Xometry Stock Market Value
| XMTR Stock | USD 36.63 1.87 5.38% |
| Symbol | Xometry |
Xometry Price To Book Ratio
Is Trading Companies & Distributors 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 Xometry. If investors know Xometry 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 Xometry listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.05) | Revenue Per Share 10.783 | Quarterly Revenue Growth 0.191 | Return On Assets (0.07) | Return On Equity (0.16) |
The market value of Xometry is measured differently than its book value, which is the value of Xometry that is recorded on the company's balance sheet. Investors also form their own opinion of Xometry's value that differs from its market value or its book value, called intrinsic value, which is Xometry'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 Xometry's market value can be influenced by many factors that don't directly affect Xometry'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 Xometry's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xometry is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xometry'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.
Xometry '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 Xometry'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 Xometry.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Xometry on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Xometry or generate 0.0% return on investment in Xometry over 30 days. Xometry is related to or competes with Crane, Flowserve, Hillenbrand, Middleby Corp, IDEX, Dover, and Graco. Xometry, Inc. operates a marketplace that enables buyers to source manufactured parts and assemblies in the United State... More
Xometry 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 Xometry'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 Xometry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | 0.2366 | |||
| Maximum Drawdown | 22.93 | |||
| Value At Risk | (4.15) | |||
| Potential Upside | 8.28 |
Xometry Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xometry's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xometry's standard deviation. In reality, there are many statistical measures that can use Xometry historical prices to predict the future Xometry's volatility.| Risk Adjusted Performance | 0.1934 | |||
| Jensen Alpha | 0.9826 | |||
| Total Risk Alpha | 0.6481 | |||
| Sortino Ratio | 0.4677 | |||
| Treynor Ratio | 0.7066 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Xometry'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.
Xometry Backtested Returns
Xometry is not too volatile given 3 months investment horizon. Xometry shows Sharpe Ratio of 0.24, which attests that the company had a 0.24% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.03% are justified by taking the suggested risk. Use Xometry Mean Deviation of 2.85, downside deviation of 2.19, and Market Risk Adjusted Performance of 0.7166 to evaluate company specific risk that cannot be diversified away. Xometry holds a performance score of 18 on a scale of zero to a hundred. The firm maintains a market beta of 1.56, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Xometry will likely underperform. Use Xometry potential upside, as well as the relationship between the accumulation distribution and price action indicator , to analyze future returns on Xometry.
Auto-correlation | 0.37 |
Below average predictability
Xometry has below average predictability. Overlapping area represents the amount of predictability between Xometry time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th of December 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 Xometry price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Xometry price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 1.65 |
Xometry lagged returns against current returns
Autocorrelation, which is Xometry 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 Xometry's stock expected returns. We can calculate the autocorrelation of Xometry returns to help us make a trade decision. For example, suppose you find that Xometry 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 |
Xometry 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 Xometry stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xometry stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xometry stock over time.
Current vs Lagged Prices |
| Timeline |
Xometry Lagged Returns
When evaluating Xometry's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xometry stock have on its future price. Xometry 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, Xometry autocorrelation shows the relationship between Xometry stock current value and its past values and can show if there is a momentum factor associated with investing in Xometry.
Regressed Prices |
| Timeline |
Pair Trading with Xometry
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 Xometry 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 Xometry will appreciate offsetting losses from the drop in the long position's value.Moving together with Xometry Stock
Moving against Xometry Stock
The ability to find closely correlated positions to Xometry could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xometry 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 Xometry - 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 Xometry to buy it.
The correlation of Xometry 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 Xometry moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xometry 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 Xometry 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.Additional Tools for Xometry Stock Analysis
When running Xometry's price analysis, check to measure Xometry's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Xometry is operating at the current time. Most of Xometry's value examination focuses on studying past and present price action to predict the probability of Xometry's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xometry's price. Additionally, you may evaluate how the addition of Xometry to your portfolios can decrease your overall portfolio volatility.