Star Entertainment Correlations
| SGR Stock | 0.20 0.01 5.26% |
The current 90-days correlation between Star Entertainment and Australian Agricultural is 0.24 (i.e., Modest diversification). The correlation of Star Entertainment 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Star Entertainment Correlation With Market
Significant diversification
The correlation between Star Entertainment Group and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Star Entertainment Group and DJI in the same portfolio, assuming nothing else is changed.
Star |
The ability to find closely correlated positions to Star Entertainment 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 Entertainment 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 Entertainment - 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 Entertainment Group to buy it.
Moving together with Star Stock
Moving against Star Stock
| 0.75 | HUB | Hub24 | PairCorr |
| 0.74 | CBA | Commonwealth Bank | PairCorr |
| 0.72 | TLX | Telix Pharmaceuticals | PairCorr |
| 0.69 | AIQ | Alternative Investment | PairCorr |
| 0.67 | BEN | Bendigo And Adelaide | PairCorr |
| 0.64 | GDF | Garda Diversified Ppty | PairCorr |
| 0.6 | HOR | Horseshoe Metals | PairCorr |
| 0.56 | GMD | Genesis Minerals | PairCorr |
| 0.56 | SVW | SEVEN GROUP HOLDINGS | PairCorr |
| 0.54 | BPT | Beach Energy | PairCorr |
| 0.45 | BSA | BSA | PairCorr |
| 0.38 | CCR | Credit Clear | PairCorr |
| 0.31 | REG | Regis Healthcare | PairCorr |
| 0.74 | IDA | Indiana Resources | PairCorr |
| 0.72 | PBH | Pointsbet Holdings | PairCorr |
| 0.72 | SHO | SportsHero | PairCorr |
| 0.71 | HSN | Hansen Technologies | PairCorr |
| 0.71 | AME | Alto Metals | PairCorr |
| 0.69 | JBH | JB Hi Fi | PairCorr |
| 0.69 | FSI | Flagship Investments | PairCorr |
| 0.68 | IMR | Imricor Medical Systems | PairCorr |
| 0.63 | SUN | Suncorp Group | PairCorr |
| 0.62 | WBCPJ | Westpac Banking | PairCorr |
| 0.59 | AHF | Australian Dairy Farms | PairCorr |
| 0.58 | BIS | Bisalloy Steel Group | PairCorr |
| 0.57 | ABA | Auswide Bank | PairCorr |
| 0.57 | AVA | Ava Risk Group | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Star Stock performing well and Star Entertainment 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 Star Entertainment'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| QBE | 1.01 | 0.26 | 0.20 | 3.09 | 0.95 | 2.49 | 7.48 | |||
| MBLPD | 0.35 | 0.02 | 0.00 | 1.18 | 0.51 | 0.93 | 3.10 | |||
| AAC | 0.87 | (0.01) | (0.02) | (0.01) | 1.07 | 1.48 | 6.43 | |||
| HPP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GLH | 1.09 | 0.02 | 0.00 | 0.08 | 0.00 | 7.14 | 19.64 | |||
| SHL | 0.91 | 0.06 | 0.05 | 0.43 | 0.80 | 2.02 | 8.34 | |||
| BTC | 2.09 | 0.30 | 0.04 | (0.66) | 2.94 | 8.45 | 21.14 | |||
| AHC | 1.52 | 0.13 | 0.02 | 0.46 | 1.86 | 4.17 | 11.41 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Star Entertainment without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Star Entertainment Corporate Management
Elected by the shareholders, the Star Entertainment's board of directors comprises two types of representatives: Star Entertainment inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Star. The board's role is to monitor Star Entertainment's management team and ensure that shareholders' interests are well served. Star Entertainment's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Star Entertainment's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Neil Carabine | Interim Officer | Profile | |
| John Chong | Pres Marketing | Profile | |
| Neale OConnell | Interim Officer | Profile | |
| Laurent Fresnel | Group Officer | Profile | |
| Janelle Campbell | Chief Sydney | Profile | |
| Peter Jenkins | Gen Communications | Profile |