Sobr Safe Stock Market Value
| SOBR Stock | USD 4.32 0.36 9.09% |
| Symbol | Sobr |
Sobr Safe Price To Book Ratio
Is Electronic Equipment, Instruments & Components 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 Sobr Safe. If investors know Sobr 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 Sobr Safe listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (51.46) | Revenue Per Share 0.961 | Quarterly Revenue Growth 0.441 | Return On Assets (0.69) | Return On Equity (1.96) |
The market value of Sobr Safe is measured differently than its book value, which is the value of Sobr that is recorded on the company's balance sheet. Investors also form their own opinion of Sobr Safe's value that differs from its market value or its book value, called intrinsic value, which is Sobr Safe'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 Sobr Safe's market value can be influenced by many factors that don't directly affect Sobr Safe'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 Sobr Safe's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sobr Safe is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sobr Safe'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.
Sobr Safe '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 Sobr Safe'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 Sobr Safe.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Sobr Safe on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Sobr Safe or generate 0.0% return on investment in Sobr Safe over 30 days. Sobr Safe is related to or competes with Mind Technology, Cepton, SaverOne 2014, Fortive Corp, Novanta, Coherent, and Teledyne Technologies. SOBR Safe, Inc. develops non-invasive alcohol detection and identity verification systems More
Sobr Safe 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 Sobr Safe'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 Sobr Safe upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 197.67 | |||
| Value At Risk | (19.92) | |||
| Potential Upside | 11.19 |
Sobr Safe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sobr Safe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sobr Safe's standard deviation. In reality, there are many statistical measures that can use Sobr Safe historical prices to predict the future Sobr Safe's volatility.| Risk Adjusted Performance | 8.0E-4 | |||
| Jensen Alpha | 0.0982 | |||
| Total Risk Alpha | (3.28) | |||
| Treynor Ratio | 0.0734 |
Sobr Safe Backtested Returns
Currently, Sobr Safe is extremely dangerous. Sobr Safe owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0032, which indicates the firm had a 0.0032% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Sobr Safe, which you can use to evaluate the volatility of the company. Please validate Sobr Safe's Coefficient Of Variation of (8,635), risk adjusted performance of 8.0E-4, and Variance of 530.3 to confirm if the risk estimate we provide is consistent with the expected return of 0.0739%. The entity has a beta of -3.77, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Sobr Safe are expected to decrease by larger amounts. On the other hand, during market turmoil, Sobr Safe is expected to outperform it. Sobr Safe right now has a risk of 23.39%. Please validate Sobr Safe total risk alpha, as well as the relationship between the kurtosis and day typical price , to decide if Sobr Safe will be following its existing price patterns.
Auto-correlation | 0.80 |
Very good predictability
Sobr Safe has very good predictability. Overlapping area represents the amount of predictability between Sobr Safe time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Sobr Safe price movement. The serial correlation of 0.8 indicates that around 80.0% of current Sobr Safe price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Sobr Safe lagged returns against current returns
Autocorrelation, which is Sobr Safe 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 Sobr Safe's stock expected returns. We can calculate the autocorrelation of Sobr Safe returns to help us make a trade decision. For example, suppose you find that Sobr Safe 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 |
Sobr Safe 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 Sobr Safe stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sobr Safe stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sobr Safe stock over time.
Current vs Lagged Prices |
| Timeline |
Sobr Safe Lagged Returns
When evaluating Sobr Safe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sobr Safe stock have on its future price. Sobr Safe 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, Sobr Safe autocorrelation shows the relationship between Sobr Safe stock current value and its past values and can show if there is a momentum factor associated with investing in Sobr Safe.
Regressed Prices |
| Timeline |
Pair Trading with Sobr Safe
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sobr Safe position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sobr Safe will appreciate offsetting losses from the drop in the long position's value.Moving together with Sobr Stock
Moving against Sobr Stock
| 0.82 | TDY | Teledyne Technologies Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.81 | ESE | ESCO Technologies | PairCorr |
| 0.77 | GNSS | Genasys Fiscal Year End 5th of December 2024 | PairCorr |
| 0.71 | WELX | Winland Holdings | PairCorr |
| 0.66 | ELSE | Electro Sensors | PairCorr |
The ability to find closely correlated positions to Sobr Safe could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sobr Safe when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sobr Safe - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sobr Safe to buy it.
The correlation of Sobr Safe is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sobr Safe moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sobr Safe moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sobr Safe can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Sobr Stock Analysis
When running Sobr Safe's price analysis, check to measure Sobr Safe'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 Sobr Safe is operating at the current time. Most of Sobr Safe's value examination focuses on studying past and present price action to predict the probability of Sobr Safe's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sobr Safe's price. Additionally, you may evaluate how the addition of Sobr Safe to your portfolios can decrease your overall portfolio volatility.