Star8 Corp Stock Volatility
| STRH Stock | USD 0 0.0004 20.00% |
Star8 Corp appears to be out of control, given 3 months investment horizon. Star8 Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0256, which indicates the firm had a 0.0256 % return per unit of risk over the last 3 months. By inspecting Star8 Corp's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please review Star8 Corp's Coefficient Of Variation of 6661.72, semi deviation of 16.46, and Risk Adjusted Performance of 0.021 to confirm if our risk estimates are consistent with your expectations.
Sharpe Ratio = 0.0256
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Based on monthly moving average Star8 Corp is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Star8 Corp by adding it to a well-diversified portfolio.
Key indicators related to Star8 Corp's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Star8 Corp Pink Sheet volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Star8 daily returns, and it is calculated using variance and standard deviation. We also use Star8's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Star8 Corp volatility.
Star8 |
Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Star8 Corp at lower prices. For example, an investor can purchase Star8 stock that has halved in price over a short period. This will lower their average cost per share, thereby improving the overall portfolio performance when market normalizes. Main indicators related to Star8 Corp's market risk premium analysis include:
Beta 4.94 | Alpha 0.17 | Risk 23.97 | Sharpe Ratio 0.0256 | Expected Return 0.61 |
Moving together with Star8 Pink Sheet
Moving against Star8 Pink Sheet
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| 0.54 | CSCO | Cisco Systems Earnings Call This Week | PairCorr |
Star8 Corp Market Sensitivity And Downside Risk
Star8 Corp's beta coefficient measures the volatility of Star8 pink sheet compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Star8 pink sheet's returns against your selected market. In other words, Star8 Corp's beta of 4.94 provides an investor with an approximation of how much risk Star8 Corp pink sheet can potentially add to one of your existing portfolios. Star8 Corp is showing large volatility of returns over the selected time horizon. Star8 Corp is a penny stock. Even though Star8 Corp may be a good instrument to invest, many penny pink sheets are speculative instruments that are subject to artificial stock promotions. Please make sure you fully understand upside and downside scenarios of investing in Star8 Corp or similar risky assets. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings,sudden promotions and many other similar artificial hype indicators. We also encourage traders to check work history of company executives before investing in high-volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Star8 instrument if you perfectly time your entry and exit. However, remember that penny pink sheets that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
3 Months Beta |Analyze Star8 Corp Demand TrendCheck current 90 days Star8 Corp correlation with market (Dow Jones Industrial)Star8 Corp Volatility and Downside Risk
Star8 standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Star8 Corp Pink Sheet Volatility Analysis
Volatility refers to the frequency at which Star8 Corp pink sheet price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Star8 Corp's price changes. Investors will then calculate the volatility of Star8 Corp's pink sheet to predict their future moves. A pink sheet that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A pink sheet with relatively stable price changes has low volatility. A highly volatile pink sheet is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Star8 Corp's volatility:
Historical Volatility
This type of pink sheet volatility measures Star8 Corp's fluctuations based on previous trends. It's commonly used to predict Star8 Corp's future behavior based on its past. However, it cannot conclusively determine the future direction of the pink sheet.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Star8 Corp's current market price. This means that the pink sheet will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Star8 Corp's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Star8 Corp Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Star8 Corp Projected Return Density Against Market
Given the investment horizon of 90 days the pink sheet has the beta coefficient of 4.9432 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Star8 Corp will likely underperform.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Star8 Corp or Technology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Star8 Corp's price will be affected by overall pink sheet market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Star8 pink sheet's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Predicted Return Density |
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What Drives a Star8 Corp Price Volatility?
Several factors can influence a pink sheet's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract investor attention to the company. This positive attention may impact the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Star8 Corp Pink Sheet Risk Measures
Given the investment horizon of 90 days the coefficient of variation of Star8 Corp is 3907.23. The daily returns are distributed with a variance of 574.48 and standard deviation of 23.97. The mean deviation of Star8 Corp is currently at 16.0. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.75
α | Alpha over Dow Jones | 0.17 | |
β | Beta against Dow Jones | 4.94 | |
σ | Overall volatility | 23.97 | |
Ir | Information ratio | 0.01 |
Star8 Corp Pink Sheet Return Volatility
Star8 Corp historical daily return volatility represents how much of Star8 Corp pink sheet's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The firm inherits 23.9684% risk (volatility on return distribution) over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7652% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Star8 Pink Sheet performing well and Star8 Corp Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Star8 Corp's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IZNN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TGHI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IENT | 19.26 | 4.85 | 0.10 | 1.68 | 17.70 | 48.15 | 473.00 | |||
| ONCI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ALYI | 5.32 | 0.85 | 0.09 | (0.90) | 5.71 | 13.64 | 30.20 | |||
| VHAI | 11.85 | 2.28 | 0.00 | (4.36) | 0.00 | 100.00 | 150.00 | |||
| IGEN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VSST | 31.11 | 14.58 | 0.74 | (0.63) | 7.52 | 16.67 | 1,056 | |||
| LQAVF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
About Star8 Corp Volatility
Volatility is a rate at which the price of Star8 Corp or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Star8 Corp may increase or decrease. In other words, similar to Star8's beta indicator, it measures the risk of Star8 Corp and helps estimate the fluctuations that may happen in a short period of time. So if prices of Star8 Corp fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.Star8 Corporation, a development stage company, provides mobile smart phones and related accessories. Star8 Corporation was founded in 1987 and is headquartered in Tsimshatsui, Hong Kong. Immunis Corp is traded on OTC Exchange in the United States.
Star8 Corp's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Star8 Pink Sheet over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Star8 Corp's price varies over time.
3 ways to utilize Star8 Corp's volatility to invest better
Higher Star8 Corp's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Star8 Corp stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Star8 Corp stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Star8 Corp investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Star8 Corp's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Star8 Corp's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Star8 Corp Investment Opportunity
Star8 Corp has a volatility of 23.97 and is 31.13 times more volatile than Dow Jones Industrial. 96 percent of all equities and portfolios are less risky than Star8 Corp. You can use Star8 Corp to protect your portfolios against small market fluctuations. The pink sheet experiences a very speculative downward sentiment. The market maybe over-reacting. Check odds of Star8 Corp to be traded at $0.0015 in 90 days.Excellent diversification
The correlation between Star8 Corp and DJI is -0.67 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Star8 Corp and DJI in the same portfolio, assuming nothing else is changed.
Star8 Corp Additional Risk Indicators
The analysis of Star8 Corp's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Star8 Corp's investment and either accepting that risk or mitigating it. Along with some common measures of Star8 Corp pink sheet's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.021 | |||
| Market Risk Adjusted Performance | 0.0786 | |||
| Mean Deviation | 15.63 | |||
| Semi Deviation | 16.46 | |||
| Downside Deviation | 20.52 | |||
| Coefficient Of Variation | 6661.72 | |||
| Standard Deviation | 23.26 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential pink sheets, we recommend comparing similar pink sheets with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Star8 Corp Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Star8 Corp as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Star8 Corp's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Star8 Corp's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Star8 Corp.
Complementary Tools for Star8 Pink Sheet analysis
When running Star8 Corp's price analysis, check to measure Star8 Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Star8 Corp is operating at the current time. Most of Star8 Corp's value examination focuses on studying past and present price action to predict the probability of Star8 Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Star8 Corp's price. Additionally, you may evaluate how the addition of Star8 Corp to your portfolios can decrease your overall portfolio volatility.
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