908 Devices Stock Market Value
| MASS Stock | USD 2.56 0.08 3.23% |
| Symbol | 908 |
908 Devices Price To Book Ratio
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 908 Devices. If investors know 908 will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 908 Devices listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.79) | Revenue Per Share 1.648 | Quarterly Revenue Growth 0.173 | Return On Assets (0.16) | Return On Equity (0.40) |
The market value of 908 Devices is measured differently than its book value, which is the value of 908 that is recorded on the company's balance sheet. Investors also form their own opinion of 908 Devices' value that differs from its market value or its book value, called intrinsic value, which is 908 Devices' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 908 Devices' market value can be influenced by many factors that don't directly affect 908 Devices' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 908 Devices' value and its price as these two are different measures arrived at by different means. Investors typically determine if 908 Devices is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 908 Devices' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
908 Devices '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 908 Devices' 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 908 Devices.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in 908 Devices on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding 908 Devices or generate 0.0% return on investment in 908 Devices over 30 days. 908 Devices is related to or competes with Inari Medical, CONMED, Glaukos Corp, Nevro Corp, Medtronic PLC, Monogram Orthopaedics, and Butterfly Network. 908 Devices Inc., a commercial-stage technology company, provides various purpose-built handheld and desktop mass spectr... More
908 Devices 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 908 Devices' 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 908 Devices upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 30.05 | |||
| Value At Risk | (5.82) | |||
| Potential Upside | 5.51 |
908 Devices Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 908 Devices' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 908 Devices' standard deviation. In reality, there are many statistical measures that can use 908 Devices historical prices to predict the future 908 Devices' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.88) | |||
| Total Risk Alpha | (1.18) | |||
| Treynor Ratio | (0.23) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 908 Devices' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
908 Devices Backtested Returns
908 Devices retains Efficiency (Sharpe Ratio) of -0.13, which signifies that the company had a -0.13% return per unit of price deviation over the last 3 months. 908 Devices exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 908 Devices' Variance of 22.58, information ratio of (0.15), and Market Risk Adjusted Performance of (0.22) to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 2.81, 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, 908 Devices will likely underperform. At this point, 908 Devices has a negative expected return of -0.62%. Please make sure to confirm 908 Devices' total risk alpha, as well as the relationship between the kurtosis and market facilitation index , to decide if 908 Devices performance from the past will be repeated sooner or later.
Auto-correlation | -0.08 |
Very weak reverse predictability
908 Devices has very weak reverse predictability. Overlapping area represents the amount of predictability between 908 Devices time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 908 Devices price movement. The serial correlation of -0.08 indicates that barely 8.0% of current 908 Devices price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
908 Devices lagged returns against current returns
Autocorrelation, which is 908 Devices 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 908 Devices' stock expected returns. We can calculate the autocorrelation of 908 Devices returns to help us make a trade decision. For example, suppose you find that 908 Devices 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 |
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908 Devices 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 908 Devices stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 908 Devices stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 908 Devices stock over time.
Current vs Lagged Prices |
| Timeline |
908 Devices Lagged Returns
When evaluating 908 Devices' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 908 Devices stock have on its future price. 908 Devices 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, 908 Devices autocorrelation shows the relationship between 908 Devices stock current value and its past values and can show if there is a momentum factor associated with investing in 908 Devices.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for 908 Stock Analysis
When running 908 Devices' price analysis, check to measure 908 Devices' 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 908 Devices is operating at the current time. Most of 908 Devices' value examination focuses on studying past and present price action to predict the probability of 908 Devices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 908 Devices' price. Additionally, you may evaluate how the addition of 908 Devices to your portfolios can decrease your overall portfolio volatility.