Stingray Group Stock Market Value
| STGYF Stock | USD 5.69 0.14 2.40% |
| Symbol | Stingray |
Stingray '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 Stingray'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 Stingray.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Stingray on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Stingray Group or generate 0.0% return on investment in Stingray over 510 days. Stingray is related to or competes with Copa Holdings, United Airlines, Delta Air, SkyWest, and Allegiant Travel. Stingray Group Inc. operates as a music, media, and technology company worldwide More
Stingray 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 Stingray'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 Stingray Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 12.66 | |||
| Potential Upside | 1.21 |
Stingray Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Stingray's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Stingray's standard deviation. In reality, there are many statistical measures that can use Stingray historical prices to predict the future Stingray's volatility.| Risk Adjusted Performance | 0.0057 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Stingray'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.
Stingray Group Backtested Returns
Stingray Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -9.0E-4, which indicates the firm had a -9.0E-4% return per unit of risk over the last 3 months. Stingray Group exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Stingray's Risk Adjusted Performance of 0.0057, coefficient of variation of (112,379), and Variance of 4.35 to confirm the risk estimate we provide. The entity has a beta of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Stingray's returns are expected to increase less than the market. However, during the bear market, the loss of holding Stingray is expected to be smaller as well. At this point, Stingray Group has a negative expected return of -0.0019%. Please make sure to validate Stingray's variance, skewness, as well as the relationship between the Skewness and day typical price , to decide if Stingray Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Stingray Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Stingray time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Stingray Group price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Stingray price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Stingray Group lagged returns against current returns
Autocorrelation, which is Stingray 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 Stingray's pink sheet expected returns. We can calculate the autocorrelation of Stingray returns to help us make a trade decision. For example, suppose you find that Stingray 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 |
Stingray 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 Stingray pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Stingray pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Stingray pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Stingray Lagged Returns
When evaluating Stingray's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Stingray pink sheet have on its future price. Stingray 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, Stingray autocorrelation shows the relationship between Stingray pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Stingray Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Stingray Pink Sheet
Stingray financial ratios help investors to determine whether Stingray 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 Stingray with respect to the benefits of owning Stingray security.