Macroaxis gives Nano Dimension performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of 0.5456 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 -0.0386%. 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.
|Horizon||30 Days Login to change|
Nano Dimension Relative Risk vs. Return LandscapeIf you would invest 13,790 in Nano Dimension Ltd on November 14, 2018 and sell it today you would lose (120.00) from holding Nano Dimension Ltd or give up 0.87% of portfolio value over 30 days. Nano Dimension Ltd is generating negative expected returns and assumes 2.254% volatility on return distribution over the 30 days horizon. Simply put, 20% of equities are less volatile than Nano Dimension Ltd and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
Nano Dimension Market Risk Analysis
Sharpe Ratio = -0.0171
Nano Dimension Relative Performance Indicators
Estimated Market Risk
Risk-Adjusted PerformanceOver the last 30 days Nano Dimension Ltd has generated negative risk-adjusted returns adding no value to investors with long positions.