Starlight Global Real Etf Market Value
| SCGR Etf | 8.70 0.07 0.81% |
| Symbol | Starlight |
Please note, there is a significant difference between Starlight Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Starlight Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Starlight Global'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.
Starlight Global '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 Starlight Global's etf 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 Starlight Global.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Starlight Global on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Starlight Global Real or generate 0.0% return on investment in Starlight Global over 720 days. Starlight Global is related to or competes with Brompton Global, Global Healthcare, Tech Leaders, and Brompton North. Starlight Global is entity of Canada. It is traded as Etf on NEO exchange. More
Starlight Global 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 Starlight Global's etf 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 Starlight Global Real upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.673 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 3.91 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 1.12 |
Starlight Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Starlight Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Starlight Global's standard deviation. In reality, there are many statistical measures that can use Starlight Global historical prices to predict the future Starlight Global's volatility.| Risk Adjusted Performance | 0.0151 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | 0.0347 |
Starlight Global Real Backtested Returns
At this point, Starlight Global is very steady. Starlight Global Real owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0222, which indicates the etf had a 0.0222% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Starlight Global Real, which you can use to evaluate the volatility of the etf. Please validate Starlight Global's Semi Deviation of 0.4763, coefficient of variation of 4595.89, and Risk Adjusted Performance of 0.0151 to confirm if the risk estimate we provide is consistent with the expected return of 0.0148%. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Starlight Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Starlight Global is expected to be smaller as well.
Auto-correlation | -0.63 |
Very good reverse predictability
Starlight Global Real has very good reverse predictability. Overlapping area represents the amount of predictability between Starlight Global time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Starlight Global Real price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Starlight Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Starlight Global Real lagged returns against current returns
Autocorrelation, which is Starlight Global etf'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 Starlight Global's etf expected returns. We can calculate the autocorrelation of Starlight Global returns to help us make a trade decision. For example, suppose you find that Starlight Global has exhibited high autocorrelation historically, and you observe that the etf 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 |
Starlight Global 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 Starlight Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Starlight Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Starlight Global etf over time.
Current vs Lagged Prices |
| Timeline |
Starlight Global Lagged Returns
When evaluating Starlight Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Starlight Global etf have on its future price. Starlight Global 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, Starlight Global autocorrelation shows the relationship between Starlight Global etf current value and its past values and can show if there is a momentum factor associated with investing in Starlight Global Real.
Regressed Prices |
| Timeline |
Pair Trading with Starlight Global
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 Starlight Global 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 Starlight Global will appreciate offsetting losses from the drop in the long position's value.Moving against Starlight Etf
| 0.51 | ZSP | BMO SP 500 | PairCorr |
| 0.51 | VFV | Vanguard SP 500 | PairCorr |
| 0.46 | XFR | iShares Floating Rate | PairCorr |
| 0.42 | XSP | iShares Core SP | PairCorr |
| 0.41 | XIU | iShares SPTSX 60 | PairCorr |
The ability to find closely correlated positions to Starlight Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Starlight Global 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 Starlight Global - 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 Starlight Global Real to buy it.
The correlation of Starlight Global 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 Starlight Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Starlight Global Real 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 Starlight Global 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.Other Information on Investing in Starlight Etf
Starlight Global financial ratios help investors to determine whether Starlight Etf 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 Starlight with respect to the benefits of owning Starlight Global security.