Color Star Technology Stock Market Value
| ADD Stock | USD 3.94 0.25 5.97% |
| Symbol | Color |
Color Star Technology Price To Book Ratio
Is Movies & Entertainment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Color Star. If investors know Color will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Color Star listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (71.00) | Revenue Per Share 0.074 | Quarterly Revenue Growth 3.047 | Return On Assets (0.59) | Return On Equity (1.24) |
The market value of Color Star Technology is measured differently than its book value, which is the value of Color that is recorded on the company's balance sheet. Investors also form their own opinion of Color Star's value that differs from its market value or its book value, called intrinsic value, which is Color Star's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Color Star's market value can be influenced by many factors that don't directly affect Color Star's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Color Star's value and its price as these two are different measures arrived at by different means. Investors typically determine if Color Star is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Color Star's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Color Star '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 Color Star'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 Color Star.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Color Star on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Color Star Technology or generate 0.0% return on investment in Color Star over 30 days. Color Star is related to or competes with LiveOne, Cineverse Corp, Celtic Plc, and OverActive Media. Color Star is entity of United States. It is traded as Stock on NASDAQ exchange. More
Color Star 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 Color Star'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 Color Star Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 103.3 | |||
| Value At Risk | (31.87) | |||
| Potential Upside | 21.05 |
Color Star Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Color Star's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Color Star's standard deviation. In reality, there are many statistical measures that can use Color Star historical prices to predict the future Color Star's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (3.54) | |||
| Total Risk Alpha | (5.51) | |||
| Treynor Ratio | (0.90) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Color Star'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.
Color Star Technology Backtested Returns
Color Star Technology secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the company had a -0.18% return per unit of risk over the last 3 months. Color Star Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Color Star's Risk Adjusted Performance of (0.14), standard deviation of 15.78, and Mean Deviation of 10.99 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 3.49, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Color Star will likely underperform. At this point, Color Star Technology has a negative expected return of -2.8%. Please make sure to confirm Color Star's potential upside, daily balance of power, and the relationship between the maximum drawdown and kurtosis , to decide if Color Star Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.71 |
Good predictability
Color Star Technology has good predictability. Overlapping area represents the amount of predictability between Color Star time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Color Star Technology price movement. The serial correlation of 0.71 indicates that around 71.0% of current Color Star price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 1.31 |
Color Star Technology lagged returns against current returns
Autocorrelation, which is Color Star 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 Color Star's stock expected returns. We can calculate the autocorrelation of Color Star returns to help us make a trade decision. For example, suppose you find that Color Star 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 |
Color Star 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 Color Star stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Color Star stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Color Star stock over time.
Current vs Lagged Prices |
| Timeline |
Color Star Lagged Returns
When evaluating Color Star's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Color Star stock have on its future price. Color Star 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, Color Star autocorrelation shows the relationship between Color Star stock current value and its past values and can show if there is a momentum factor associated with investing in Color Star Technology.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Color Star Technology is a strong investment it is important to analyze Color Star's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Color Star's future performance. For an informed investment choice regarding Color Stock, refer to the following important reports:Check out Color Star Correlation, Color Star Volatility and Color Star Alpha and Beta module to complement your research on Color Star. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Color Star 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.