Danimer Scientific Stock Market Value
| DNMR Stock | USD 6.50 0.50 8.33% |
| Symbol | Danimer |
Danimer Scientific Price To Book Ratio
Is Specialty Chemicals 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 Danimer Scientific. If investors know Danimer 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 Danimer Scientific listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (40.40) | Revenue Per Share 14.984 | Quarterly Revenue Growth (0.41) | Return On Assets (0.09) | Return On Equity (0.46) |
The market value of Danimer Scientific is measured differently than its book value, which is the value of Danimer that is recorded on the company's balance sheet. Investors also form their own opinion of Danimer Scientific's value that differs from its market value or its book value, called intrinsic value, which is Danimer Scientific'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 Danimer Scientific's market value can be influenced by many factors that don't directly affect Danimer Scientific'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 Danimer Scientific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Danimer Scientific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Danimer Scientific'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.
Danimer Scientific '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 Danimer Scientific'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 Danimer Scientific.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Danimer Scientific on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Danimer Scientific or generate 0.0% return on investment in Danimer Scientific over 90 days. Danimer Scientific is related to or competes with LyondellBasell Industries, International Flavors, Cabot, Westlake Chemical, Air Products, Orion Engineered, and Minerals Technologies. Danimer Scientific, Inc., a performance polymer company, develops, produces, and provides bioplastic replacements for tr... More
Danimer Scientific 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 Danimer Scientific'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 Danimer Scientific upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 43.45 | |||
| Value At Risk | (14.00) | |||
| Potential Upside | 13.85 |
Danimer Scientific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Danimer Scientific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Danimer Scientific's standard deviation. In reality, there are many statistical measures that can use Danimer Scientific historical prices to predict the future Danimer Scientific's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.94) | |||
| Total Risk Alpha | (2.22) | |||
| Treynor Ratio | (0.56) |
Danimer Scientific Backtested Returns
Danimer Scientific secures Sharpe Ratio (or Efficiency) of -0.0957, which denotes the company had a -0.0957% return per unit of risk over the last 3 months. Danimer Scientific exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Danimer Scientific's Variance of 76.03, mean deviation of 6.19, and Standard Deviation of 8.72 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.37, which means 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, Danimer Scientific will likely underperform. At this point, Danimer Scientific has a negative expected return of -0.83%. Please make sure to confirm Danimer Scientific's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Danimer Scientific performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.81 |
Excellent reverse predictability
Danimer Scientific has excellent reverse predictability. Overlapping area represents the amount of predictability between Danimer Scientific time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Danimer Scientific price movement. The serial correlation of -0.81 indicates that around 81.0% of current Danimer Scientific price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 16.74 |
Danimer Scientific lagged returns against current returns
Autocorrelation, which is Danimer Scientific 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 Danimer Scientific's stock expected returns. We can calculate the autocorrelation of Danimer Scientific returns to help us make a trade decision. For example, suppose you find that Danimer Scientific 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 |
Danimer Scientific 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 Danimer Scientific stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Danimer Scientific stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Danimer Scientific stock over time.
Current vs Lagged Prices |
| Timeline |
Danimer Scientific Lagged Returns
When evaluating Danimer Scientific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Danimer Scientific stock have on its future price. Danimer Scientific 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, Danimer Scientific autocorrelation shows the relationship between Danimer Scientific stock current value and its past values and can show if there is a momentum factor associated with investing in Danimer Scientific.
Regressed Prices |
| Timeline |
Pair Trading with Danimer Scientific
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 Danimer Scientific 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 Danimer Scientific will appreciate offsetting losses from the drop in the long position's value.Moving together with Danimer Stock
Moving against Danimer Stock
| 0.8 | WTTR | Select Energy Services | PairCorr |
| 0.79 | WDFC | WD 40 Company | PairCorr |
| 0.77 | ECVT | Ecovyst Potential Growth | PairCorr |
| 0.66 | ESI | Element Solutions | PairCorr |
| 0.45 | ALB | Albemarle Corp | PairCorr |
The ability to find closely correlated positions to Danimer Scientific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danimer Scientific 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 Danimer Scientific - 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 Danimer Scientific to buy it.
The correlation of Danimer Scientific 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 Danimer Scientific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danimer Scientific 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 Danimer Scientific 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 Danimer Stock Analysis
When running Danimer Scientific's price analysis, check to measure Danimer Scientific'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 Danimer Scientific is operating at the current time. Most of Danimer Scientific's value examination focuses on studying past and present price action to predict the probability of Danimer Scientific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Danimer Scientific's price. Additionally, you may evaluate how the addition of Danimer Scientific to your portfolios can decrease your overall portfolio volatility.