Star Diamond Current Valuation vs. Market Capitalization
| DIAM Stock | CAD 0.03 0.01 25.00% |
For Star Diamond profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Star Diamond to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Star Diamond Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Star Diamond's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Star Diamond Corp over time as well as its relative position and ranking within its peers.
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Star Diamond Corp Market Capitalization vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Star Diamond's current stock value. Our valuation model uses many indicators to compare Star Diamond value to that of its competitors to determine the firm's financial worth. Star Diamond Corp is rated # 5 in current valuation category among its peers. It is rated below average in market capitalization category among its peers creating about 1.05 of Market Capitalization per Current Valuation. At this time, Star Diamond's Market Cap is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Star Diamond by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Star Diamond's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Star Current Valuation vs. Competition
Star Diamond Corp is rated # 5 in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is currently estimated at about 285.24 Million. Star Diamond holds roughly 21.88 Million in current valuation claiming about 8% of all equities under Materials industry.
Star Market Capitalization vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Star Diamond |
| = | 21.88 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Star Diamond |
| = | 23.05 M |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Star Market Capitalization vs Competition
Star Diamond Corp is rated below average in market capitalization category among its peers. Market capitalization of Materials industry is currently estimated at about 303.09 Million. Star Diamond holds roughly 23.05 Million in market capitalization claiming about 8% of all equities under Materials industry.
Star Diamond Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Star Diamond, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Star Diamond will eventually generate negative long term returns. The profitability progress is the general direction of Star Diamond's change in net profit over the period of time. It can combine multiple indicators of Star Diamond, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 2.3 M | 2.4 M | |
| Operating Income | -4.9 M | -5.2 M | |
| Total Other Income Expense Net | -1.1 M | -1.1 M | |
| Net Loss | -6 M | -6.3 M | |
| Income Tax Expense | 75.2 M | 79 M | |
| Income Before Tax | -6 M | -6.3 M | |
| Interest Income | 161 K | 113.6 K | |
| Net Loss | -6 M | -6.3 M | |
| Net Loss | -6 M | -6.3 M | |
| Net Interest Income | -169 K | -160.6 K | |
| Change To Netincome | -302.4 K | -287.3 K | |
| Net Loss | (0.01) | (0.01) | |
| Income Quality | 0.60 | 0.69 | |
| Net Income Per E B T | 0.83 | 0.65 |
Star Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Star Diamond. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Star Diamond position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Star Diamond's important profitability drivers and their relationship over time.
Use Star Diamond in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Star Diamond position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Star Diamond will appreciate offsetting losses from the drop in the long position's value.Star Diamond Pair Trading
Star Diamond Corp Pair Trading Analysis
The ability to find closely correlated positions to Star Diamond could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Star Diamond when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Star Diamond - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Star Diamond Corp to buy it.
The correlation of Star Diamond is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Star Diamond moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Star Diamond Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Star Diamond can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Star Diamond position
In addition to having Star Diamond in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Broad Sovereign ETFs Thematic Idea Now
Broad Sovereign ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Broad Sovereign ETFs theme has 14 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Broad Sovereign ETFs Theme or any other thematic opportunities.
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Other Information on Investing in Star Stock
To fully project Star Diamond's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Star Diamond Corp at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Star Diamond's income statement, its balance sheet, and the statement of cash flows.