SAFETY MEDICAL (Germany) Market Value
| S8M Stock | EUR 0.22 0.01 4.76% |
| Symbol | SAFETY |
SAFETY MEDICAL '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 SAFETY MEDICAL'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 SAFETY MEDICAL.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in SAFETY MEDICAL on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding SAFETY MEDICAL PROD or generate 0.0% return on investment in SAFETY MEDICAL over 360 days. SAFETY MEDICAL is related to or competes with SIVERS SEMICONDUCTORS, Darden Restaurants, Reliance Steel, Q2M Managementberatu, Hyster-Yale Materials, Hastings Technology, and Meli Hotels. More
SAFETY MEDICAL 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 SAFETY MEDICAL'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 SAFETY MEDICAL PROD upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 14.44 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 3.33 |
SAFETY MEDICAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SAFETY MEDICAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SAFETY MEDICAL's standard deviation. In reality, there are many statistical measures that can use SAFETY MEDICAL historical prices to predict the future SAFETY MEDICAL's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.60) | |||
| Total Risk Alpha | (1.01) | |||
| Treynor Ratio | (0.99) |
SAFETY MEDICAL PROD Backtested Returns
SAFETY MEDICAL PROD owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.21, which indicates the company had a -0.21% return per unit of volatility over the last 3 months. SAFETY MEDICAL PROD exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SAFETY MEDICAL's Standard Deviation of 2.82, risk adjusted performance of (0.14), and Market Risk Adjusted Performance of (0.98) to confirm the risk estimate we provide. The firm has a beta of 0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SAFETY MEDICAL's returns are expected to increase less than the market. However, during the bear market, the loss of holding SAFETY MEDICAL is expected to be smaller as well. At this point, SAFETY MEDICAL PROD has a negative expected return of -0.57%. Please make sure to validate SAFETY MEDICAL's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if SAFETY MEDICAL PROD performance from the past will be repeated in the future.
Auto-correlation | 0.56 |
Modest predictability
SAFETY MEDICAL PROD has modest predictability. Overlapping area represents the amount of predictability between SAFETY MEDICAL time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 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 SAFETY MEDICAL PROD price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current SAFETY MEDICAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SAFETY MEDICAL PROD lagged returns against current returns
Autocorrelation, which is SAFETY MEDICAL 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 SAFETY MEDICAL's stock expected returns. We can calculate the autocorrelation of SAFETY MEDICAL returns to help us make a trade decision. For example, suppose you find that SAFETY MEDICAL 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 |
SAFETY MEDICAL 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 SAFETY MEDICAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SAFETY MEDICAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SAFETY MEDICAL stock over time.
Current vs Lagged Prices |
| Timeline |
SAFETY MEDICAL Lagged Returns
When evaluating SAFETY MEDICAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SAFETY MEDICAL stock have on its future price. SAFETY MEDICAL 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, SAFETY MEDICAL autocorrelation shows the relationship between SAFETY MEDICAL stock current value and its past values and can show if there is a momentum factor associated with investing in SAFETY MEDICAL PROD.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in SAFETY Stock
SAFETY MEDICAL financial ratios help investors to determine whether SAFETY 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 SAFETY with respect to the benefits of owning SAFETY MEDICAL security.