Blue Star's market value is the price at which a share of Blue Star trades on a public exchange. It measures the collective expectations of Blue Star Helium investors about its performance. Blue Star is trading at 0.003 as of the 11th of December 2024. This is a 53.85 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.003. With this module, you can estimate the performance of a buy and hold strategy of Blue Star Helium and determine expected loss or profit from investing in Blue Star over a given investment horizon. Check out Blue Star Correlation, Blue Star Volatility and Blue Star Alpha and Beta module to complement your research on Blue Star.
Please note, there is a significant difference between Blue Star's value and its price as these two are different measures arrived at by different means. Investors typically determine if Blue Star is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Blue 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.
Blue 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 Blue Star's otc 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 Blue Star.
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If you would invest 0.00 in Blue Star on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Blue Star Helium or generate 0.0% return on investment in Blue Star over 30 days. Blue Star is related to or competes with Permian Resources, Devon Energy, EOG Resources, Coterra Energy, Diamondback Energy, and ConocoPhillips. Blue Star Helium Limited operates as an independent helium exploration and production company in Australia More
Blue 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 Blue Star's otc 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 Blue Star Helium upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Blue Star's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Blue Star's standard deviation. In reality, there are many statistical measures that can use Blue Star historical prices to predict the future Blue Star's volatility.
Blue Star is out of control given 3 months investment horizon. Blue Star Helium secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 39.25% are justified by taking the suggested risk. Use Blue Star Downside Deviation of 80.83, mean deviation of 100.8, and Risk Adjusted Performance of 0.1409 to evaluate company specific risk that cannot be diversified away. Blue Star holds a performance score of 15 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -40.02, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Blue Star are expected to decrease by larger amounts. On the other hand, during market turmoil, Blue Star is expected to outperform it. Use Blue Star maximum drawdown and the relationship between the semi variance and day typical price , to analyze future returns on Blue Star.
Correlation Coefficient
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Spearman Rank Test
0.72
Residual Average
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Price Variance
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Blue Star Helium lagged returns against current returns
Autocorrelation, which is Blue Star otc 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 Blue Star's otc stock expected returns. We can calculate the autocorrelation of Blue Star returns to help us make a trade decision. For example, suppose you find that Blue Star has exhibited high autocorrelation historically, and you observe that the otc 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
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Blue 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 Blue Star otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Blue Star otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Blue Star otc stock over time.
Current vs Lagged Prices
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Blue Star Lagged Returns
When evaluating Blue Star's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Blue Star otc stock have on its future price. Blue 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, Blue Star autocorrelation shows the relationship between Blue Star otc stock current value and its past values and can show if there is a momentum factor associated with investing in Blue Star Helium.
Blue Star financial ratios help investors to determine whether Blue OTC 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 Blue with respect to the benefits of owning Blue Star security.