Starr Peak Exploration Stock Market Value
| STE Stock | CAD 0.36 0.01 2.70% |
| Symbol | Starr |
Starr Peak Exploration Price To Book Ratio
Starr Peak '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 Starr Peak'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 Starr Peak.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Starr Peak on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Starr Peak Exploration or generate 0.0% return on investment in Starr Peak over 30 days. Starr Peak is related to or competes with America Movil. Starr Peak Exploration Ltd. engages in identification, acquisition, and exploration of mineral properties in Canada More
Starr Peak 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 Starr Peak'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 Starr Peak Exploration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 26.08 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 5.41 |
Starr Peak Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Starr Peak's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Starr Peak's standard deviation. In reality, there are many statistical measures that can use Starr Peak historical prices to predict the future Starr Peak's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | (1.97) |
Starr Peak Exploration Backtested Returns
Starr Peak Exploration owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0317, which indicates the firm had a -0.0317% return per unit of risk over the last 3 months. Starr Peak Exploration exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Starr Peak's Variance of 15.53, risk adjusted performance of (0.02), and Coefficient Of Variation of (3,202) to confirm the risk estimate we provide. The entity has a beta of 0.0675, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Starr Peak's returns are expected to increase less than the market. However, during the bear market, the loss of holding Starr Peak is expected to be smaller as well. At this point, Starr Peak Exploration has a negative expected return of -0.13%. Please make sure to validate Starr Peak's total risk alpha and the relationship between the potential upside and market facilitation index , to decide if Starr Peak Exploration performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Starr Peak Exploration has insignificant predictability. Overlapping area represents the amount of predictability between Starr Peak time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 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 Starr Peak Exploration price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Starr Peak price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Starr Peak Exploration lagged returns against current returns
Autocorrelation, which is Starr Peak 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 Starr Peak's stock expected returns. We can calculate the autocorrelation of Starr Peak returns to help us make a trade decision. For example, suppose you find that Starr Peak 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 |
Starr Peak 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 Starr Peak stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Starr Peak stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Starr Peak stock over time.
Current vs Lagged Prices |
| Timeline |
Starr Peak Lagged Returns
When evaluating Starr Peak's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Starr Peak stock have on its future price. Starr Peak 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, Starr Peak autocorrelation shows the relationship between Starr Peak stock current value and its past values and can show if there is a momentum factor associated with investing in Starr Peak Exploration.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Starr Stock Analysis
When running Starr Peak's price analysis, check to measure Starr Peak's 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 Starr Peak is operating at the current time. Most of Starr Peak's value examination focuses on studying past and present price action to predict the probability of Starr Peak's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Starr Peak's price. Additionally, you may evaluate how the addition of Starr Peak to your portfolios can decrease your overall portfolio volatility.