Nano Dimension (Germany) Market Value
| 2N5B Stock | EUR 2.32 0.04 1.69% |
| Symbol | Nano |
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.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in Nano Dimension on January 1, 2023 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 720 days. Nano Dimension is related to or competes with HP, Dell Technologies, SEIKO EPSON, Corsair Gaming, Mhlbauer Holding, ELECOM CO, and Nano Dimension. 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 | 2.94 | |||
| Information Ratio | 0.0745 | |||
| Maximum Drawdown | 19.3 | |||
| Value At Risk | (4.39) | |||
| Potential Upside | 5.0 |
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 | 0.0736 | |||
| Jensen Alpha | 0.2935 | |||
| Total Risk Alpha | 0.2001 | |||
| Sortino Ratio | 0.097 | |||
| Treynor Ratio | 0.492 |
Nano Dimension Backtested Returns
Nano Dimension appears to be very risky, given 3 months investment horizon. Nano Dimension has Sharpe Ratio of 0.082, which conveys that the firm had a 0.082% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nano Dimension, which you can use to evaluate the volatility of the firm. Please exercise Nano Dimension's Risk Adjusted Performance of 0.0736, downside deviation of 2.94, and Mean Deviation of 2.67 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nano Dimension holds a performance score of 6. The company secures a Beta (Market Risk) of 0.62, 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. Please check Nano Dimension's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Nano Dimension's current price movements will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
Nano Dimension has very weak reverse predictability. Overlapping area represents the amount of predictability between Nano Dimension time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st 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 Nano Dimension price movement. The serial correlation of -0.02 indicates that only 2.0% of current Nano Dimension price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
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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Additional Information and Resources on Investing in Nano Stock
When determining whether Nano Dimension is a strong investment it is important to analyze Nano Dimension's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nano Dimension's future performance. For an informed investment choice regarding Nano Stock, refer to the following important reports:Check out Nano Dimension Correlation, Nano Dimension Volatility and Nano Dimension Alpha and Beta module to complement your research on Nano Dimension. For more detail on how to invest in Nano Stock please use our How to Invest in Nano Dimension guide.You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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.