Safetech Innovations is selling at 2.40 as of the 21st of November 2024; that is 0.84% up since the beginning of the trading day. The stock's open price was 2.38. Safetech Innovations has hardly any chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Safetech Innovations SA are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of May 2024 and ending today, the 21st of November 2024. Click here to learn more.
Although Safetech Innovations' alpha and beta are two of the key measurements used to evaluate Safetech Innovations' performance over the market, the standard measures of volatility play an important role as well.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Safetech Innovations stock to make a market-neutral strategy. Peer analysis of Safetech Innovations could also be used in its relative valuation, which is a method of valuing Safetech Innovations by comparing valuation metrics with similar companies.