Socket Mobile Stock Market Value
| SCKT Stock | USD 1.47 0.01 0.68% |
| Symbol | Socket |
Socket Mobile Price To Book Ratio
Is Technology Hardware, Storage & Peripherals 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 Socket Mobile. If investors know Socket 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 Socket Mobile listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.01) | Earnings Share (0.18) | Revenue Per Share 2.448 | Quarterly Revenue Growth 0.208 | Return On Assets (0.06) |
The market value of Socket Mobile is measured differently than its book value, which is the value of Socket that is recorded on the company's balance sheet. Investors also form their own opinion of Socket Mobile's value that differs from its market value or its book value, called intrinsic value, which is Socket Mobile's 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 Socket Mobile's market value can be influenced by many factors that don't directly affect Socket Mobile's 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 Socket Mobile's value and its price as these two are different measures arrived at by different means. Investors typically determine if Socket Mobile is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Socket Mobile's 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.
Socket Mobile '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 Socket Mobile's 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 Socket Mobile.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Socket Mobile on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding Socket Mobile or generate 0.0% return on investment in Socket Mobile over 540 days. Socket Mobile is related to or competes with Cricut, Nano Dimension, IONQ, AGM Group, TransAct Technologies, Key Tronic, and Identiv. Socket Mobile, Inc. provides data capture and delivery solutions in the United States, Europe, Asia, and internationally More
Socket Mobile 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 Socket Mobile's 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 Socket Mobile upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.02 | |||
| Information Ratio | 0.1423 | |||
| Maximum Drawdown | 25.39 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 5.93 |
Socket Mobile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Socket Mobile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Socket Mobile's standard deviation. In reality, there are many statistical measures that can use Socket Mobile historical prices to predict the future Socket Mobile's volatility.| Risk Adjusted Performance | 0.1437 | |||
| Jensen Alpha | 0.6047 | |||
| Total Risk Alpha | 0.0635 | |||
| Sortino Ratio | 0.178 | |||
| Treynor Ratio | 1.49 |
Socket Mobile Backtested Returns
Socket Mobile appears to be very risky, given 3 months investment horizon. Socket Mobile 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 thirty technical indicators for Socket Mobile, which you can use to evaluate the volatility of the company. Please review Socket Mobile's Semi Deviation of 2.36, risk adjusted performance of 0.1437, and Coefficient Of Variation of 565.17 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Socket Mobile holds a performance score of 8. The entity has a beta of 0.44, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Socket Mobile's returns are expected to increase less than the market. However, during the bear market, the loss of holding Socket Mobile is expected to be smaller as well. Please check Socket Mobile's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Socket Mobile's existing price patterns will revert.
Auto-correlation | -0.21 |
Weak reverse predictability
Socket Mobile has weak reverse predictability. Overlapping area represents the amount of predictability between Socket Mobile time series from 4th of June 2023 to 29th of February 2024 and 29th of February 2024 to 25th 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 Socket Mobile price movement. The serial correlation of -0.21 indicates that over 21.0% of current Socket Mobile price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Socket Mobile lagged returns against current returns
Autocorrelation, which is Socket Mobile 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 Socket Mobile's stock expected returns. We can calculate the autocorrelation of Socket Mobile returns to help us make a trade decision. For example, suppose you find that Socket Mobile 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 |
| Timeline |
Socket Mobile 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 Socket Mobile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Socket Mobile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Socket Mobile stock over time.
Current vs Lagged Prices |
| Timeline |
Socket Mobile Lagged Returns
When evaluating Socket Mobile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Socket Mobile stock have on its future price. Socket Mobile 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, Socket Mobile autocorrelation shows the relationship between Socket Mobile stock current value and its past values and can show if there is a momentum factor associated with investing in Socket Mobile.
Regressed Prices |
| Timeline |
Thematic Opportunities
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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.