Stelar Metals (Australia) Market Value
| SLB Stock | 0.07 0 5.80% |
| Symbol | Stelar |
Stelar Metals '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 Stelar Metals' 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 Stelar Metals.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Stelar Metals on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Stelar Metals or generate 0.0% return on investment in Stelar Metals over 30 days. Stelar Metals is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Aneka Tambang, Perseus Mining, and De Grey. Stelar Metals is entity of Australia. It is traded as Stock on AU exchange. More
Stelar Metals 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 Stelar Metals' 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 Stelar Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 34.87 | |||
| Value At Risk | (6.90) | |||
| Potential Upside | 5.88 |
Stelar Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stelar Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stelar Metals' standard deviation. In reality, there are many statistical measures that can use Stelar Metals historical prices to predict the future Stelar Metals' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | 0.2805 |
Stelar Metals Backtested Returns
Stelar Metals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0556, which indicates the firm had a -0.0556% return per unit of risk over the last 3 months. Stelar Metals exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Stelar Metals' Coefficient Of Variation of (2,102), risk adjusted performance of (0.03), and Variance of 20.66 to confirm the risk estimate we provide. The entity has a beta of -0.81, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Stelar Metals are expected to decrease at a much lower rate. During the bear market, Stelar Metals is likely to outperform the market. At this point, Stelar Metals has a negative expected return of -0.26%. Please make sure to validate Stelar Metals' standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if Stelar Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
Stelar Metals has very weak predictability. Overlapping area represents the amount of predictability between Stelar Metals time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Stelar Metals price movement. The serial correlation of 0.18 indicates that over 18.0% of current Stelar Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Stelar Metals lagged returns against current returns
Autocorrelation, which is Stelar Metals 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 Stelar Metals' stock expected returns. We can calculate the autocorrelation of Stelar Metals returns to help us make a trade decision. For example, suppose you find that Stelar Metals 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 |
Stelar Metals 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 Stelar Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stelar Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stelar Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Stelar Metals Lagged Returns
When evaluating Stelar Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stelar Metals stock have on its future price. Stelar Metals 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, Stelar Metals autocorrelation shows the relationship between Stelar Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Stelar Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Stelar Stock Analysis
When running Stelar Metals' price analysis, check to measure Stelar Metals' 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 Stelar Metals is operating at the current time. Most of Stelar Metals' value examination focuses on studying past and present price action to predict the probability of Stelar Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stelar Metals' price. Additionally, you may evaluate how the addition of Stelar Metals to your portfolios can decrease your overall portfolio volatility.