3D Systems (Germany) Market Value
| SYV Stock | EUR 3.04 0.03 0.98% |
| Symbol | SYV |
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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in 3D Systems on October 27, 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 Universal Insurance, United Insurance, SPARTAN STORES, BRIT AMER, Retail Estates, and Goosehead Insurance. 3D Systems Corporation, through its subsidiaries, provides three-dimensional printing products and services worldwide 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 | 4.9 | |||
| Information Ratio | 0.087 | |||
| Maximum Drawdown | 34.23 | |||
| Value At Risk | (7.25) | |||
| Potential Upside | 9.56 |
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 | 0.0936 | |||
| Jensen Alpha | 0.3203 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0974 | |||
| Treynor Ratio | 0.2598 |
3D Systems Backtested Returns
3D Systems appears to be very risky, given 3 months investment horizon. 3D Systems retains Efficiency (Sharpe Ratio) of 0.14, which signifies that the company had a 0.14% 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 0.73% is justified by implied risk. Please makes use of 3D Systems' Market Risk Adjusted Performance of 0.2698, standard deviation of 5.49, and Coefficient Of Variation of 902.55 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 10. The firm owns a Beta (Systematic Risk) of 2.3, 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 | -0.05 |
Very weak reverse predictability
3D Systems has very weak reverse predictability. Overlapping area represents the amount of predictability between 3D Systems time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 -0.05 indicates that only as little as 5.0% of current 3D Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.21 | |
| 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 |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in SYV Stock
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 SYV 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 more detail on how to invest in SYV Stock please use our How to Invest in 3D Systems guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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.