 9.43 | 4.5 | 4.27 | Receivables Turnover | 2.29 | 6.88 | 2.53 | 2.04 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nano Dimension's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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Nano Dimension pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nano Dimension position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nano Dimension will appreciate offsetting losses from the drop in the long position's value.Nano Dimension Pair Trading
Nano Dimension Pair Trading Analysis
The ability to find closely correlated positions to Nano Dimension could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nano Dimension when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nano Dimension - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nano Dimension to buy it.
The correlation of Nano Dimension is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nano Dimension can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Is Technology Hardware, Storage & Peripherals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nano Dimension. If investors know Nano will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nano Dimension listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.62) | Revenue Per Share 0.24 | Quarterly Revenue Growth 0.017 | Return On Assets (0.06) | Return On Equity (0.15) |
The market value of Nano Dimension is measured differently than its book value, which is the value of Nano that is recorded on the company's balance sheet. Investors also form their own opinion of Nano Dimension's value that differs from its market value or its book value, called intrinsic value, which is Nano Dimension's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nano Dimension's market value can be influenced by many factors that don't directly affect Nano Dimension's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nano Dimension's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nano Dimension is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nano Dimension's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.