Star Diamond Stock Market Value
| SHGDF Stock | USD 0.03 0 5.67% |
| Symbol | Star |
Star Diamond '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 Diamond's pink sheet 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 Diamond.
| 01/26/2025 |
| 02/25/2025 |
If you would invest 0.00 in Star Diamond on January 26, 2025 and sell it all today you would earn a total of 0.00 from holding Star Diamond or generate 0.0% return on investment in Star Diamond over 30 days. Star Diamond is related to or competes with Endeavour Silver, Metalla Royalty, New Pacific, and Hecla Mining. Star Diamond Corporation engages in the exploration, development, and production of diamonds in Canada More
Star Diamond 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 Diamond's pink sheet 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 Diamond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 38.91 | |||
| Information Ratio | 0.1217 | |||
| Maximum Drawdown | 125.0 | |||
| Value At Risk | (33.33) | |||
| Potential Upside | 50.0 |
Star Diamond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Star Diamond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Star Diamond's standard deviation. In reality, there are many statistical measures that can use Star Diamond historical prices to predict the future Star Diamond's volatility.| Risk Adjusted Performance | 0.0992 | |||
| Jensen Alpha | 2.65 | |||
| Total Risk Alpha | 2.78 | |||
| Sortino Ratio | 0.068 | |||
| Treynor Ratio | 1.19 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Star Diamond'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.
Star Diamond Backtested Returns
Star Diamond is out of control given 3 months investment horizon. Star Diamond owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12 % return per unit of risk over the last 3 months. We were able to break down twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.35% are justified by taking the suggested risk. Use Star Diamond Coefficient Of Variation of 819.85, risk adjusted performance of 0.0992, and Semi Deviation of 11.31 to evaluate company specific risk that cannot be diversified away. Star Diamond holds a performance score of 9 on a scale of zero to a hundred. The entity has a beta of 2.23, which indicates 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, Star Diamond will likely underperform. Use Star Diamond coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance , to analyze future returns on Star Diamond.
Auto-correlation | 0.16 |
Very weak predictability
Star Diamond has very weak predictability. Overlapping area represents the amount of predictability between Star Diamond time series from 26th of January 2025 to 10th of February 2025 and 10th of February 2025 to 25th of February 2025. 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 Diamond price movement. The serial correlation of 0.16 indicates that over 16.0% of current Star Diamond price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Star Diamond lagged returns against current returns
Autocorrelation, which is Star Diamond pink sheet'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 Diamond's pink sheet expected returns. We can calculate the autocorrelation of Star Diamond returns to help us make a trade decision. For example, suppose you find that Star Diamond has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Diamond 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 Diamond pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Star Diamond pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Star Diamond pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Star Diamond Lagged Returns
When evaluating Star Diamond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Star Diamond pink sheet have on its future price. Star Diamond 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 Diamond autocorrelation shows the relationship between Star Diamond pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Star Diamond.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Star Pink Sheet
Star Diamond financial ratios help investors to determine whether Star Pink Sheet 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 Star with respect to the benefits of owning Star Diamond security.