3dx Industries Stock Market Value
| DDDX Stock | USD 0.01 0.0006 6.00% |
| Symbol | 3Dx |
3Dx Industries '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 3Dx Industries' pink sheet 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 3Dx Industries.
| 06/12/2023 |
| 12/03/2024 |
If you would invest 0.00 in 3Dx Industries on June 12, 2023 and sell it all today you would earn a total of 0.00 from holding 3Dx Industries or generate 0.0% return on investment in 3Dx Industries over 540 days. 3Dx Industries is related to or competes with D Wave, Quantum Computing, Rigetti Computing, Nano Dimension, Stratasys, Desktop Metal, and 3D Systems. 3DX Industries, Inc. manufactures and sells consumer and corporate products using an additive manufacturing method throu... More
3Dx Industries 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 3Dx Industries' pink sheet 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 3Dx Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.23 | |||
| Information Ratio | 0.0037 | |||
| Maximum Drawdown | 133.0 | |||
| Value At Risk | (17.65) | |||
| Potential Upside | 14.74 |
3Dx Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 3Dx Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 3Dx Industries' standard deviation. In reality, there are many statistical measures that can use 3Dx Industries historical prices to predict the future 3Dx Industries' volatility.| Risk Adjusted Performance | 0.0182 | |||
| Jensen Alpha | 0.1411 | |||
| Total Risk Alpha | (2.27) | |||
| Sortino Ratio | 0.0037 | |||
| Treynor Ratio | 0.5896 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 3Dx Industries' 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.
3Dx Industries Backtested Returns
3Dx Industries appears to be out of control, given 3 months investment horizon. 3Dx Industries secures Sharpe Ratio (or Efficiency) of 0.0193, which signifies that the company had a 0.0193% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for 3Dx Industries, which you can use to evaluate the volatility of the firm. Please makes use of 3Dx Industries' Mean Deviation of 6.93, risk adjusted performance of 0.0182, and Downside Deviation of 16.23 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, 3Dx Industries holds a performance score of 1. The firm shows a Beta (market volatility) of 0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 3Dx Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding 3Dx Industries is expected to be smaller as well. Please check 3Dx Industries' downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to make a quick decision on whether 3Dx Industries' price patterns will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
3Dx Industries has very weak reverse predictability. Overlapping area represents the amount of predictability between 3Dx Industries time series from 12th of June 2023 to 8th of March 2024 and 8th of March 2024 to 3rd 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 3Dx Industries price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current 3Dx Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
3Dx Industries lagged returns against current returns
Autocorrelation, which is 3Dx Industries pink sheet'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 3Dx Industries' pink sheet expected returns. We can calculate the autocorrelation of 3Dx Industries returns to help us make a trade decision. For example, suppose you find that 3Dx Industries has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
3Dx Industries 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 3Dx Industries pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 3Dx Industries pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 3Dx Industries pink sheet over time.
Current vs Lagged Prices |
| Timeline |
3Dx Industries Lagged Returns
When evaluating 3Dx Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 3Dx Industries pink sheet have on its future price. 3Dx Industries 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, 3Dx Industries autocorrelation shows the relationship between 3Dx Industries pink sheet current value and its past values and can show if there is a momentum factor associated with investing in 3Dx Industries.
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.Additional Tools for 3Dx Pink Sheet Analysis
When running 3Dx Industries' price analysis, check to measure 3Dx Industries' 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 3Dx Industries is operating at the current time. Most of 3Dx Industries' value examination focuses on studying past and present price action to predict the probability of 3Dx Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 3Dx Industries' price. Additionally, you may evaluate how the addition of 3Dx Industries to your portfolios can decrease your overall portfolio volatility.