Star Diamond Stock Forecast - Simple Exponential Smoothing
| DIAM Stock | CAD 0.04 0.01 12.50% |
Star Stock outlook is based on your current time horizon. Although Star Diamond's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Star Diamond's systematic risk associated with finding meaningful patterns of Star Diamond fundamentals over time.
As of today, the relative strength momentum indicator of Star Diamond's share price is approaching 49 suggesting that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Star Diamond, making its price go up or down. Momentum 49
Impartial
Oversold | Overbought |
Wall Street Target Price 0.6 | Quarterly Revenue Growth (0.25) |
Using Star Diamond hype-based prediction, you can estimate the value of Star Diamond Corp from the perspective of Star Diamond response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Star Diamond Corp on the next trading day is expected to be 0.04 with a mean absolute deviation of 0 and the sum of the absolute errors of 0.18. Star Diamond after-hype prediction price | CAD 0.04 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Star |
Star Diamond Additional Predictive Modules
Most predictive techniques to examine Star price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Star using various technical indicators. When you analyze Star charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Star Diamond Simple Exponential Smoothing Price Forecast For the 27th of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Star Diamond Corp on the next trading day is expected to be 0.04 with a mean absolute deviation of 0, mean absolute percentage error of 0.00002, and the sum of the absolute errors of 0.18.Please note that although there have been many attempts to predict Star Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Star Diamond's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Star Diamond Stock Forecast Pattern
| Backtest Star Diamond | Star Diamond Price Prediction | Buy or Sell Advice |
Star Diamond Forecasted Value
In the context of forecasting Star Diamond's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Star Diamond's downside and upside margins for the forecasting period are 0.0003 and 14.81, respectively. We have considered Star Diamond's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Star Diamond stock data series using in forecasting. Note that when a statistical model is used to represent Star Diamond stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 105.4604 |
| Bias | Arithmetic mean of the errors | -2.0E-4 |
| MAD | Mean absolute deviation | 0.0031 |
| MAPE | Mean absolute percentage error | 0.0889 |
| SAE | Sum of the absolute errors | 0.1849 |
Predictive Modules for Star Diamond
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Star Diamond Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Star Diamond After-Hype Price Density Analysis
As far as predicting the price of Star Diamond at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Star Diamond or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Star Diamond, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Star Diamond Estimiated After-Hype Price Volatility
In the context of predicting Star Diamond's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Star Diamond's historical news coverage. Star Diamond's after-hype downside and upside margins for the prediction period are 0.00 and 14.82, respectively. We have considered Star Diamond's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Star Diamond is out of control at this time. Analysis and calculation of next after-hype price of Star Diamond Corp is based on 3 months time horizon.
Star Diamond Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Star Diamond is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Star Diamond backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Star Diamond, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
1.28 | 14.78 | 0.00 | 0.01 | 3 Events / Month | 2 Events / Month | In about 3 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
0.04 | 0.04 | 14.29 |
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Star Diamond Hype Timeline
Star Diamond Corp is currently traded for 0.04on Toronto Exchange of Canada. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.01. Star is estimated to increase in value after the next headline, with the price projected to jump to 0.04 or above. The average volatility of media hype impact on the company the price is insignificant. The price boost on the next news is estimated to be 14.29%, whereas the daily expected return is currently at 1.28%. The volatility of related hype on Star Diamond is about 197066.67%, with the expected price after the next announcement by competition of 0.05. Star Diamond Corp has accumulated 122 K in total debt with debt to equity ratio (D/E) of 0.4, which is about average as compared to similar companies. Star Diamond Corp has a current ratio of 21.32, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Star Diamond until it has trouble settling it off, either with new capital or with free cash flow. So, Star Diamond's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Star Diamond Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Star to invest in growth at high rates of return. When we think about Star Diamond's use of debt, we should always consider it together with cash and equity.Assuming the 90 days trading horizon the next estimated press release will be in about 3 days. Check out Historical Fundamental Analysis of Star Diamond to cross-verify your projections.Star Diamond Related Hype Analysis
Having access to credible news sources related to Star Diamond's direct competition is more important than ever and may enhance your ability to predict Star Diamond's future price movements. Getting to know how Star Diamond's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Star Diamond may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| STRR | Star Royalties | (0.01) | 2 per month | 2.41 | 0.17 | 6.67 | (5.88) | 23.70 | |
| CN | Condor Resources | 0.01 | 2 per month | 4.95 | 0.07 | 12.50 | (9.09) | 37.82 | |
| KFR | Kingfisher Metals Corp | 0.01 | 6 per month | 3.14 | 0.21 | 10.71 | (6.45) | 28.92 | |
| PNTR | Pantera Silver Corp | 0.01 | 5 per month | 6.09 | 0.16 | 14.75 | (10.23) | 45.31 | |
| CGNT | Copper Giant Resources | 0.01 | 9 per month | 5.80 | 0.20 | 16.13 | (9.09) | 43.75 | |
| SBMI | Silver Bullet Mines | 0.01 | 2 per month | 0.00 | (0.03) | 8.33 | (7.14) | 21.64 | |
| TUF | Honey Badger Silver | 0.01 | 5 per month | 5.90 | 0.10 | 11.11 | (10.00) | 29.62 | |
| EQTY | Equity Metals Corp | 0.01 | 5 per month | 4.28 | 0.25 | 15.56 | (7.32) | 38.17 |
Other Forecasting Options for Star Diamond
For every potential investor in Star, whether a beginner or expert, Star Diamond's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Star Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Star. Basic forecasting techniques help filter out the noise by identifying Star Diamond's price trends.Star Diamond Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Star Diamond stock to make a market-neutral strategy. Peer analysis of Star Diamond could also be used in its relative valuation, which is a method of valuing Star Diamond by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Star Diamond Market Strength Events
Market strength indicators help investors to evaluate how Star Diamond stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Star Diamond shares will generate the highest return on investment. By undertsting and applying Star Diamond stock market strength indicators, traders can identify Star Diamond Corp entry and exit signals to maximize returns.
Star Diamond Risk Indicators
The analysis of Star Diamond's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Star Diamond's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting star stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 8.73 | |||
| Semi Deviation | 9.53 | |||
| Standard Deviation | 15.21 | |||
| Variance | 231.39 | |||
| Downside Variance | 644.53 | |||
| Semi Variance | 90.73 | |||
| Expected Short fall | (33.33) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Star Diamond
The number of cover stories for Star Diamond depends on current market conditions and Star Diamond's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Star Diamond is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Star Diamond's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Star Diamond Short Properties
Star Diamond's future price predictability will typically decrease when Star Diamond's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Star Diamond Corp often depends not only on the future outlook of the potential Star Diamond's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Star Diamond's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 581.1 M | |
| Cash And Short Term Investments | 164 K |
Other Information on Investing in Star Stock
Star Diamond financial ratios help investors to determine whether Star Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Star with respect to the benefits of owning Star Diamond security.