Sobr Safe Stock Probability of Future Stock Price Finishing Over 6.88
| SOBR Stock | USD 9.99 0.99 11.00% |
Sobr |
Sobr Safe Target Price Odds to finish over 6.88
The tendency of Sobr Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 6.88 in 90 days |
| 9.99 | 90 days | 6.88 | about 92.21 |
Based on a normal probability distribution, the odds of Sobr Safe to stay above $ 6.88 in 90 days from now is about 92.21 (This Sobr Safe probability density function shows the probability of Sobr Stock to fall within a particular range of prices over 90 days) . Probability of Sobr Safe price to stay between $ 6.88 and its current price of $9.99 at the end of the 90-day period is about 25.26 .
Given the investment horizon of 90 days Sobr Safe has a beta of -3.6. This usually implies as returns on its benchmark rise, returns on holding Sobr Safe are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Sobr Safe is expected to outperform its benchmark. Moreover Sobr Safe has an alpha of 1.0284, implying that it can generate a 1.03 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Sobr Safe Price Density |
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Predictive Modules for Sobr Safe
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sobr Safe. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sobr Safe's 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.
Sobr Safe Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sobr Safe is not an exception. The market had few large corrections towards the Sobr Safe's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Sobr Safe, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sobr Safe within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.03 | |
β | Beta against Dow Jones | -3.6 | |
σ | Overall volatility | 3.17 | |
Ir | Information ratio | 0.03 |
Sobr Safe Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Sobr Safe for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sobr Safe can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Sobr Safe is way too risky over 90 days horizon | |
| Sobr Safe appears to be risky and price may revert if volatility continues | |
| Sobr Safe has a very high chance of going through financial distress in the upcoming years | |
| Sobr Safehas 363,488 shares shorted by Sobr Safe investors is about 100% of outstending shares | |
| The company reported the previous year's revenue of 157.29 K. Net Loss for the year was (10.21 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Sobr Safe currently holds about 3.75 M in cash with (5.93 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.34. | |
| Latest headline from accesswire.com: SOBRsafe Launches Revolutionary Alcohol Detection Software Transforming Patient Care for Behavioral Health Providers |
Sobr Safe Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Sobr Stock often depends not only on the future outlook of the current and potential Sobr Safe's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Sobr Safe's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 18.1 M | |
| Cash And Short Term Investments | 2.8 M |
Sobr Safe Technical Analysis
Sobr Safe's future price can be derived by breaking down and analyzing its technical indicators over time. Sobr Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sobr Safe. In general, you should focus on analyzing Sobr Stock price patterns and their correlations with different microeconomic environments and drivers.
Sobr Safe Predictive Forecast Models
Sobr Safe's time-series forecasting models is one of many Sobr Safe's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Sobr Safe's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Sobr Safe
Checking the ongoing alerts about Sobr Safe for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sobr Safe help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sobr Safe is way too risky over 90 days horizon | |
| Sobr Safe appears to be risky and price may revert if volatility continues | |
| Sobr Safe has a very high chance of going through financial distress in the upcoming years | |
| Sobr Safehas 363,488 shares shorted by Sobr Safe investors is about 100% of outstending shares | |
| The company reported the previous year's revenue of 157.29 K. Net Loss for the year was (10.21 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Sobr Safe currently holds about 3.75 M in cash with (5.93 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.34. | |
| Latest headline from accesswire.com: SOBRsafe Launches Revolutionary Alcohol Detection Software Transforming Patient Care for Behavioral Health Providers |
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.