908 Devices Stock Probability of Future Stock Price Finishing Under 3.57
| MASS Stock | USD 2.41 0.04 1.69% |
Closest to current price 908 long CALL Option Payoff at Expiration
908 |
908 Devices Target Price Odds to finish below 3.57
The tendency of 908 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 under $ 3.57 after 90 days |
| 2.41 | 90 days | 3.57 | about 77.73 |
Based on a normal probability distribution, the odds of 908 Devices to stay under $ 3.57 after 90 days from now is about 77.73 (This 908 Devices probability density function shows the probability of 908 Stock to fall within a particular range of prices over 90 days) . Probability of 908 Devices price to stay between its current price of $ 2.41 and $ 3.57 at the end of the 90-day period is about 73.37 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.75 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, 908 Devices will likely underperform. Additionally 908 Devices has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. 908 Devices Price Density |
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Predictive Modules for 908 Devices
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 908 Devices. 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 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 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. 908 Devices is not an exception. The market had few large corrections towards the 908 Devices' 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 908 Devices, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of 908 Devices within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.74 | |
β | Beta against Dow Jones | 2.75 | |
σ | Overall volatility | 0.47 | |
Ir | Information ratio | -0.1 |
908 Devices 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 908 Devices for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for 908 Devices can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| 908 Devices generated a negative expected return over the last 90 days | |
| 908 Devices has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 50.23 M. Net Loss for the year was (36.4 M) with profit before overhead, payroll, taxes, and interest of 26.02 M. | |
| 908 Devices currently holds about 212.99 M in cash with (25.06 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.74, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 70.0% of the company shares are owned by institutional investors | |
| Latest headline from thelincolnianonline.com: Drive Wealth Management LLC Buys Shares of 14,350 908 Devices Inc. |
908 Devices 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 908 Stock often depends not only on the future outlook of the current and potential 908 Devices' 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. 908 Devices' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 32.2 M | |
| Cash And Short Term Investments | 145.7 M |
908 Devices Technical Analysis
908 Devices' future price can be derived by breaking down and analyzing its technical indicators over time. 908 Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of 908 Devices. In general, you should focus on analyzing 908 Stock price patterns and their correlations with different microeconomic environments and drivers.
908 Devices Predictive Forecast Models
908 Devices' time-series forecasting models is one of many 908 Devices' 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 908 Devices' 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 908 Devices
Checking the ongoing alerts about 908 Devices for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for 908 Devices help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| 908 Devices generated a negative expected return over the last 90 days | |
| 908 Devices has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 50.23 M. Net Loss for the year was (36.4 M) with profit before overhead, payroll, taxes, and interest of 26.02 M. | |
| 908 Devices currently holds about 212.99 M in cash with (25.06 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.74, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 70.0% of the company shares are owned by institutional investors | |
| Latest headline from thelincolnianonline.com: Drive Wealth Management LLC Buys Shares of 14,350 908 Devices Inc. |
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.