Staar Surgical Stock Market Value
| STAA Stock | USD 26.68 0.05 0.19% |
| Symbol | STAAR |
STAAR Surgical Price To Book Ratio
Is Health Care Equipment & Supplies 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 STAAR Surgical. If investors know STAAR 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 STAAR Surgical 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 1.018 | Earnings Share 0.44 | Revenue Per Share 6.962 | Quarterly Revenue Growth 0.103 | Return On Assets 0.0339 |
The market value of STAAR Surgical is measured differently than its book value, which is the value of STAAR that is recorded on the company's balance sheet. Investors also form their own opinion of STAAR Surgical's value that differs from its market value or its book value, called intrinsic value, which is STAAR Surgical's 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 STAAR Surgical's market value can be influenced by many factors that don't directly affect STAAR Surgical's 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 STAAR Surgical's value and its price as these two are different measures arrived at by different means. Investors typically determine if STAAR Surgical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, STAAR Surgical'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.
STAAR Surgical '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 STAAR Surgical'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 STAAR Surgical.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in STAAR Surgical on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding STAAR Surgical or generate 0.0% return on investment in STAAR Surgical over 720 days. STAAR Surgical is related to or competes with ResMed, West Pharmaceutical, ICU Medical, Merit Medical, Microbot Medical, Becton Dickinson, and Cooper Companies,. STAAR Surgical Company, together with its subsidiaries, designs, develops, manufactures, markets, and sells implantable ... More
STAAR Surgical 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 STAAR Surgical'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 STAAR Surgical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 17.93 | |||
| Value At Risk | (4.60) | |||
| Potential Upside | 6.36 |
STAAR Surgical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STAAR Surgical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STAAR Surgical's standard deviation. In reality, there are many statistical measures that can use STAAR Surgical historical prices to predict the future STAAR Surgical's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | (0.28) |
STAAR Surgical Backtested Returns
STAAR Surgical retains Efficiency (Sharpe Ratio) of -0.0823, which indicates the firm had a -0.0823% return per unit of risk over the last 3 months. STAAR Surgical exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate STAAR Surgical's risk adjusted performance of (0.08), and Standard Deviation of 3.24 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 1.45, 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, STAAR Surgical will likely underperform. At this point, STAAR Surgical has a negative expected return of -0.27%. Please make sure to validate STAAR Surgical's information ratio, skewness, day typical price, as well as the relationship between the treynor ratio and daily balance of power , to decide if STAAR Surgical performance from the past will be repeated at future time.
Auto-correlation | 0.30 |
Below average predictability
STAAR Surgical has below average predictability. Overlapping area represents the amount of predictability between STAAR Surgical time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 STAAR Surgical price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current STAAR Surgical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 38.66 |
STAAR Surgical lagged returns against current returns
Autocorrelation, which is STAAR Surgical 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 STAAR Surgical's stock expected returns. We can calculate the autocorrelation of STAAR Surgical returns to help us make a trade decision. For example, suppose you find that STAAR Surgical 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 |
STAAR Surgical 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 STAAR Surgical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STAAR Surgical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STAAR Surgical stock over time.
Current vs Lagged Prices |
| Timeline |
STAAR Surgical Lagged Returns
When evaluating STAAR Surgical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STAAR Surgical stock have on its future price. STAAR Surgical 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, STAAR Surgical autocorrelation shows the relationship between STAAR Surgical stock current value and its past values and can show if there is a momentum factor associated with investing in STAAR Surgical.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether STAAR Surgical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of STAAR Surgical's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Staar Surgical Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Staar Surgical Stock:Check out STAAR Surgical Correlation, STAAR Surgical Volatility and STAAR Surgical Alpha and Beta module to complement your research on STAAR Surgical. For information on how to trade STAAR Stock refer to our How to Trade STAAR Stock guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
STAAR Surgical technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.