Prosafe SE (Germany) Market Value
| 1Q6 Stock | EUR 3.22 0.10 3.01% |
| 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.
| 01/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Prosafe SE on January 31, 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 Superior Plus, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. 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.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 15.78 | |||
| Value At Risk | (6.89) | |||
| Potential Upside | 4.84 |
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 | (0.13) | |||
| Jensen Alpha | (0.71) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | 1.37 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prosafe SE's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Prosafe SE Backtested Returns
Prosafe SE maintains Sharpe Ratio (i.e., Efficiency) of -0.23, which implies the firm had a -0.23% return per unit of risk over the last 3 months. Prosafe SE exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prosafe SE's Variance of 10.91, risk adjusted performance of (0.13), and Coefficient Of Variation of (455.20) to confirm the risk estimate we provide. The company holds a Beta of -0.54, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Prosafe SE are expected to decrease at a much lower rate. During the bear market, Prosafe SE is likely to outperform the market. Prosafe SE has an expected return of -0.76%. Please make sure to check Prosafe SE jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Prosafe SE performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.20 |
Weak predictability
Prosafe SE has weak predictability. Overlapping area represents the amount of predictability between Prosafe SE time series from 31st of January 2024 to 16th of March 2024 and 16th of March 2024 to 30th of April 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 Prosafe SE price movement. The serial correlation of 0.2 indicates that over 20.0% of current Prosafe SE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Prosafe SE in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Prosafe SE's short interest history, or implied volatility extrapolated from Prosafe SE options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Prosafe SE Correlation, Prosafe SE Volatility and Prosafe SE Alpha and Beta module to complement your research on Prosafe SE. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Prosafe Stock analysis
When running Prosafe SE's price analysis, check to measure Prosafe SE's 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 Prosafe SE is operating at the current time. Most of Prosafe SE's value examination focuses on studying past and present price action to predict the probability of Prosafe SE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prosafe SE's price. Additionally, you may evaluate how the addition of Prosafe SE to your portfolios can decrease your overall portfolio volatility.
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios |
Prosafe SE technical stock 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, stock market cycles, or different charting patterns.