DANIMER SCIENTIFIC (Germany) Market Value
| 6CU Stock | EUR 8.50 0.00 0.00% |
| Symbol | DANIMER |
DANIMER SCIENTIFIC '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 DANIMER SCIENTIFIC'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 DANIMER SCIENTIFIC.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in DANIMER SCIENTIFIC on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding DANIMER SCIENTIFIC or generate 0.0% return on investment in DANIMER SCIENTIFIC over 30 days. DANIMER SCIENTIFIC is related to or competes with Novo Nordisk, CSL, CSL, Mercedes Benz, Vertex Pharmaceuticals, Moderna, and WUXI BIOLOGICS. Corium International, Inc., a biopharmaceutical company, focuses on the development, manufacture, and commercialization ... More
DANIMER SCIENTIFIC 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 DANIMER SCIENTIFIC'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 DANIMER SCIENTIFIC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 28.29 | |||
| Value At Risk | (11.00) | |||
| Potential Upside | 10.99 |
DANIMER SCIENTIFIC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DANIMER SCIENTIFIC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DANIMER SCIENTIFIC's standard deviation. In reality, there are many statistical measures that can use DANIMER SCIENTIFIC historical prices to predict the future DANIMER SCIENTIFIC's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.44) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.55) |
DANIMER SCIENTIFIC Backtested Returns
DANIMER SCIENTIFIC secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. DANIMER SCIENTIFIC exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DANIMER SCIENTIFIC's Mean Deviation of 2.93, standard deviation of 4.98, and Coefficient Of Variation of (1,212) to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.77, which means possible diversification benefits within a given portfolio. As returns on the market increase, DANIMER SCIENTIFIC's returns are expected to increase less than the market. However, during the bear market, the loss of holding DANIMER SCIENTIFIC is expected to be smaller as well. At this point, DANIMER SCIENTIFIC has a negative expected return of -0.51%. Please make sure to confirm DANIMER SCIENTIFIC's information ratio, maximum drawdown, and the relationship between the variance and jensen alpha , to decide if DANIMER SCIENTIFIC performance from the past will be repeated in the future.
Auto-correlation | 0.00 |
No correlation between past and present
DANIMER SCIENTIFIC has no correlation between past and present. Overlapping area represents the amount of predictability between DANIMER SCIENTIFIC time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 DANIMER SCIENTIFIC price movement. The serial correlation of 0.0 indicates that just 0.0% of current DANIMER SCIENTIFIC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
DANIMER SCIENTIFIC lagged returns against current returns
Autocorrelation, which is DANIMER SCIENTIFIC 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 DANIMER SCIENTIFIC's stock expected returns. We can calculate the autocorrelation of DANIMER SCIENTIFIC returns to help us make a trade decision. For example, suppose you find that DANIMER SCIENTIFIC 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 |
DANIMER SCIENTIFIC 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 DANIMER SCIENTIFIC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DANIMER SCIENTIFIC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DANIMER SCIENTIFIC stock over time.
Current vs Lagged Prices |
| Timeline |
DANIMER SCIENTIFIC Lagged Returns
When evaluating DANIMER SCIENTIFIC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DANIMER SCIENTIFIC stock have on its future price. DANIMER SCIENTIFIC 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, DANIMER SCIENTIFIC autocorrelation shows the relationship between DANIMER SCIENTIFIC stock current value and its past values and can show if there is a momentum factor associated with investing in DANIMER SCIENTIFIC.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in DANIMER Stock
When determining whether DANIMER SCIENTIFIC is a strong investment it is important to analyze DANIMER SCIENTIFIC'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 DANIMER SCIENTIFIC's future performance. For an informed investment choice regarding DANIMER Stock, refer to the following important reports:Check out DANIMER SCIENTIFIC Correlation, DANIMER SCIENTIFIC Volatility and DANIMER SCIENTIFIC Alpha and Beta module to complement your research on DANIMER SCIENTIFIC. For more detail on how to invest in DANIMER Stock please use our How to Invest in DANIMER SCIENTIFIC guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
DANIMER SCIENTIFIC 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.