Starlight Residential Fund Market Value
| SURF-A Fund | 2.45 0.34 12.19% |
| Symbol | Starlight |
Starlight Residential '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 Starlight Residential's fund 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 Starlight Residential.
| 10/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Starlight Residential on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding Starlight Residential or generate 0.0% return on investment in Starlight Residential over 60 days.
Starlight Residential 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 Starlight Residential's fund 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 Starlight Residential upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 58.27 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 1.45 |
Starlight Residential Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Starlight Residential's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Starlight Residential's standard deviation. In reality, there are many statistical measures that can use Starlight Residential historical prices to predict the future Starlight Residential's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (1.36) | |||
| Treynor Ratio | 0.3882 |
Starlight Residential Backtested Returns
Starlight Residential owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0672, which indicates the fund had a -0.0672% return per unit of risk over the last 3 months. Starlight Residential exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Starlight Residential's Risk Adjusted Performance of (0.04), variance of 33.23, and Coefficient Of Variation of (1,478) to confirm the risk estimate we provide. The entity has a beta of -1.03, which indicates a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Starlight Residential are expected to decrease slowly. On the other hand, during market turmoil, Starlight Residential is expected to outperform it slightly.
Auto-correlation | -0.4 |
Poor reverse predictability
Starlight Residential has poor reverse predictability. Overlapping area represents the amount of predictability between Starlight Residential time series from 3rd of October 2024 to 2nd of November 2024 and 2nd of November 2024 to 2nd 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 Starlight Residential price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Starlight Residential price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Starlight Residential lagged returns against current returns
Autocorrelation, which is Starlight Residential fund'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 Starlight Residential's fund expected returns. We can calculate the autocorrelation of Starlight Residential returns to help us make a trade decision. For example, suppose you find that Starlight Residential has exhibited high autocorrelation historically, and you observe that the fund 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 |
Starlight Residential 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 Starlight Residential fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Starlight Residential fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Starlight Residential fund over time.
Current vs Lagged Prices |
| Timeline |
Starlight Residential Lagged Returns
When evaluating Starlight Residential's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Starlight Residential fund have on its future price. Starlight Residential 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, Starlight Residential autocorrelation shows the relationship between Starlight Residential fund current value and its past values and can show if there is a momentum factor associated with investing in Starlight Residential.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |