Nano Dimension (Israel) Backtesting

NNDM -- Israel Stock  

ILS 143.30  0.70  0.49%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Nano Dimension Ltd and determine expected loss or profit from investing in Nano Dimension over given investment horizon. Please see also Nano Dimension Hype Analysis, Nano Dimension Correlation, Nano Dimension Valuation, Nano Dimension Volatility as well as analyze Nano Dimension Alpha and Beta and Nano Dimension Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Nano Dimension 'What if' Analysis

September 23, 2018
0.00
No Change 0.00  0.0%
In 31 days
October 23, 2018
0.00
If you would invest  0.00  in Nano Dimension on September 23, 2018 and sell it all today you would earn a total of 0.00 from holding Nano Dimension Ltd or generate 0.0% return on investment in Nano Dimension over 30 days. Nano Dimension is related to or competes with Bezeq Israel, Oil Refineries, Perrigo Company, Bank Leumi, Israel Chemicals, NICE Ltd, and Azrieli Group. Nano Dimension Ltd., through its subsidiary, Nano Dimension Technologies Ltd., develops three-dimensional printed circui...

Nano Dimension Upside/Downside Indicators

Information Ratio0.17
Maximum Drawdown5.92
Value At Risk3.57
Potential Upside1.57
  

Nano Dimension Market Premium Indicators

Risk Adjusted Performance0.27
Jensen Alpha0.38
Total Risk Alpha0.19
Treynor Ratio0.74

Nano Dimension Backtested Returns

Macroaxis considers Nano Dimension to be not too risky. Nano Dimension has Sharpe Ratio of -0.1599 which conveys that Nano Dimension had -0.1599% of return per unit of risk over the last 1 month. Macroaxis philosophy towards estimating risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Nano Dimension exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Nano Dimension Ltd Mean Deviation of 1.23 and Risk Adjusted Performance of 0.27 to check out risk estimate we provide. Macroaxis gives Nano Dimension performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of 0.682 which conveys that as returns on market increase, Nano Dimension returns are expected to increase less than the market. However during bear market, the loss on holding Nano Dimension will be expected to be smaller as well.. Even though it is essential to pay attention to Nano Dimension price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Nano Dimension exposes twenty-one different technical indicators which can help you to evaluate its performance. Nano Dimension has expected return of -0.3468%. Please be advised to verify Nano Dimension Ltd Jensen Alpha, Maximum Drawdown and the relationship between Information Ratio and Treynor Ratio to decide if Nano Dimension past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.32) 

Poor reverse predictability

Nano Dimension Ltd has poor reverse predictability. Overlapping area represents the amount of predictability between Nano Dimension time series from September 23, 2018 to October 8, 2018 and October 8, 2018 to October 23, 2018. 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 -0.32 indicates that nearly 32.0% of current Nano Dimension price fluctuation can be explain by its past prices. Given that Nano Dimension Ltd has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Nano Dimension for similar time interval.
Correlation Coefficient-0.32
Spearman Rank Test-0.22
Residual Average0.0
Price Variance16.74

Nano Dimension lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Nano Dimension regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Nano Dimension Lagged Returns

 Regressed Prices 
      Timeline 

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Please see also Nano Dimension Hype Analysis, Nano Dimension Correlation, Nano Dimension Valuation, Nano Dimension Volatility as well as analyze Nano Dimension Alpha and Beta and Nano Dimension Performance. Please also try CEO Directory module to screen ceos from public companies around the world.
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