Prosafe SE (Norway) Market Value
| PRS Stock | NOK 6.97 0.52 6.94% |
| Symbol | Prosafe |
Prosafe SE '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 Prosafe SE'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 Prosafe SE.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Prosafe SE on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Prosafe SE or generate 0.0% return on investment in Prosafe SE over 90 days. Prosafe SE is related to or competes with TGS NOPEC, Dno ASA, and BW Offshore. Prosafe SE, together with its subsidiaries, owns and operates semi-submersible accommodation vessels in Europe, South Am... More
Prosafe SE 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 Prosafe SE'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 Prosafe SE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.75 | |||
| Information Ratio | 0.0589 | |||
| Maximum Drawdown | 85.83 | |||
| Value At Risk | (10.38) | |||
| Potential Upside | 11.15 |
Prosafe SE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prosafe SE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prosafe SE's standard deviation. In reality, there are many statistical measures that can use Prosafe SE historical prices to predict the future Prosafe SE's volatility.| Risk Adjusted Performance | 0.0524 | |||
| Jensen Alpha | 0.5526 | |||
| Total Risk Alpha | 1.86 | |||
| Sortino Ratio | 0.0935 | |||
| Treynor Ratio | 1.84 |
Prosafe SE Backtested Returns
Prosafe SE appears to be very risky, given 3 months investment horizon. Prosafe SE maintains Sharpe Ratio (i.e., Efficiency) of 0.0264, which implies the firm had a 0.0264 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Prosafe SE, which you can use to evaluate the volatility of the company. Please evaluate Prosafe SE's Semi Deviation of 6.43, risk adjusted performance of 0.0524, and Coefficient Of Variation of 2014.95 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Prosafe SE holds a performance score of 2. The company holds a Beta of 0.28, which implies not very significant fluctuations relative to the market. As returns on the market increase, Prosafe SE's returns are expected to increase less than the market. However, during the bear market, the loss of holding Prosafe SE is expected to be smaller as well. Please check Prosafe SE's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Prosafe SE's historical price patterns will revert.
Auto-correlation | -0.56 |
Good reverse predictability
Prosafe SE has good reverse predictability. Overlapping area represents the amount of predictability between Prosafe SE time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Prosafe SE price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Prosafe SE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.75 |
Prosafe SE lagged returns against current returns
Autocorrelation, which is Prosafe SE 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 Prosafe SE's stock expected returns. We can calculate the autocorrelation of Prosafe SE returns to help us make a trade decision. For example, suppose you find that Prosafe SE 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 |
Prosafe SE 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 Prosafe SE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prosafe SE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prosafe SE stock over time.
Current vs Lagged Prices |
| Timeline |
Prosafe SE Lagged Returns
When evaluating Prosafe SE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prosafe SE stock have on its future price. Prosafe SE 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, Prosafe SE autocorrelation shows the relationship between Prosafe SE stock current value and its past values and can show if there is a momentum factor associated with investing in Prosafe SE.
Regressed Prices |
| Timeline |
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Prosafe SE financial ratios help investors to determine whether Prosafe 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 Prosafe with respect to the benefits of owning Prosafe SE security.