Sonim Technologies Stock Price on May 17, 2023
If you're considering investing in Sonim Stock, it is important to understand the factors that can impact its price. Sonim Technologies appears to be very risky, given 3 months investment horizon. Sonim Technologies 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. We have found twenty-one technical indicators for Sonim Technologies, which you can use to evaluate the volatility of the company. Please review Sonim Technologies' Coefficient Of Variation of 879.59, semi deviation of 2.89, and Risk Adjusted Performance of 0.0949 to confirm if our risk estimates are consistent with your expectations.
Sonim Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Sonim |
Sharpe Ratio = 0.1137
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Estimated Market Risk
| 4.25 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.48 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Sonim Technologies is performing at about 8% of its full potential. 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 Sonim Technologies by adding it to a well-diversified portfolio.
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.
Price Boundaries
Sonim Technologies Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Sonim Technologies 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.
Sonim Technologies December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Sonim Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sonim Technologies shares will generate the highest return on investment. By undertsting and applying Sonim Technologies stock market strength indicators, traders can identify Sonim Technologies entry and exit signals to maximize returns
Sonim Technologies Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sonim Technologies' price direction in advance. Along with the technical and fundamental analysis of Sonim Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sonim 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.
| Risk Adjusted Performance | 0.0949 | |||
| Jensen Alpha | 0.3286 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.11 | |||
| Treynor Ratio | 0.3381 |
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| Volume Indicators |
Check out World Market Map 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 board of governors. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Other Tools for Sonim Stock
When running Sonim Technologies' price analysis, check to measure Sonim Technologies' 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 Sonim Technologies is operating at the current time. Most of Sonim Technologies' value examination focuses on studying past and present price action to predict the probability of Sonim Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sonim Technologies' price. Additionally, you may evaluate how the addition of Sonim Technologies to your portfolios can decrease your overall portfolio volatility.
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