Saferoads Holdings (Australia) Market Value

Symbol

Saferoads

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 Saferoads Holdings' 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 Saferoads Holdings.

Saferoads Holdings Upside/Downside Indicators

Saferoads Holdings Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Saferoads Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Saferoads Holdings' standard deviation. In reality, there are many statistical measures that can use Saferoads Holdings historical prices to predict the future Saferoads Holdings' volatility.

Autocorrelation, which is Saferoads Holdings 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 Saferoads Holdings' stock expected returns. We can calculate the autocorrelation of Saferoads Holdings returns to help us make a trade decision. For example, suppose you find that Saferoads Holdings 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.

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Saferoads Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Saferoads Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Saferoads Holdings stock over time.

When evaluating Saferoads Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Saferoads Holdings stock have on its future price. Saferoads Holdings 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, Saferoads Holdings autocorrelation shows the relationship between Saferoads Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Saferoads Holdings.

When running Saferoads Holdings' price analysis, check to measure Saferoads Holdings' 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 Saferoads Holdings is operating at the current time. Most of Saferoads Holdings' value examination focuses on studying past and present price action to predict the probability of Saferoads Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Saferoads Holdings' price. Additionally, you may evaluate how the addition of Saferoads Holdings to your portfolios can decrease your overall portfolio volatility.