Socket Mobile Stock Probability of Future Stock Price Finishing Over 1.47
| SCKT Stock | USD 1.50 0.03 2.04% |
Socket |
Socket Mobile Target Price Odds to finish over 1.47
The tendency of Socket Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 1.47 in 90 days |
| 1.50 | 90 days | 1.47 | near 1 |
Based on a normal probability distribution, the odds of Socket Mobile to stay above $ 1.47 in 90 days from now is near 1 (This Socket Mobile probability density function shows the probability of Socket Stock to fall within a particular range of prices over 90 days) . Probability of Socket Mobile price to stay between $ 1.47 and its current price of $1.5 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days Socket Mobile has a beta of 0.44. This usually implies as returns on the market go up, Socket Mobile average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Socket Mobile will be expected to be much smaller as well. Additionally Socket Mobile has an alpha of 0.6047, implying that it can generate a 0.6 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Socket Mobile Price Density |
| Price |
Predictive Modules for Socket Mobile
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Socket Mobile. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Socket Mobile Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Socket Mobile is not an exception. The market had few large corrections towards the Socket Mobile's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Socket Mobile, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Socket Mobile within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.60 | |
β | Beta against Dow Jones | 0.44 | |
σ | Overall volatility | 0.1 | |
Ir | Information ratio | 0.14 |
Socket Mobile Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Socket Mobile for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Socket Mobile can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Socket Mobile may become a speculative penny stock | |
| Socket Mobile had very high historical volatility over the last 90 days | |
| Socket Mobile has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 17.03 M. Net Loss for the year was (1.92 M) with profit before overhead, payroll, taxes, and interest of 10.37 M. | |
| Socket Mobile has a frail financial position based on the latest SEC disclosures | |
| About 33.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from simplywall.st: Socket Mobile, Inc.s 27 percent Share Price Surge Not Quite Adding Up |
Socket Mobile Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Socket Stock often depends not only on the future outlook of the current and potential Socket Mobile's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Socket Mobile's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 7.2 M | |
| Cash And Short Term Investments | 2.8 M |
Socket Mobile Technical Analysis
Socket Mobile's future price can be derived by breaking down and analyzing its technical indicators over time. Socket Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Socket Mobile. In general, you should focus on analyzing Socket Stock price patterns and their correlations with different microeconomic environments and drivers.
Socket Mobile Predictive Forecast Models
Socket Mobile's time-series forecasting models is one of many Socket Mobile's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Socket Mobile's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Socket Mobile
Checking the ongoing alerts about Socket Mobile for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Socket Mobile help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Socket Mobile may become a speculative penny stock | |
| Socket Mobile had very high historical volatility over the last 90 days | |
| Socket Mobile has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 17.03 M. Net Loss for the year was (1.92 M) with profit before overhead, payroll, taxes, and interest of 10.37 M. | |
| Socket Mobile has a frail financial position based on the latest SEC disclosures | |
| About 33.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from simplywall.st: Socket Mobile, Inc.s 27 percent Share Price Surge Not Quite Adding Up |
Additional Tools for Socket Stock Analysis
When running Socket Mobile's price analysis, check to measure Socket Mobile's 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 Socket Mobile is operating at the current time. Most of Socket Mobile's value examination focuses on studying past and present price action to predict the probability of Socket Mobile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Socket Mobile's price. Additionally, you may evaluate how the addition of Socket Mobile to your portfolios can decrease your overall portfolio volatility.