SOCKET MOBILE (Germany) Market Value
| SNB1 Stock | EUR 1.26 0.01 0.79% |
| Symbol | SOCKET |
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.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in SOCKET MOBILE on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding SOCKET MOBILE NEW or generate 0.0% return on investment in SOCKET MOBILE over 60 days. SOCKET MOBILE is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. 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 NEW upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.12 | |||
| Information Ratio | 0.0996 | |||
| Maximum Drawdown | 31.5 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 6.19 |
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 | 0.0932 | |||
| Jensen Alpha | 0.438 | |||
| Total Risk Alpha | 0.3756 | |||
| Sortino Ratio | 0.1041 | |||
| Treynor Ratio | 1.84 |
SOCKET MOBILE NEW Backtested Returns
SOCKET MOBILE appears to be dangerous, given 3 months investment horizon. SOCKET MOBILE NEW retains Efficiency (Sharpe Ratio) of 0.0998, which indicates the firm had a 0.0998% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for SOCKET MOBILE, which you can use to evaluate the volatility of the company. Please review SOCKET MOBILE's risk adjusted performance of 0.0932, and Downside Deviation of 4.12 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 7. The entity owns a Beta (Systematic Risk) of 0.24, which indicates not very significant fluctuations relative to the market. 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 downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether SOCKET MOBILE's current price history will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
SOCKET MOBILE NEW has very good reverse predictability. Overlapping area represents the amount of predictability between SOCKET MOBILE time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 2025. 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 NEW price movement. The serial correlation of -0.68 indicates that around 68.0% of current SOCKET MOBILE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SOCKET MOBILE NEW 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 NEW.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in SOCKET Stock
SOCKET MOBILE financial ratios help investors to determine whether SOCKET Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SOCKET with respect to the benefits of owning SOCKET MOBILE security.