Saferoads Holdings (Australia) Market Value
| SRH Stock | 0.04 0.00 0.00% |
| Symbol | Saferoads |
Saferoads Holdings '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 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.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Saferoads Holdings on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Saferoads Holdings or generate 0.0% return on investment in Saferoads Holdings over 720 days. Saferoads Holdings is related to or competes with National Australia, National Australia, Westpac Banking, National Australia, Commonwealth Bank, Commonwealth Bank, and ANZ Group. Saferoads Holdings is entity of Australia More
Saferoads Holdings 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 Saferoads Holdings' 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 Saferoads Holdings upside and downside potential and time the market with a certain degree of confidence.
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.Saferoads Holdings Backtested Returns
We have found three technical indicators for Saferoads Holdings, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Saferoads Holdings are completely uncorrelated.
Auto-correlation | -0.04 |
Very weak reverse predictability
Saferoads Holdings has very weak reverse predictability. Overlapping area represents the amount of predictability between Saferoads Holdings time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 Saferoads Holdings price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Saferoads Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Saferoads Holdings lagged returns against current returns
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.
Current and Lagged Values |
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Saferoads Holdings 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 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.
Current vs Lagged Prices |
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Saferoads Holdings Lagged Returns
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.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Saferoads Stock Analysis
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.