Starrag Group (Switzerland) Market Value
| STGN Stock | CHF 38.00 0.40 1.06% |
| Symbol | Starrag |
Starrag Group '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 Starrag Group'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 Starrag Group.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Starrag Group on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Starrag Group Holding or generate 0.0% return on investment in Starrag Group over 30 days. Starrag Group is related to or competes with Carlo Gavazzi, Mikron Holding, and Valartis Group. Starrag Group Holding AG manufactures and sells high-precision machine tools for milling, turning, boring, and grinding ... More
Starrag Group 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 Starrag Group'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 Starrag Group Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 14.73 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 3.92 |
Starrag Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Starrag Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Starrag Group's standard deviation. In reality, there are many statistical measures that can use Starrag Group historical prices to predict the future Starrag Group's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.38) |
Starrag Group Holding Backtested Returns
Starrag Group Holding owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0937, which indicates the firm had a -0.0937% return per unit of risk over the last 3 months. Starrag Group Holding exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Starrag Group's Coefficient Of Variation of (1,078), risk adjusted performance of (0.06), and Variance of 5.95 to confirm the risk estimate we provide. The entity has a beta of 0.63, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Starrag Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Starrag Group is expected to be smaller as well. At this point, Starrag Group Holding has a negative expected return of -0.23%. Please make sure to validate Starrag Group's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Starrag Group Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.38 |
Poor reverse predictability
Starrag Group Holding has poor reverse predictability. Overlapping area represents the amount of predictability between Starrag Group 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 Starrag Group Holding price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Starrag Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 2.59 |
Starrag Group Holding lagged returns against current returns
Autocorrelation, which is Starrag Group 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 Starrag Group's stock expected returns. We can calculate the autocorrelation of Starrag Group returns to help us make a trade decision. For example, suppose you find that Starrag Group 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 |
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Starrag Group 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 Starrag Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Starrag Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Starrag Group stock over time.
Current vs Lagged Prices |
| Timeline |
Starrag Group Lagged Returns
When evaluating Starrag Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Starrag Group stock have on its future price. Starrag Group 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, Starrag Group autocorrelation shows the relationship between Starrag Group stock current value and its past values and can show if there is a momentum factor associated with investing in Starrag Group Holding.
Regressed Prices |
| Timeline |
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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.Additional Tools for Starrag Stock Analysis
When running Starrag Group's price analysis, check to measure Starrag Group'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 Starrag Group is operating at the current time. Most of Starrag Group's value examination focuses on studying past and present price action to predict the probability of Starrag Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Starrag Group's price. Additionally, you may evaluate how the addition of Starrag Group to your portfolios can decrease your overall portfolio volatility.