I'm new to using competing risk analysis and want to make sure I'm interpreting and using it correctly (given that I'm getting good result, I don't want to be mis-representing the data)
I am trying to use a competing risk (Stcrreg) analysis for an intervention in a clinical study. I am interested in the first 48 hours after randomization. I’ve coded my desired outcome as event=0 and have two competing risk events (event=2, precluding any further possibility of the desired outcome; event=1, impeding the desired outcome). So, if one group has the intervention (=1) and the other group does not get the intervention (=0) can I interpret the subhazard ratio as the probability of experiencing the desired outcome during the time period for the events coded?

Code:
stset time, failure(event==0)
stcrreg intervention, compete(event==1 2)

I come up with SHR = 2.997 (95% CI 1.46 – 6.15)

Is it correct to say that the probability of the desired outcome is 3 times more likely during the first 48 hours with the intervention?