Socket Cash And Short Term Investments from 2010 to 2024
| SCKT Stock | USD 1.47 0.02 1.38% |
Cash And Short Term Investments | First Reported 1994-12-31 | Previous Quarter 2.8 M | Current Value 2.8 M | Quarterly Volatility 2.5 M |
Check Socket Mobile financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Socket main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.5 M, Total Revenue of 17.8 M or Gross Profit of 8.6 M, as well as many exotic indicators such as Price To Sales Ratio of 0.47, Dividend Yield of 7.0E-4 or PTB Ratio of 0.41. Socket financial statements analysis is a perfect complement when working with Socket Mobile Valuation or Volatility modules.
Socket | Cash And Short Term Investments |
Latest Socket Mobile's Cash And Short Term Investments Growth Pattern
Below is the plot of the Cash And Short Term Investments of Socket Mobile over the last few years. Short Term Investments is an account in the current assets section of Socket Mobile balance sheet. This account contains Socket Mobile investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Socket Mobile fairly quickly. It is the sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash. Socket Mobile's Cash And Short Term Investments historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Socket Mobile's overall financial position and show how it may be relating to other accounts over time.
| Cash And Short Term Investments | 10 Years Trend |
|
Cash And Short Term Investments |
| Timeline |
Socket Cash And Short Term Investments Regression Statistics
| Arithmetic Mean | 1,836,104 | |
| Geometric Mean | 1,331,033 | |
| Coefficient Of Variation | 86.38 | |
| Mean Deviation | 1,231,647 | |
| Median | 1,085,000 | |
| Standard Deviation | 1,586,080 | |
| Sample Variance | 2.5T | |
| Range | 5.7M | |
| R-Value | 0.67 | |
| Mean Square Error | 1.5T | |
| R-Squared | 0.45 | |
| Significance | 0.01 | |
| Slope | 236,633 | |
| Total Sum of Squares | 35.2T |
Socket Cash And Short Term Investments History
About Socket Mobile Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Socket Mobile income statement, its balance sheet, and the statement of cash flows. Socket Mobile investors use historical funamental indicators, such as Socket Mobile's Cash And Short Term Investments, to determine how well the company is positioned to perform in the future. Although Socket Mobile investors may use each financial statement separately, they are all related. The changes in Socket Mobile's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Socket Mobile's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Socket Mobile Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Socket Mobile. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Cash And Short Term Investments | 2.8 M | 2.2 M |
Pair Trading with Socket Mobile
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 Socket Mobile 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 Socket Mobile will appreciate offsetting losses from the drop in the long position's value.Moving against Socket Stock
| 0.69 | MKFG | Markforged Holding Corp | PairCorr |
| 0.68 | CDW | CDW Corp | PairCorr |
| 0.68 | NTGR | NETGEAR | PairCorr |
| 0.53 | INVE | Identiv | PairCorr |
| 0.51 | KTCC | Key Tronic Fiscal Year End 20th of August 2024 | PairCorr |
The ability to find closely correlated positions to Socket Mobile could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Socket Mobile 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 Socket Mobile - 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 Socket Mobile to buy it.
The correlation of Socket Mobile 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 Socket Mobile moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Socket Mobile 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 Socket Mobile 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.Check out the analysis of Socket Mobile Correlation against competitors. For more information on how to buy Socket Stock please use our How to Invest in Socket Mobile guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary 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.
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Is Socket Mobile's industry 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 (0.22) | Revenue Per Share 2.42 | Quarterly Revenue Growth 0.154 | 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.