Desktop Metal Stock Market Value
| DM Stock | USD 4.39 0.12 2.81% |
| Symbol | Desktop |
Desktop Metal Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 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 (11.53) | Revenue Per Share 5.349 | Quarterly Revenue Growth (0.27) | Return On Assets (0.17) | Return On Equity (1.38) |
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.
Desktop Metal '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 Desktop Metal'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 Desktop Metal.
| 03/04/2024 |
| 08/31/2024 |
If you would invest 0.00 in Desktop Metal on March 4, 2024 and sell it all today you would earn a total of 0.00 from holding Desktop Metal or generate 0.0% return on investment in Desktop Metal over 180 days. Desktop Metal is related to or competes with Kopin, and Universal Display. Desktop Metal, Inc. engages in manufacture and sale of additive manufacturing technologies for engineers, designers, and... More
Desktop Metal 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 Desktop Metal'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 Desktop Metal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 52.09 | |||
| Value At Risk | (7.33) | |||
| Potential Upside | 6.14 |
Desktop Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Desktop Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Desktop Metal's standard deviation. In reality, there are many statistical measures that can use Desktop Metal historical prices to predict the future Desktop Metal's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (1.15) | |||
| Treynor Ratio | (0.25) |
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 Backtested Returns
Desktop Metal secures Sharpe Ratio (or Efficiency) of -0.0334, which denotes the company had a -0.0334% return per unit of risk over the last 3 months. Desktop Metal exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Desktop Metal's Mean Deviation of 3.85, standard deviation of 6.73, and Variance of 45.3 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.72, which means possible diversification benefits within a given portfolio. As returns on the market increase, Desktop Metal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Desktop Metal is expected to be smaller as well. At this point, Desktop Metal has a negative expected return of -0.23%. Please make sure to confirm Desktop Metal's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Desktop Metal performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Desktop Metal has below average predictability. Overlapping area represents the amount of predictability between Desktop Metal time series from 4th of March 2024 to 2nd of June 2024 and 2nd of June 2024 to 31st of August 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 Desktop Metal price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Desktop Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Desktop Metal lagged returns against current returns
Autocorrelation, which is Desktop Metal 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 Desktop Metal's stock expected returns. We can calculate the autocorrelation of Desktop Metal returns to help us make a trade decision. For example, suppose you find that Desktop Metal 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 |
Desktop Metal 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 Desktop Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Desktop Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Desktop Metal stock over time.
Current vs Lagged Prices |
| Timeline |
Desktop Metal Lagged Returns
When evaluating Desktop Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Desktop Metal stock have on its future price. Desktop Metal 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, Desktop Metal autocorrelation shows the relationship between Desktop Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Desktop Metal.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectAdditional Information and Resources on Investing in Desktop Stock
When determining whether Desktop Metal is a strong investment it is important to analyze Desktop Metal'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 Desktop Metal's future performance. For an informed investment choice regarding Desktop Stock, refer to the following important reports:Check out Desktop Metal Correlation, Desktop Metal Volatility and Desktop Metal Alpha and Beta module to complement your research on Desktop Metal. To learn how to invest in Desktop Stock, please use our How to Invest in Desktop Metal guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Desktop Metal 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.