3D Systems (UK) Market Value
| 0QYH Stock | 3.04 0.06 2.01% |
| Symbol | 0QYH |
3D Systems '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 3D Systems' 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 3D Systems.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in 3D Systems on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding 3D Systems Corp or generate 0.0% return on investment in 3D Systems over 30 days. 3D Systems is related to or competes with BE Semiconductor, JD Sports, Telecom Italia, Science In, Elmos Semiconductor, Pets At, and Bet At. 3D Systems is entity of United Kingdom. It is traded as Stock on LSE exchange. More
3D Systems 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 3D Systems' 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 3D Systems Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.3 | |||
| Information Ratio | 0.0639 | |||
| Maximum Drawdown | 35.24 | |||
| Value At Risk | (8.97) | |||
| Potential Upside | 9.62 |
3D Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 3D Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 3D Systems' standard deviation. In reality, there are many statistical measures that can use 3D Systems historical prices to predict the future 3D Systems' volatility.| Risk Adjusted Performance | 0.0747 | |||
| Jensen Alpha | 0.4362 | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | 0.0624 | |||
| Treynor Ratio | 0.7828 |
3D Systems Corp Backtested Returns
3D Systems appears to be dangerous, given 3 months investment horizon. 3D Systems Corp retains Efficiency (Sharpe Ratio) of 0.16, which signifies that the company had a 0.16% return per unit of price deviation over the last 3 months. By evaluating 3D Systems' technical indicators, you can evaluate if the expected return of 0.91% is justified by implied risk. Please makes use of 3D Systems' Standard Deviation of 6.16, market risk adjusted performance of 0.7928, and Coefficient Of Variation of 1159.61 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, 3D Systems holds a performance score of 12. The firm owns a Beta (Systematic Risk) of 0.67, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 3D Systems' returns are expected to increase less than the market. However, during the bear market, the loss of holding 3D Systems is expected to be smaller as well. Please check 3D Systems' market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether 3D Systems' current price history will revert.
Auto-correlation | 0.33 |
Below average predictability
3D Systems Corp has below average predictability. Overlapping area represents the amount of predictability between 3D Systems time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 3D Systems Corp price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current 3D Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
3D Systems Corp lagged returns against current returns
Autocorrelation, which is 3D Systems 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 3D Systems' stock expected returns. We can calculate the autocorrelation of 3D Systems returns to help us make a trade decision. For example, suppose you find that 3D Systems 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 |
3D Systems 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 3D Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 3D Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 3D Systems stock over time.
Current vs Lagged Prices |
| Timeline |
3D Systems Lagged Returns
When evaluating 3D Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 3D Systems stock have on its future price. 3D Systems 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, 3D Systems autocorrelation shows the relationship between 3D Systems stock current value and its past values and can show if there is a momentum factor associated with investing in 3D Systems Corp.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for 0QYH Stock Analysis
When running 3D Systems' price analysis, check to measure 3D Systems' 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 3D Systems is operating at the current time. Most of 3D Systems' value examination focuses on studying past and present price action to predict the probability of 3D Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 3D Systems' price. Additionally, you may evaluate how the addition of 3D Systems to your portfolios can decrease your overall portfolio volatility.