Safe Orthopaedics (France) Market Value
| ALSAF Stock | EUR 0.06 0.01 19.42% |
| Symbol | Safe |
Safe Orthopaedics '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 Safe Orthopaedics' 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 Safe Orthopaedics.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Safe Orthopaedics on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Safe Orthopaedics SA or generate 0.0% return on investment in Safe Orthopaedics over 30 days. Safe Orthopaedics is related to or competes with Spineguard, Neovacs SA, Biophytis, and Acheter Louer. Safe Orthopaedics SA, a medical technology company, develops and markets sterile implants and single-use instruments for... More
Safe Orthopaedics 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 Safe Orthopaedics' 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 Safe Orthopaedics SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 115.56 | |||
| Value At Risk | (21.21) | |||
| Potential Upside | 14.29 |
Safe Orthopaedics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Safe Orthopaedics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Safe Orthopaedics' standard deviation. In reality, there are many statistical measures that can use Safe Orthopaedics historical prices to predict the future Safe Orthopaedics' volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (2.88) | |||
| Total Risk Alpha | (4.81) | |||
| Treynor Ratio | (0.82) |
Safe Orthopaedics Backtested Returns
Safe Orthopaedics 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. Safe Orthopaedics SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Safe Orthopaedics' Risk Adjusted Performance of (0.12), variance of 207.53, and Coefficient Of Variation of (572.60) to confirm the risk estimate we provide. The entity has a beta of 3.08, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Safe Orthopaedics will likely underperform. At this point, Safe Orthopaedics has a negative expected return of -2.59%. Please make sure to validate Safe Orthopaedics' potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Safe Orthopaedics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.53 |
Modest predictability
Safe Orthopaedics SA has modest predictability. Overlapping area represents the amount of predictability between Safe Orthopaedics time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 Safe Orthopaedics price movement. The serial correlation of 0.53 indicates that about 53.0% of current Safe Orthopaedics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Safe Orthopaedics lagged returns against current returns
Autocorrelation, which is Safe Orthopaedics 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 Safe Orthopaedics' stock expected returns. We can calculate the autocorrelation of Safe Orthopaedics returns to help us make a trade decision. For example, suppose you find that Safe Orthopaedics 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 |
Safe Orthopaedics 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 Safe Orthopaedics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Safe Orthopaedics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Safe Orthopaedics stock over time.
Current vs Lagged Prices |
| Timeline |
Safe Orthopaedics Lagged Returns
When evaluating Safe Orthopaedics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Safe Orthopaedics stock have on its future price. Safe Orthopaedics 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, Safe Orthopaedics autocorrelation shows the relationship between Safe Orthopaedics stock current value and its past values and can show if there is a momentum factor associated with investing in Safe Orthopaedics SA.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Safe Stock Analysis
When running Safe Orthopaedics' price analysis, check to measure Safe Orthopaedics' 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 Safe Orthopaedics is operating at the current time. Most of Safe Orthopaedics' value examination focuses on studying past and present price action to predict the probability of Safe Orthopaedics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Safe Orthopaedics' price. Additionally, you may evaluate how the addition of Safe Orthopaedics to your portfolios can decrease your overall portfolio volatility.