Steady Safe (Indonesia) Market Value
| SAFE Stock | IDR 192.00 0.00 0.00% |
| Symbol | Steady |
Steady Safe '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 Steady Safe'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 Steady Safe.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Steady Safe on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Steady Safe TBK or generate 0.0% return on investment in Steady Safe over 30 days. Steady Safe is related to or competes with Kawasan Industri, and Lautan Luas. More
Steady Safe 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 Steady Safe'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 Steady Safe TBK upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 19.31 | |||
| Value At Risk | (8.90) | |||
| Potential Upside | 6.21 |
Steady Safe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Steady Safe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Steady Safe's standard deviation. In reality, there are many statistical measures that can use Steady Safe historical prices to predict the future Steady Safe's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.97) | |||
| Total Risk Alpha | (1.41) | |||
| Treynor Ratio | (1.75) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Steady 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.
Steady Safe TBK Backtested Returns
Steady Safe TBK owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.18, which indicates the firm had a -0.18% return per unit of risk over the last 3 months. Steady Safe TBK exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Steady Safe's Risk Adjusted Performance of (0.14), variance of 15.22, and Coefficient Of Variation of (423.63) to confirm the risk estimate we provide. The entity has a beta of 0.53, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Steady Safe's returns are expected to increase less than the market. However, during the bear market, the loss of holding Steady Safe is expected to be smaller as well. Steady Safe TBK has an expected return of -0.66%. Please make sure to validate Steady Safe information ratio, maximum drawdown, and the relationship between the variance and jensen alpha , to decide if Steady Safe TBK performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Steady Safe TBK has no correlation between past and present. Overlapping area represents the amount of predictability between Steady Safe time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Steady Safe TBK price movement. The serial correlation of 0.0 indicates that just 0.0% of current Steady Safe price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Steady Safe TBK lagged returns against current returns
Autocorrelation, which is Steady Safe 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 Steady Safe's stock expected returns. We can calculate the autocorrelation of Steady Safe returns to help us make a trade decision. For example, suppose you find that Steady Safe 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 |
Steady Safe 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 Steady Safe stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steady Safe stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Steady Safe stock over time.
Current vs Lagged Prices |
| Timeline |
Steady Safe Lagged Returns
When evaluating Steady Safe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Steady Safe stock have on its future price. Steady Safe 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, Steady Safe autocorrelation shows the relationship between Steady Safe stock current value and its past values and can show if there is a momentum factor associated with investing in Steady Safe TBK.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Steady Safe Correlation, Steady Safe Volatility and Steady Safe Alpha and Beta module to complement your research on Steady Safe. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Steady Stock analysis
When running Steady Safe's price analysis, check to measure Steady 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 Steady Safe is operating at the current time. Most of Steady Safe's value examination focuses on studying past and present price action to predict the probability of Steady 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 Steady Safe's price. Additionally, you may evaluate how the addition of Steady Safe to your portfolios can decrease your overall portfolio volatility.
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Steady Safe technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.