Desktop Stock Performance


USD 1.98  0.04  2.06%   

The firm shows a Beta (market volatility) of 1.6995, 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-one 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 variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Desktop Metal performance from the past will be repeated at some point in the near future.
Desktop Performance
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Over the last 90 days Desktop Metal has generated negative risk-adjusted returns adding no value to investors with long positions. Even with uncertain performance in the last few months, the Stock's primary indicators remain relatively steady which may send shares a bit higher in January 2023. The new chaos may also be a sign of medium-term up-swing for the company stakeholders. ...more

Desktop Price Channel

Begin Period Cash Flow484137000.00
Total Cashflows From Investing Activities-427294000.00

Desktop Metal Relative Risk vs. Return Landscape

If you would invest  304.00  in Desktop Metal on September 5, 2022 and sell it today you would lose (110.00)  from holding Desktop Metal or give up 36.18% of portfolio value over 90 days. Desktop Metal is generating negative expected returns and assumes 5.1424% volatility on return distribution over the 90 days horizon. Put differently, 44% of stocks are less risky than Desktop on the basis of their historical return distribution, and some 99% of all equities are expected to be superior in generating returns on investments over the next 90 days.
  Daily Expected Return (%)  
       Risk (%)  
Allowing for the 90-day total investment horizon Desktop Metal is expected to generate 0.41 times more return on investment than the market. However, the company is 2.43 times less risky than the market. It trades about -0.11 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly -0.11 per unit of risk.

Desktop Metal Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Desktop Metal's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Desktop Metal, and traders can use it to determine the average amount a Desktop Metal's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.1106

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Estimated Market Risk
  actual daily
 44 %
of total potential
Expected Return
  actual daily
 0 %
of total potential
Risk-Adjusted Return
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 0 %
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Based on monthly moving average Desktop Metal is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Desktop Metal by adding it to a well-diversified portfolio.

About Desktop Metal Performance

To evaluate Desktop Metal Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Desktop Metal generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Desktop Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Desktop Metal market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Desktop's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Desktop Metal, Inc. engages in manufacture and sale of additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company was founded in 2015 and is headquartered in Burlington, Massachusetts. Desktop Metal operates under Computer Hardware classification in the United States and is traded on New York Stock Exchange. It employs 1370 people.

Things to note about Desktop Metal

Checking the ongoing alerts about Desktop Metal for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Desktop Metal help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Desktop Metal Alerts

Equity Alerts and Improvement Suggestions

Desktop Metal generated a negative expected return over the last 90 days
Desktop Metal has high historical volatility and very poor performance
Desktop Metal may become a speculative penny stock
The company generated the yearly revenue of 112.41 M. Annual Net Loss to common stockholders was (240.33 M) with gross profit of 20.49 M.
Desktop Metal reports about 65.02 M in cash with (155.05 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.81.
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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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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
616.1 M
Quarterly Revenue Growth YOY
Return On Assets
Return On Equity
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.