Metromile Stock Today

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Metromile Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Metromile's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Metromile or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
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Legal NameMetromile
Related EntityMILE (Metromile)
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Metromile's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedOvervalued
Metromile (INAQ) is traded on NASDAQ Exchange in USA . The company currently falls under 'Small-Cap' category with current market capitalization of 355.98 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Metromile's market, we take the total number of its shares issued and multiply it by Metromile's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Metromile conducts business under Financial Services sector and is part of Shell Companies industry. The entity has 23.54 M outstanding shares. Metromile currently holds about 690.97 K in cash with 0 of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02.
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Metromile Stock Price Odds Analysis

What are Metromile's target price odds to finish over the current price? Contingent on a normal probability distribution, the odds of Metromile jumping above the current price in 90 days from now is about 6.91%. The Metromile probability density function shows the probability of Metromile stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Metromile has a beta of -0.399. This usually indicates as returns on benchmark increase, returns on holding Metromile are expected to decrease at a much lower rate. During the bear market, however, Metromile is likely to outperform the market. Moreover, the company has an alpha of 1.0607, implying that it can generate a 1.06 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Odds Down 18.0HorizonTargetOdds Up 18.0 
93.05%90 days
Based on a normal probability distribution, the odds of Metromile to move above the current price in 90 days from now is about 6.91 (This Metromile probability density function shows the probability of Metromile Stock to fall within a particular range of prices over 90 days) .

Metromile Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Metromile market risk premium is the additional return an investor will receive from holding Metromile long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Metromile. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Metromile's alpha and beta are two of the key measurements used to evaluate Metromile's performance over the market, the standard measures of volatility play an important role as well.

Metromile Stock Against Markets

Picking the right benchmark for Metromile stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Metromile stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Metromile is critical whether you are bullish or bearish towards Metromile at a given time.

View Currently Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Metromile stock to make a market-neutral strategy. Peer analysis of Metromile could also be used in its relative valuation, which is a method of valuing Metromile by comparing valuation metrics with similar companies.
Please see Risk vs Return Analysis. Note that the Metromile information on this page should be used as a complementary analysis to other Metromile's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Fund Screener module to find activelly-traded funds from around the world traded on over 30 global exchanges.

Other Tools for Metromile Stock

When running Metromile price analysis, check to measure Metromile'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 Metromile is operating at the current time. Most of Metromile's value examination focuses on studying past and present price action to predict the probability of Metromile's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Metromile's price. Additionally, you may evaluate how the addition of Metromile to your portfolios can decrease your overall portfolio volatility.
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