Desktop Competitors
DM Stock | USD 0.83 0.02 1.81% |
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Desktop |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Desktop Metal'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.
Desktop Metal Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Desktop Metal and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Desktop and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Desktop Metal does not affect the price movement of the other competitor.
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High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Desktop Stock performing well and Desktop Metal Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Desktop Metal's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
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NNDM | 2.09 | (0.01) | 0.03 | 0.08 | 2.71 | 3.82 | 10.64 | |||
DDD | 3.18 | (0.66) | 0.00 | (0.14) | 0.00 | 5.70 | 32.81 | |||
MKFG | 3.93 | (0.33) | 0.00 | (0.13) | 0.00 | 8.06 | 25.74 | |||
SSYS | 2.21 | (0.62) | 0.00 | (0.19) | 0.00 | 4.24 | 16.01 | |||
HPQ | 1.01 | (0.16) | 0.00 | (0.06) | 0.00 | 1.81 | 7.21 | |||
CAN | 6.38 | (0.99) | 0.00 | (0.11) | 0.00 | 20.31 | 50.27 | |||
QBTS | 7.20 | 1.31 | 0.23 | 0.46 | 5.81 | 17.82 | 45.33 | |||
RGTI | 5.86 | 0.10 | 0.07 | 0.11 | 5.64 | 15.38 | 32.61 | |||
SMCI | 5.23 | 0.92 | 0.15 | 0.38 | 6.43 | 14.02 | 56.01 |
Cross Equities Net Income Analysis
Compare Desktop Metal and related stocks such as Nano Dimension, 3D Systems, and Markforged Holding Corp Net Income Over Time
Select Fundamental2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
NNDM | (8 K) | (8 K) | (8 K) | (268.2 K) | (3.6 M) | (5.4 M) | (9 M) | (18.1 M) | (15.5 M) | (16.6 M) | (46.5 M) | (200.8 M) | (228.3 M) | (54.5 M) | (57.3 M) |
DDD | (5.1 M) | 35.4 M | 38.9 M | 44.1 M | 11.6 M | (655.5 M) | (38.4 M) | (66.2 M) | (45.5 M) | (69.6 M) | (149.6 M) | 322.1 M | (122.9 M) | (370.4 M) | (351.9 M) |
MKFG | (31.3 M) | (31.3 M) | (31.3 M) | (31.3 M) | (31.3 M) | (31.3 M) | (31.3 M) | (31.3 M) | (31.3 M) | (31.3 M) | (18 M) | 3.9 M | (25.4 M) | (103.6 M) | (98.4 M) |
SSYS | (1000 K) | 20.6 M | 8.5 M | (27 M) | (119.4 M) | (1.4 B) | (77.2 M) | (40 M) | (11 M) | (10.7 M) | (440.2 M) | (62.9 M) | (23.2 M) | (123.1 M) | (116.9 M) |
HPQ | 489 M | (12.7 B) | 5.1 B | 5 B | 4.6 B | 2.5 B | 2.5 B | 5.3 B | 3.2 B | 2.8 B | 6.5 B | 3.1 B | 3.3 B | 3.8 B | 3.1 B |
CAN | 375.8 M | 375.8 M | 375.8 M | 375.8 M | 375.8 M | 375.8 M | 375.8 M | 375.8 M | 122.4 M | (109.2 M) | 6.5 M | 309.1 M | 658.2 M | (414.2 M) | (393.4 M) |
QBTS | (18.2 M) | (18.2 M) | (18.2 M) | (18.2 M) | (18.2 M) | (18.2 M) | (18.2 M) | (18.2 M) | (18.2 M) | (18.2 M) | (18.2 M) | (34.1 M) | (39 M) | (82.7 M) | (78.6 M) |
RGTI | (54.9 M) | (54.9 M) | (54.9 M) | (54.9 M) | (54.9 M) | (54.9 M) | (54.9 M) | (54.9 M) | (54.9 M) | (54.9 M) | (17.2 M) | (38.2 M) | (36.5 M) | (75.1 M) | (71.4 M) |
SMCI | 2.2 M | 29.9 M | 21.3 M | 54.2 M | 101.9 M | 72 M | 66.9 M | 46.2 M | 69.3 M | 84.3 M | 111.9 M | 285.2 M | 640 M | 736 M | 772.8 M |
Desktop Metal and related stocks such as Nano Dimension, 3D Systems, and Markforged Holding Corp Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Desktop Metal financial statement analysis. It represents the amount of money remaining after all of Desktop Metal operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Desktop Metal Competitive Analysis
The better you understand Desktop Metal competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Desktop Metal's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Desktop Metal's competition over several years is one of the best ways to analyze its investment potential.Better Than Average | Worse Than Peers | View Performance Chart |
Desktop Metal Competition Performance Charts
Five steps to successful analysis of Desktop Metal Competition
Desktop Metal's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Desktop Metal in relation to its competition. Desktop Metal's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Desktop Metal in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Desktop Metal's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Desktop Metal, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Desktop Metal position
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Measuring and Control Equipment
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Check out Desktop Metal Correlation with its peers. To learn how to invest in Desktop Stock, please use our How to Invest in Desktop Metal guide.You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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When running Desktop Metal's price analysis, check to measure Desktop Metal'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 Desktop Metal is operating at the current time. Most of Desktop Metal's value examination focuses on studying past and present price action to predict the probability of Desktop Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Desktop Metal's price. Additionally, you may evaluate how the addition of Desktop Metal to your portfolios can decrease your overall portfolio volatility.
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Is Desktop Metal's industry 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 Desktop Metal. If investors know Desktop 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 Desktop Metal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.00) | Revenue Per Share 0.589 | Quarterly Revenue Growth (0.14) | Return On Assets (0.16) | Return On Equity (0.84) |
The market value of Desktop Metal is measured differently than its book value, which is the value of Desktop that is recorded on the company's balance sheet. Investors also form their own opinion of Desktop Metal's value that differs from its market value or its book value, called intrinsic value, which is Desktop Metal'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 Desktop Metal's market value can be influenced by many factors that don't directly affect Desktop Metal'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 Desktop Metal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Desktop Metal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Desktop Metal'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.