The Singing Machine Price on December 6, 2023

MICSDelisted Stock  USD 0.35  0.05  16.67%   
If you're considering investing in Singing Stock, it is important to understand the factors that can impact its price. As of today, the current price of Singing Machine stands at 0.35, as last reported on the 3rd of December, with the highest price reaching 0.36 and the lowest price hitting 0.30 during the day. Singing Machine owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. The Singing Machine exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Singing Machine's Coefficient Of Variation of (13,084), variance of 101.1, and Risk Adjusted Performance of 0.0034 to confirm the risk estimate we provide.
  
Singing Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1106

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Estimated Market Risk

 9.15
  actual daily
81
81% of assets are less volatile

Expected Return

 -1.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.11
  actual daily
0
Most of other assets perform better
Based on monthly moving average Singing Machine is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Singing Machine by adding Singing Machine to a well-diversified portfolio.

Singing Machine Valuation on December 6, 2023

It is possible to determine the worth of Singing Machine on a given historical date. On December 6, 2023 Singing was worth 1.22 at the beginning of the trading date compared to the closed value of 1.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Singing Machine stock. Still, in general, we apply an absolute valuation method to find Singing Machine's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Singing Machine where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Singing Machine's related companies.
 Open High Low Close Volume
  1.16    1.17    1.08    1.16    39,600  
12/06/2023
  1.22    1.22    1.14    1.16    21,400  
  1.16    1.19    1.11    1.14    9,600  
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Open Value
1.22
1.16
Closing Value
28.67
Upside

Singing Machine Trading Date Momentum on December 6, 2023

On December 07 2023 The Singing Machine was traded for  1.14  at the closing time. The top price for the day was 1.19  and the lowest listed price was  1.11 . The trading volume for the day was 9.6 K. The trading history from December 7, 2023 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.72% . The trading price change against the current closing price is 7.76% .

Singing Machine Fundamentals Correlations and Trends

By evaluating Singing Machine's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Singing Machine's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Singing financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Singing Machine Stock history

Singing Machine investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Singing is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Singing Machine will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Singing Machine stock prices may prove useful in developing a viable investing in Singing Machine
The Singing Machine Company, Inc., together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Europe, and Australia. The Singing Machine Company, Inc. was incorporated in 1982 and is headquartered in Fort Lauderdale, Florida. Singing Machine operates under Consumer Electronics classification in the United States and is traded on NASDAQ Exchange. It employs 32 people.

Singing Machine Stock Technical Analysis

Singing Machine 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, delisted stock market cycles, or different charting patterns.
A focus of Singing Machine technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Singing Machine trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Singing Machine Period Price Range

Low
December 3, 2024
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High

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 0.00 

The Singing Machine cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Singing Machine December 3, 2024 Market Strength

Market strength indicators help investors to evaluate how Singing Machine stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Singing Machine shares will generate the highest return on investment. By undertsting and applying Singing Machine stock market strength indicators, traders can identify The Singing Machine entry and exit signals to maximize returns

Singing Machine Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Singing Machine's price direction in advance. Along with the technical and fundamental analysis of Singing Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Singing to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

Other Consideration for investing in Singing Stock

If you are still planning to invest in Singing Machine check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Singing Machine's history and understand the potential risks before investing.
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