Nano Dimension Correlations

NNDM Stock

USD 2.13 0.20 10.36%

The current 90-days correlation between Nano Dimension and 3D Systems is 0.44 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nano Dimension moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nano Dimension moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Nano Dimension Correlation With Market

Poor diversification

The correlation between Nano Dimension and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nano Dimension and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Nano Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nano Dimension. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

To learn how to invest in Nano Stock, please use our How to Invest in Nano Dimension guide.

Moving together with Nano Stock

0.68	INTC	Intel Aggressive Push	Pair Corr
0.71	CAT	Caterpillar	Pair Corr
0.65	MCD	McDonalds Earnings Call This Week	Pair Corr
0.77	WMT	Walmart Common Stock Aggressive Push	Pair Corr

Moving against Nano Stock

0.57	MSFT	Microsoft	Pair Corr
0.43	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	DDD	LAW	LSAK	BKKT	VERI	BGIN	RPAY	MVIS	RXT	LPTH
DDD		-0.51	0.24	0.69	-0.04	0.7	0.31	0.18	0.02	0.52	DDD
LAW	-0.51		0.0	-0.33	0.54	-0.32	0.15	0.27	0.41	-0.17	LAW
LSAK	0.24	0.0		-0.23	-0.15	-0.07	0.3	-0.34	-0.42	0.83	LSAK
BKKT	0.69	-0.33	-0.23		0.33	0.79	0.36	0.68	0.55	0.0	BKKT
VERI	-0.04	0.54	-0.15	0.33		0.33	0.62	0.71	0.84	-0.26	VERI
BGIN	0.7	-0.32	-0.07	0.79	0.33		0.41	0.53	0.43	0.01	BGIN
RPAY	0.31	0.15	0.3	0.36	0.62	0.41		0.46	0.48	0.14	RPAY
MVIS	0.18	0.27	-0.34	0.68	0.71	0.53	0.46		0.87	-0.31	MVIS
RXT	0.02	0.41	-0.42	0.55	0.84	0.43	0.48	0.87		-0.44	RXT
LPTH	0.52	-0.17	0.83	0.0	-0.26	0.01	0.14	-0.31	-0.44		LPTH
	DDD	LAW	LSAK	BKKT	VERI	BGIN	RPAY	MVIS	RXT	LPTH

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RXT	+ 0.87	MVIS
RXT	+ 0.84	VERI
LPTH	+ 0.83	LSAK
BGIN	+ 0.79	BKKT
MVIS	+ 0.71	VERI
BGIN	+ 0.7	DDD

High negative correlations

LAW	- 0.51	DDD
LPTH	- 0.44	RXT
RXT	- 0.42	LSAK
MVIS	- 0.34	LSAK
BKKT	- 0.33	LAW
BGIN	- 0.32	LAW

Risk-Adjusted Indicators

There is a big difference between Nano Stock performing well and Nano Dimension Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Nano Dimension's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DDD	4.25	(0.51)	0.00	(0.05)	0.00	0.00	10.55	(7.95)	26.42
LAW	2.83	(0.64)	0.00	(0.50)	0.00	0.00	6.96	(7.18)	26.11
LSAK	1.73	0.02	(0.03)	0.64	2.08	(1.94)	4.36	(3.77)	10.30
BKKT	6.71	(1.25)	0.00	(0.15)	0.00	0.00	12.23	(14.30)	55.99
VERI	4.09	(1.15)	0.00	(0.30)	0.00	0.00	8.33	(9.67)	28.47
BGIN	4.07	(0.46)	0.00	(0.15)	0.00	0.00	8.37	(9.71)	25.24
RPAY	2.31	(0.44)	0.00	(0.28)	0.00	0.00	3.79	(5.88)	16.12
MVIS	3.51	(0.68)	0.00	(0.24)	0.00	0.00	6.52	(7.83)	16.09
RXT	3.14	(1.91)	0.00	(1.26)	0.00	0.00	4.04	(8.20)	24.65
LPTH	4.98	0.47	0.07	0.36	6.37	(4.90)	11.65	(11.18)	31.85

Nano Dimension Corporate Management

Yoav Stern	CEO Chairman	Profile
Nir Sade	Senior AM	Profile
Eric Bader	Cast Manager	Profile
Nicholas Geddes	Chief Officer	Profile
Assaf Zipori	Chief Officer	Profile
Eli David	Chief DeepCube	Profile

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