Star Non Currrent Assets Other from 2010 to 2024

STRR Stock  USD 3.04  0.24  8.57%   
Star Equity Non Currrent Assets Other yearly trend continues to be relatively stable with very little volatility. Non Currrent Assets Other are likely to grow to about 8.9 M this year. Non Currrent Assets Other is assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents. View All Fundamentals
 
Non Currrent Assets Other  
First Reported
2004-03-31
Previous Quarter
1.5 M
Current Value
11 M
Quarterly Volatility
2.3 M
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Star Equity financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Star Equity's main balance sheet or income statement drivers, such as Depreciation And Amortization of 3.6 M, Interest Expense of 924.4 K or Selling General Administrative of 15.6 M, as well as many indicators such as Price To Sales Ratio of 0.34, Dividend Yield of 0.12 or PTB Ratio of 0.24. Star financial statements analysis is a perfect complement when working with Star Equity Valuation or Volatility modules.
  
Check out the analysis of Star Equity Correlation against competitors.

Latest Star Equity's Non Currrent Assets Other Growth Pattern

Below is the plot of the Non Currrent Assets Other of Star Equity Holdings over the last few years. It is assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents. Star Equity's Non Currrent Assets Other historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Star Equity's overall financial position and show how it may be relating to other accounts over time.
Non Currrent Assets Other10 Years Trend
Pretty Stable
   Non Currrent Assets Other   
       Timeline  

Star Non Currrent Assets Other Regression Statistics

Arithmetic Mean2,994,187
Coefficient Of Variation221.12
Mean Deviation4,181,499
Median1,384,000
Standard Deviation6,620,703
Sample Variance43.8T
Range29.9M
R-Value(0.12)
Mean Square Error46.5T
R-Squared0.01
Significance0.67
Slope(178,766)
Total Sum of Squares613.7T

Star Non Currrent Assets Other History

20248.9 M
20238.4 M
20221.8 M
20211.7 M
20201.4 M
2019-6.9 M
2018782 K

About Star Equity Financial Statements

Star Equity shareholders use historical fundamental indicators, such as Non Currrent Assets Other, to determine how well the company is positioned to perform in the future. Although Star Equity investors may analyze each financial statement separately, they are all interrelated. The changes in Star Equity's assets and liabilities, for example, are also reflected in the revenues and expenses on on Star Equity's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Non Currrent Assets Other8.4 M8.9 M

Pair Trading with Star Equity

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Star Equity position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Star Equity will appreciate offsetting losses from the drop in the long position's value.

Moving together with Star Stock

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Moving against Star Stock

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  0.41ESLAW Estrella ImmunopharmaPairCorr
The ability to find closely correlated positions to Star Equity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Star Equity when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Star Equity - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Star Equity Holdings to buy it.
The correlation of Star Equity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Star Equity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Star Equity Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Star Equity can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Star Stock Analysis

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