Steadfast (Australia) Market Value
| SDF Stock | 5.81 0.11 1.93% |
| Symbol | Steadfast |
Steadfast '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 Steadfast'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 Steadfast.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Steadfast on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Steadfast Group or generate 0.0% return on investment in Steadfast over 30 days. Steadfast is related to or competes with Ainsworth Game, TPG Telecom, Thorney Technologies, and Andean Silver. Steadfast is entity of Australia. It is traded as Stock on AU exchange. More
Steadfast 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 Steadfast'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 Steadfast Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 12.5 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 1.98 |
Steadfast Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Steadfast's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Steadfast's standard deviation. In reality, there are many statistical measures that can use Steadfast historical prices to predict the future Steadfast's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | 5.15 |
Steadfast Group Backtested Returns
Steadfast Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0585, which indicates the firm had a -0.0585% return per unit of risk over the last 3 months. Steadfast Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Steadfast's Variance of 3.85, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,745) to confirm the risk estimate we provide. The entity has a beta of -0.0238, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Steadfast are expected to decrease at a much lower rate. During the bear market, Steadfast is likely to outperform the market. At this point, Steadfast Group has a negative expected return of -0.11%. Please make sure to validate Steadfast's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Steadfast Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
Steadfast Group has good predictability. Overlapping area represents the amount of predictability between Steadfast time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Steadfast Group price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Steadfast price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Steadfast Group lagged returns against current returns
Autocorrelation, which is Steadfast 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 Steadfast's stock expected returns. We can calculate the autocorrelation of Steadfast returns to help us make a trade decision. For example, suppose you find that Steadfast 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 |
Steadfast 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 Steadfast stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Steadfast stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Steadfast stock over time.
Current vs Lagged Prices |
| Timeline |
Steadfast Lagged Returns
When evaluating Steadfast's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Steadfast stock have on its future price. Steadfast 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, Steadfast autocorrelation shows the relationship between Steadfast stock current value and its past values and can show if there is a momentum factor associated with investing in Steadfast Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Steadfast Stock Analysis
When running Steadfast's price analysis, check to measure Steadfast'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 Steadfast is operating at the current time. Most of Steadfast's value examination focuses on studying past and present price action to predict the probability of Steadfast's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steadfast's price. Additionally, you may evaluate how the addition of Steadfast to your portfolios can decrease your overall portfolio volatility.