Star Gas Partners Stock Market Value
| SGU Stock | USD 12.48 0.17 1.38% |
| Symbol | Star |
Star Gas Partners Price To Book Ratio
Is Gas Utilities 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 Star Gas. If investors know Star 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 Star Gas listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.104 | Dividend Share 0.67 | Earnings Share 1.24 | Revenue Per Share 50.495 | Quarterly Revenue Growth 0.105 |
The market value of Star Gas Partners is measured differently than its book value, which is the value of Star that is recorded on the company's balance sheet. Investors also form their own opinion of Star Gas' value that differs from its market value or its book value, called intrinsic value, which is Star Gas' 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 Star Gas' market value can be influenced by many factors that don't directly affect Star Gas' 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 Star Gas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Star Gas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Star Gas' 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.
Star Gas '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 Star Gas' 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 Star Gas.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Star Gas on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Star Gas Partners or generate 0.0% return on investment in Star Gas over 30 days. Star Gas is related to or competes with Ultrapar Participacoes, Par Pacific, Delek Energy, Crossamerica Partners, Delek Logistics, CVR Energy, and PBF Energy. Star Group, L.P. sells home heating and air conditioning products and services to residential and commercial home heatin... More
Star Gas 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 Star Gas' 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 Star Gas Partners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.48 | |||
| Information Ratio | 0.0142 | |||
| Maximum Drawdown | 9.7 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 3.36 |
Star Gas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Star Gas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Star Gas' standard deviation. In reality, there are many statistical measures that can use Star Gas historical prices to predict the future Star Gas' volatility.| Risk Adjusted Performance | 0.0602 | |||
| Jensen Alpha | 0.0701 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0184 | |||
| Treynor Ratio | 0.2224 |
Star Gas Partners Backtested Returns
Currently, Star Gas Partners is not too volatile. Star Gas Partners owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0785, which indicates the firm had a 0.0785% return per unit of risk over the last 3 months. We have found thirty technical indicators for Star Gas Partners, which you can use to evaluate the volatility of the company. Please validate Star Gas' Semi Deviation of 1.37, risk adjusted performance of 0.0602, and Coefficient Of Variation of 1408.15 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Star Gas has a performance score of 6 on a scale of 0 to 100. The entity has a beta of 0.57, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Star Gas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Star Gas is expected to be smaller as well. Star Gas Partners right now has a risk of 1.95%. Please validate Star Gas downside variance, and the relationship between the total risk alpha and daily balance of power , to decide if Star Gas will be following its existing price patterns.
Auto-correlation | 0.50 |
Modest predictability
Star Gas Partners has modest predictability. Overlapping area represents the amount of predictability between Star Gas 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 Star Gas Partners price movement. The serial correlation of 0.5 indicates that about 50.0% of current Star Gas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Star Gas Partners lagged returns against current returns
Autocorrelation, which is Star Gas 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 Star Gas' stock expected returns. We can calculate the autocorrelation of Star Gas returns to help us make a trade decision. For example, suppose you find that Star Gas 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 |
Star Gas 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 Star Gas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Star Gas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Star Gas stock over time.
Current vs Lagged Prices |
| Timeline |
Star Gas Lagged Returns
When evaluating Star Gas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Star Gas stock have on its future price. Star Gas 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, Star Gas autocorrelation shows the relationship between Star Gas stock current value and its past values and can show if there is a momentum factor associated with investing in Star Gas Partners.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Star Stock Analysis
When running Star Gas' price analysis, check to measure Star Gas' 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 Star Gas is operating at the current time. Most of Star Gas' value examination focuses on studying past and present price action to predict the probability of Star Gas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Star Gas' price. Additionally, you may evaluate how the addition of Star Gas to your portfolios can decrease your overall portfolio volatility.