Steady Safe (Indonesia) Market Value
| SAFE Stock | IDR 290.00 22.00 7.05% |
| 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.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Steady Safe on October 29, 2023 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 390 days. Steady Safe is related to or competes with Samudera Indonesia, Rukun Raharja, PT Temas, and Weha Transportasi. 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.
| Downside Deviation | 4.04 | |||
| Information Ratio | 0.0536 | |||
| Maximum Drawdown | 39.21 | |||
| Value At Risk | (6.42) | |||
| Potential Upside | 9.7 |
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 | 0.065 | |||
| Jensen Alpha | 0.3713 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.0713 | |||
| Treynor Ratio | 2.41 |
Steady Safe TBK Backtested Returns
Steady Safe appears to be very steady, given 3 months investment horizon. Steady Safe TBK owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.059, which indicates the firm had a 0.059% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Steady Safe TBK, which you can use to evaluate the volatility of the company. Please review Steady Safe's Risk Adjusted Performance of 0.065, semi deviation of 3.51, and Coefficient Of Variation of 1351.03 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Steady Safe holds a performance score of 4. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. 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. Please check Steady Safe's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Steady Safe's existing price patterns will revert.
Auto-correlation | -0.22 |
Weak reverse predictability
Steady Safe TBK has weak reverse predictability. Overlapping area represents the amount of predictability between Steady Safe time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd of November 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 -0.22 indicates that over 22.0% of current Steady Safe price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 5455.25 |
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 |
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Steady Safe financial ratios help investors to determine whether Steady Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Steady with respect to the benefits of owning Steady Safe security.