Starr Peak Exploration Stock Market Value
| STRPF Stock | USD 0.26 0.01 3.70% |
| Symbol | Starr |
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 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 Starr Peak.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Starr Peak on October 28, 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 Ameriwest Lithium, American Lithium, Strategic Resources, South Star, and Nickel Creek. Starr Peak Mining Ltd., an exploration stage junior mining company, engages in the identification, acquisition, and expl... 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 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 Starr Peak Exploration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 32.67 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 8.0 |
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 | 0.0025 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | (0.08) |
Starr Peak Exploration Backtested Returns
Starr Peak Exploration owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0083, which indicates the firm had a -0.0083% return per unit of risk over the last 3 months. Starr Peak Exploration exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Starr Peak's Coefficient Of Variation of (12,893), risk adjusted performance of 0.0025, and Variance of 25.17 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, 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 -0.0418%. Please make sure to validate Starr Peak's treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Starr Peak Exploration performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Starr Peak Exploration has below average predictability. Overlapping area represents the amount of predictability between Starr Peak time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Starr Peak Exploration price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Starr Peak price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Starr Peak Exploration lagged returns against current returns
Autocorrelation, which is Starr Peak 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 Starr Peak's otc 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 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 |
| 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 otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Starr Peak otc 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 otc 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 otc 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 otc 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Starr OTC Stock
Starr Peak financial ratios help investors to determine whether Starr 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 Starr with respect to the benefits of owning Starr Peak security.