Desktop Metal Stock Market Value

DM Stock  USD 0.46  0.05  9.80%   
Desktop Metal's market value is the price at which a share of Desktop Metal stock trades on a public exchange. It measures the collective expectations of Desktop Metal investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Desktop Metal and determine expected loss or profit from investing in Desktop Metal over a given investment horizon.
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.
Symbol

Desktop Metal Valuation

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
(1.45)
Revenue Per Share
0.618
Quarterly Revenue Growth
(0.09)
Return On Assets
(0.13)
Return On Equity
(0.76)
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.
0.00
03/04/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
02/22/2024
0.00
If you would invest  0.00  in Desktop Metal on March 4, 2022 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 720 days. Desktop Metal is related to or competes with Voxeljet, Wetouch Technology, Fathom Digital, Canaan, 3D Systems, One Stop, and Strong Global. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Desktop Metal in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
0.020.477.61
Details
Intrinsic
Valuation
LowRealHigh
0.051.088.22
Details
2 Analysts
Consensus
LowTargetHigh
2.612.873.19
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.07-0.04-0.07
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Desktop Metal. Your research has to be compared to or analyzed against Desktop Metal's peers to derive any actionable benefits. When done correctly, Desktop Metal's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Desktop Metal.

Desktop Metal Backtested Returns

Desktop Metal secures Sharpe Ratio (or Efficiency) of -0.0765, which denotes the company had -0.0765% return per unit of risk over the last 3 months. Our standpoint towards predicting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Desktop Metal exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please confirm Desktop Metal's Mean Deviation of 5.29, standard deviation of 6.95, and Variance of 48.33 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 5.06, 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, Desktop Metal will likely underperform. Our philosophy towards predicting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Desktop Metal has an expected return of -0.55%. Please make sure to confirm Desktop Metal skewness, as well as the relationship between the rate of daily change and period momentum indicator to decide if Desktop Metal performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.69  

Good predictability

Desktop Metal has good predictability. Overlapping area represents the amount of predictability between Desktop Metal time series from 4th of March 2022 to 27th of February 2023 and 27th of February 2023 to 22nd of February 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 0.69 indicates that around 69.0% of current Desktop Metal price fluctuation can be explain by its past prices.
Correlation Coefficient0.69
Spearman Rank Test0.63
Residual Average0.0
Price Variance0.33

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 stock 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 stock 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  

Pair Trading with Desktop Metal

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 Desktop Metal 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 Desktop Metal will appreciate offsetting losses from the drop in the long position's value.

Moving against Desktop Stock

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The ability to find closely correlated positions to Desktop Metal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Desktop Metal 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 Desktop Metal - 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 Desktop Metal to buy it.
The correlation of Desktop Metal is a statistical measure of how it moves in relation to other equities. 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 Desktop Metal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Desktop Metal 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 Desktop Metal 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.
Pair CorrelationCorrelation Matching
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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Complementary Tools for Desktop Stock analysis

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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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.
A focus of Desktop Metal technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Desktop Metal trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...