3d Systems Stock Market Value
| DDD Stock | USD 3.22 0.11 3.54% |
| Symbol | DDD |
3D Systems Price To Book Ratio
Is Industrial Machinery & Supplies & Components space 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 3D Systems. If investors know DDD 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 3D Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.67) | Revenue Per Share 3.476 | Quarterly Revenue Growth (0.12) | Return On Assets (0.05) | Return On Equity (0.63) |
The market value of 3D Systems is measured differently than its book value, which is the value of DDD that is recorded on the company's balance sheet. Investors also form their own opinion of 3D Systems' value that differs from its market value or its book value, called intrinsic value, which is 3D Systems' 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 3D Systems' market value can be influenced by many factors that don't directly affect 3D Systems' 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 3D Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if 3D Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 3D Systems' 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.
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.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in 3D Systems on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding 3D Systems or generate 0.0% return on investment in 3D Systems over 30 days. 3D Systems is related to or competes with Desktop Metal, Nano Dimension, Markforged Holding, Stratasys, IONQ, D Wave, and HP. 3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions in the Americ... 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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.16 | |||
| Information Ratio | 0.0669 | |||
| Maximum Drawdown | 31.04 | |||
| Value At Risk | (6.21) | |||
| Potential Upside | 11.73 |
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 | 0.0745 | |||
| Jensen Alpha | 0.1648 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.073 | |||
| Treynor Ratio | 0.1522 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 3D Systems' 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.
3D Systems Backtested Returns
3D Systems appears to be risky, given 3 months investment horizon. 3D Systems retains Efficiency (Sharpe Ratio) of 0.09, which signifies that the company had a 0.09% 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 0.51% is justified by implied risk. Please makes use of 3D Systems' Standard Deviation of 5.63, market risk adjusted performance of 0.1622, and Coefficient Of Variation of 1158.11 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 7. The firm owns a Beta (Systematic Risk) of 3.13, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, 3D Systems will likely underperform. Please check 3D Systems' mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to make a quick decision on whether 3D Systems' current price history will revert.
Auto-correlation | -0.29 |
Weak reverse predictability
3D Systems has weak reverse predictability. Overlapping area represents the amount of predictability between 3D Systems time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 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 price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current 3D Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
3D Systems 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.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether 3D Systems is a strong investment it is important to analyze 3D Systems' 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 3D Systems' future performance. For an informed investment choice regarding DDD Stock, refer to the following important reports:Check out 3D Systems Correlation, 3D Systems Volatility and 3D Systems Alpha and Beta module to complement your research on 3D Systems. For information on how to trade DDD Stock refer to our How to Trade DDD Stock guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
3D Systems 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.