Safe Market Value
| SAFE Crypto | USD 1.18 0.01 0.84% |
| Symbol | Safe |
Safe '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 Safe's crypto coin 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 Safe.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Safe on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Safe or generate 0.0% return on investment in Safe over 30 days. Safe is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Stellar, and Worldcoin. Safe is peer-to-peer digital currency powered by the Blockchain technology.
Safe 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 Safe's crypto coin 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 Safe upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.64 | |||
| Information Ratio | 0.0751 | |||
| Maximum Drawdown | 58.06 | |||
| Value At Risk | (9.45) | |||
| Potential Upside | 11.19 |
Safe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Safe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Safe's standard deviation. In reality, there are many statistical measures that can use Safe historical prices to predict the future Safe's volatility.| Risk Adjusted Performance | 0.0793 | |||
| Jensen Alpha | 0.7652 | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | 0.088 | |||
| Treynor Ratio | (1.40) |
Safe Backtested Returns
Safe appears to be unreasonably risky, given 3 months investment horizon. Safe owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates digital coin had a 0.11% return per unit of risk over the last 3 months. By inspecting Safe's technical indicators, you can evaluate if the expected return of 0.92% is justified by implied risk. Please review Safe's Risk Adjusted Performance of 0.0793, coefficient of variation of 1087.88, and Semi Deviation of 5.63 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of -0.5, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Safe are expected to decrease at a much lower rate. During the bear market, Safe is likely to outperform the market.
Auto-correlation | -0.27 |
Weak reverse predictability
Safe has weak reverse predictability. Overlapping area represents the amount of predictability between Safe time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Safe price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Safe price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Safe lagged returns against current returns
Autocorrelation, which is Safe crypto coin'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 Safe's crypto coin expected returns. We can calculate the autocorrelation of Safe returns to help us make a trade decision. For example, suppose you find that Safe has exhibited high autocorrelation historically, and you observe that the crypto coin 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 |
Safe 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 Safe crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Safe crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Safe crypto coin over time.
Current vs Lagged Prices |
| Timeline |
Safe Lagged Returns
When evaluating Safe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Safe crypto coin have on its future price. Safe 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, Safe autocorrelation shows the relationship between Safe crypto coin current value and its past values and can show if there is a momentum factor associated with investing in Safe.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Safe offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Safe's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Safe Crypto.Check out Safe Correlation, Safe Volatility and Investing Opportunities module to complement your research on Safe. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Safe technical crypto coin analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, crypto market cycles, or different charting patterns.