Securetech Innovations Stock Market Value
| SCTH Stock | USD 0.99 0.01 1.00% |
| Symbol | SecureTech |
SecureTech Innovations '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 SecureTech Innovations' pink sheet 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 SecureTech Innovations.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in SecureTech Innovations on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding SecureTech Innovations or generate 0.0% return on investment in SecureTech Innovations over 30 days. SecureTech Innovations is related to or competes with Monro Muffler, Dorman Products, Motorcar Parts, Superior Industries, Gentherm, Dana, and Lear. SecureTech Innovations, Inc. develops and markets personal and automobile security and safety devices and technologies i... More
SecureTech Innovations 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 SecureTech Innovations' pink sheet 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 SecureTech Innovations upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (1.24) | |||
| Maximum Drawdown | 1.0 |
SecureTech Innovations Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SecureTech Innovations' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SecureTech Innovations' standard deviation. In reality, there are many statistical measures that can use SecureTech Innovations historical prices to predict the future SecureTech Innovations' volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (1.91) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SecureTech Innovations' 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.
SecureTech Innovations Backtested Returns
SecureTech Innovations owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. SecureTech Innovations exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SecureTech Innovations' Variance of 0.0152, coefficient of variation of (812.40), and Risk Adjusted Performance of (0.15) to confirm the risk estimate we provide. The entity has a beta of 0.0132, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SecureTech Innovations' returns are expected to increase less than the market. However, during the bear market, the loss of holding SecureTech Innovations is expected to be smaller as well. At this point, SecureTech Innovations has a negative expected return of -0.0156%. Please make sure to validate SecureTech Innovations' total risk alpha, as well as the relationship between the rate of daily change and period momentum indicator , to decide if SecureTech Innovations performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
SecureTech Innovations has no correlation between past and present. Overlapping area represents the amount of predictability between SecureTech Innovations time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 SecureTech Innovations price movement. The serial correlation of 0.0 indicates that just 0.0% of current SecureTech Innovations 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 |
SecureTech Innovations lagged returns against current returns
Autocorrelation, which is SecureTech Innovations pink sheet'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 SecureTech Innovations' pink sheet expected returns. We can calculate the autocorrelation of SecureTech Innovations returns to help us make a trade decision. For example, suppose you find that SecureTech Innovations has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
SecureTech Innovations 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 SecureTech Innovations pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SecureTech Innovations pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SecureTech Innovations pink sheet over time.
Current vs Lagged Prices |
| Timeline |
SecureTech Innovations Lagged Returns
When evaluating SecureTech Innovations' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SecureTech Innovations pink sheet have on its future price. SecureTech Innovations 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, SecureTech Innovations autocorrelation shows the relationship between SecureTech Innovations pink sheet current value and its past values and can show if there is a momentum factor associated with investing in SecureTech Innovations.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in SecureTech Pink Sheet
SecureTech Innovations financial ratios help investors to determine whether SecureTech Pink Sheet 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 SecureTech with respect to the benefits of owning SecureTech Innovations security.