Star Royalties Stock Market Value
| STRFF Stock | USD 0.20 0.01 4.76% |
| Symbol | Star |
Star Royalties '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 Star Royalties' otc 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 Star Royalties.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Star Royalties on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Star Royalties or generate 0.0% return on investment in Star Royalties over 30 days. Star Royalties is related to or competes with Morningstar Unconstrained, High-yield Municipal, Knife River, Klckner Co, CarMax, SEI Investments, and Kosmos Energy. Star Royalties Ltd. operates as a precious metals royalty and streaming investment company More
Star Royalties 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 Star Royalties' otc 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 Star Royalties upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.73 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 22.94 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 5.26 |
Star Royalties Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Star Royalties' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Star Royalties' standard deviation. In reality, there are many statistical measures that can use Star Royalties historical prices to predict the future Star Royalties' volatility.| Risk Adjusted Performance | 0.0211 | |||
| Jensen Alpha | 0.0682 | |||
| Total Risk Alpha | (0.52) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.42) |
Star Royalties Backtested Returns
Star Royalties owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0025, which indicates the firm had a -0.0025% return per unit of risk over the last 3 months. Star Royalties exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Star Royalties' Semi Deviation of 2.17, coefficient of variation of 5799.31, and Risk Adjusted Performance of 0.0211 to confirm the risk estimate we provide. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Star Royalties are expected to decrease at a much lower rate. During the bear market, Star Royalties is likely to outperform the market. At this point, Star Royalties has a negative expected return of -0.0093%. Please make sure to validate Star Royalties' information ratio, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to decide if Star Royalties performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.04 |
Very weak reverse predictability
Star Royalties has very weak reverse predictability. Overlapping area represents the amount of predictability between Star Royalties 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 Star Royalties price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Star Royalties price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Star Royalties lagged returns against current returns
Autocorrelation, which is Star Royalties otc 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 Star Royalties' otc stock expected returns. We can calculate the autocorrelation of Star Royalties returns to help us make a trade decision. For example, suppose you find that Star Royalties has exhibited high autocorrelation historically, and you observe that the otc 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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Star Royalties 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 Star Royalties otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Star Royalties otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Star Royalties otc stock over time.
Current vs Lagged Prices |
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Star Royalties Lagged Returns
When evaluating Star Royalties' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Star Royalties otc stock have on its future price. Star Royalties 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, Star Royalties autocorrelation shows the relationship between Star Royalties otc stock current value and its past values and can show if there is a momentum factor associated with investing in Star Royalties.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Star OTC Stock
Star Royalties financial ratios help investors to determine whether Star OTC Stock 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 Star with respect to the benefits of owning Star Royalties security.