Nano Dimension Correlations

NNDM Stock

USD 1.53 0.01 0.65%

The current 90-days correlation between Nano Dimension and 3D Systems is 0.33 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nano Dimension moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nano Dimension moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Nano Dimension Correlation With Market

Very weak diversification

The correlation between Nano Dimension and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nano Dimension and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Nano Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nano Dimension. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

To learn how to invest in Nano Stock, please use our How to Invest in Nano Dimension guide.

Moving against Nano Stock

0.4

SWVLW

Swvl Holdings Corp

Pair Corr

Related Correlations Analysis

	SSYS	DDD	HPQ	CAN	BNGO	SENS	SKLZ	WKHS	GEVO
SSYS		-0.28	0.41	0.08	-0.73	-0.69	0.9	0.32	0.63	SSYS
DDD	-0.28		0.08	0.28	0.59	0.61	-0.57	0.0	-0.27	DDD
HPQ	0.41	0.08		0.22	0.03	-0.06	0.25	-0.14	-0.18	HPQ
CAN	0.08	0.28	0.22		0.21	0.21	-0.02	0.38	0.32	CAN
BNGO	-0.73	0.59	0.03	0.21		0.73	-0.86	-0.29	-0.63	BNGO
SENS	-0.69	0.61	-0.06	0.21	0.73		-0.79	-0.18	-0.51	SENS
SKLZ	0.9	-0.57	0.25	-0.02	-0.86	-0.79		0.32	0.66	SKLZ
WKHS	0.32	0.0	-0.14	0.38	-0.29	-0.18	0.32		0.73	WKHS
GEVO	0.63	-0.27	-0.18	0.32	-0.63	-0.51	0.66	0.73		GEVO
	SSYS	DDD	HPQ	CAN	BNGO	SENS	SKLZ	WKHS	GEVO

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SKLZ	+ 0.9	SSYS
SENS	+ 0.73	BNGO
GEVO	+ 0.73	WKHS
GEVO	+ 0.66	SKLZ
GEVO	+ 0.63	SSYS
SENS	+ 0.61	DDD

High negative correlations

SKLZ	- 0.86	BNGO
SKLZ	- 0.79	SENS
BNGO	- 0.73	SSYS
SENS	- 0.69	SSYS
GEVO	- 0.63	BNGO
SKLZ	- 0.57	DDD

Risk-Adjusted Indicators

There is a big difference between Nano Stock performing well and Nano Dimension Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Nano Dimension's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SSYS	1.58	0.07	0.06	0.19	1.48	(1.92)	3.78	(2.44)	19.27
DDD	4.20	(0.38)	(0.02)	0.00	6.59	(4.79)	7.93	(6.80)	41.46
HPQ	1.41	(0.06)	(0.02)	0.08	1.96	(1.55)	2.83	(2.54)	15.06
CAN	5.47	0.12	0.07	0.17	5.26	(7.22)	12.64	(10.14)	45.03
BNGO	2.05	(0.64)	0.00	(0.42)	0.00	0.00	4.00	(6.33)	12.99
SENS	2.72	(0.22)	0.00	(0.02)	0.00	0.00	6.00	(5.26)	29.86
SKLZ	2.15	0.67	0.27	0.71	1.86	(2.44)	5.58	(3.23)	14.92
WKHS	6.91	1.33	0.13	5.25	7.95	(8.64)	18.00	(10.00)	91.28
GEVO	3.74	0.36	0.09	0.40	4.03	(4.17)	7.64	(7.03)	19.68

Nano Dimension Corporate Management

Zivi Nedivi	President	Profile
Tamir Margalit	Senior Development	Profile
Yoav Stern	CEO Chairman	Profile
Meg Pyers	Vice Marketing	Profile
Nir Sade	Senior AM	Profile

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