Cryptostar Corp Stock Market Value
| CSTR Stock | CAD 0.04 0.01 12.50% |
| Symbol | CryptoStar |
CryptoStar Corp Price To Book Ratio
CryptoStar Corp '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 CryptoStar Corp'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 CryptoStar Corp.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in CryptoStar Corp on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding CryptoStar Corp or generate 0.0% return on investment in CryptoStar Corp over 30 days. CryptoStar Corp is related to or competes with Dmg Blockchain, HIVE Blockchain, and Hut 8. CryptoStar Corp. provides infrastructure solutions in the blockchain industry, including mining digital currencies in Ca... More
CryptoStar Corp 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 CryptoStar Corp'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 CryptoStar Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.75 | |||
| Information Ratio | 0.0915 | |||
| Maximum Drawdown | 45.0 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 25.0 |
CryptoStar Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CryptoStar Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CryptoStar Corp's standard deviation. In reality, there are many statistical measures that can use CryptoStar Corp historical prices to predict the future CryptoStar Corp's volatility.| Risk Adjusted Performance | 0.0861 | |||
| Jensen Alpha | 1.19 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0559 | |||
| Treynor Ratio | 8.11 |
CryptoStar Corp Backtested Returns
CryptoStar Corp appears to be out of control, given 3 months investment horizon. CryptoStar Corp secures Sharpe Ratio (or Efficiency) of 0.0787, which signifies that the company had a 0.0787% return per unit of risk over the last 3 months. By analyzing CryptoStar Corp's technical indicators, you can evaluate if the expected return of 0.95% is justified by implied risk. Please makes use of CryptoStar Corp's Risk Adjusted Performance of 0.0861, downside deviation of 19.75, and Mean Deviation of 7.62 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CryptoStar Corp holds a performance score of 6. The firm shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CryptoStar Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding CryptoStar Corp is expected to be smaller as well. Please check CryptoStar Corp's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether CryptoStar Corp's price patterns will revert.
Auto-correlation | 0.20 |
Weak predictability
CryptoStar Corp has weak predictability. Overlapping area represents the amount of predictability between CryptoStar Corp time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 CryptoStar Corp price movement. The serial correlation of 0.2 indicates that over 20.0% of current CryptoStar Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CryptoStar Corp lagged returns against current returns
Autocorrelation, which is CryptoStar Corp 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 CryptoStar Corp's stock expected returns. We can calculate the autocorrelation of CryptoStar Corp returns to help us make a trade decision. For example, suppose you find that CryptoStar Corp 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 |
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CryptoStar Corp 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 CryptoStar Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CryptoStar Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CryptoStar Corp stock over time.
Current vs Lagged Prices |
| Timeline |
CryptoStar Corp Lagged Returns
When evaluating CryptoStar Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CryptoStar Corp stock have on its future price. CryptoStar Corp 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, CryptoStar Corp autocorrelation shows the relationship between CryptoStar Corp stock current value and its past values and can show if there is a momentum factor associated with investing in CryptoStar Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for CryptoStar Stock Analysis
When running CryptoStar Corp's price analysis, check to measure CryptoStar Corp'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 CryptoStar Corp is operating at the current time. Most of CryptoStar Corp's value examination focuses on studying past and present price action to predict the probability of CryptoStar Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CryptoStar Corp's price. Additionally, you may evaluate how the addition of CryptoStar Corp to your portfolios can decrease your overall portfolio volatility.