Desktop Stock Market Value

DM
 Stock
  

USD 2.05  0.01  0.49%   

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. Continue to Desktop Metal Correlation, Desktop Metal Volatility and Desktop Metal Alpha and Beta module to complement your research on Desktop Metal.
Symbol


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.
Market Capitalization
647.9 M
Quarterly Revenue Growth YOY
0.85
Return On Assets
(0.13) 
Return On Equity
(0.59) 
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 Desktop Metal value 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
07/01/2022
No Change 0.00  0.0 
In 4 months and 31 days
11/28/2022
0.00
If you would invest  0.00  in Desktop Metal on July 1, 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 150 days. Desktop Metal is related to or competes with Microsoft Corp, Unitedhealth, Exxon, Ulta Beauty, Berkshire Hathaway, FUBON FINANCIAL, and Bristol Myer. 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
LowEstimated ValueHigh
0.102.067.05
Details
Intrinsic
Valuation
LowReal ValueHigh
0.234.699.68
Details
Naive
Forecast
LowNext ValueHigh
0.0431252.167.15
Details
5 Analysts
Consensus
LowTarget PriceHigh
11.0012.6716.00
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 towards taking a position in Desktop Metal.

Desktop Metal Backtested Returns

Desktop Metal secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had -0.11% of return per unit of risk over the last 3 months. Macroaxis 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-seven different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Desktop Metal coefficient of variation of (760.53), and Mean Deviation of 3.85 to check the risk estimate we provide.
The firm shows a Beta (market volatility) of 1.4904, which means a somewhat significant risk relative to the market. Let's try to break down what Desktop's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Desktop Metal will likely underperform. Even though it is essential to pay attention to Desktop Metal historical returns, it is always good to be careful when utilizing equity current trending patterns. 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 exposes twenty-seven different technical indicators, which can help you to evaluate its performance. Desktop Metal has an expected return of -0.57%. Please be advised to confirm Desktop Metal semi variance, and the relationship between the maximum drawdown and accumulation distribution to decide if Desktop Metal performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.6  

Good reverse predictability

Desktop Metal has good reverse predictability. Overlapping area represents the amount of predictability between Desktop Metal time series from 1st of July 2022 to 14th of September 2022 and 14th of September 2022 to 28th of November 2022. 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 -0.6 indicates that roughly 60.0% of current Desktop Metal price fluctuation can be explain by its past prices.
Correlation Coefficient-0.6
Spearman Rank Test-0.55
Residual Average0.0
Price Variance0.1

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   
Share
       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   
Share
       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   
Share
       Timeline  

Desktop Metal Investors Sentiment

The influence of Desktop Metal's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Desktop. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Desktop Metal's public news can be used to forecast risks associated with investment in Desktop. The trend in average sentiment can be used to explain how an investor holding Desktop can time the market purely based on public headlines and social activities around Desktop Metal. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Desktop Metal's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Desktop Metal's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Desktop Metal's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Desktop Metal.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Desktop Metal in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Desktop Metal's short interest history, or implied volatility extrapolated from Desktop Metal options trading.

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 Metal

-0.74MRKMerck Company TrendingPairCorr
-0.51GEOGeo Group Normal TradingPairCorr
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
Continue to Desktop Metal Correlation, Desktop Metal Volatility and Desktop Metal Alpha and Beta module to complement your research on Desktop Metal. You can also try Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for analysis

When running Desktop Metal 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 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...