Nano Dimension Stock Market Value
| NNDM Stock | USD 2.21 0.02 0.91% |
| Symbol | Nano |
Nano Dimension Price To Book Ratio
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.
Nano Dimension 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nano Dimension's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nano Dimension.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Nano Dimension on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Nano Dimension or generate 0.0% return on investment in Nano Dimension over 30 days. Nano Dimension is related to or competes with Rigetti Computing, D Wave, IONQ, Desktop Metal, Quantum Computing, Ageagle Aerial, and AGM Group. Nano Dimension Ltd., together with its subsidiaries, provides additive electronics in Israel and internationally More
Nano Dimension Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nano Dimension's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nano Dimension upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.46 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 15.26 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 3.07 |
Nano Dimension Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nano Dimension's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nano Dimension's standard deviation. In reality, there are many statistical measures that can use Nano Dimension historical prices to predict the future Nano Dimension's volatility.| Risk Adjusted Performance | 0.0097 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0) |
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.
Nano Dimension Backtested Returns
As of now, Nano Stock is slightly risky. Nano Dimension has Sharpe Ratio of 0.0185, which conveys that the firm had a 0.0185% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nano Dimension, which you can use to evaluate the volatility of the firm. Please verify Nano Dimension's Mean Deviation of 2.08, downside deviation of 2.46, and Risk Adjusted Performance of 0.0097 to check out if the risk estimate we provide is consistent with the expected return of 0.0507%. Nano Dimension has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.57, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nano Dimension's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nano Dimension is expected to be smaller as well. Nano Dimension right now secures a risk of 2.74%. Please verify Nano Dimension expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if Nano Dimension will be following its current price movements.
Auto-correlation | -0.35 |
Poor reverse predictability
Nano Dimension has poor reverse predictability. Overlapping area represents the amount of predictability between Nano Dimension time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nano Dimension price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Nano Dimension price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nano Dimension lagged returns against current returns
Autocorrelation, which is Nano Dimension stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nano Dimension's stock expected returns. We can calculate the autocorrelation of Nano Dimension returns to help us make a trade decision. For example, suppose you find that Nano Dimension has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Nano Dimension regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nano Dimension stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nano Dimension stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nano Dimension stock over time.
Current vs Lagged Prices |
| Timeline |
Nano Dimension Lagged Returns
When evaluating Nano Dimension's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nano Dimension stock have on its future price. Nano Dimension autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nano Dimension autocorrelation shows the relationship between Nano Dimension stock current value and its past values and can show if there is a momentum factor associated with investing in Nano Dimension.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Nano Dimension Correlation, Nano Dimension Volatility and Nano Dimension Alpha and Beta module to complement your research on Nano Dimension. To learn how to invest in Nano Stock, please use our How to Invest in Nano Dimension guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Nano Dimension technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.