Star Combo (Australia) Market Value
| S66 Stock | 0.15 0.01 7.14% |
| Symbol | Star |
Star Combo '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 Star Combo's 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 Star Combo.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Star Combo on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Star Combo Pharma or generate 0.0% return on investment in Star Combo over 30 days. Star Combo is related to or competes with Charter Hall, Southern Cross, Retail Food, ARN Media, Star Entertainment, and Super Retail. Star Combo is entity of Australia. It is traded as Stock on AU exchange. More
Star Combo 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 Star Combo's 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 Star Combo Pharma upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.19 | |||
| Information Ratio | 0.0204 | |||
| Maximum Drawdown | 29.67 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 8.33 |
Star Combo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Star Combo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Star Combo's standard deviation. In reality, there are many statistical measures that can use Star Combo historical prices to predict the future Star Combo's volatility.| Risk Adjusted Performance | 0.0286 | |||
| Jensen Alpha | 0.117 | |||
| Total Risk Alpha | 0.0378 | |||
| Sortino Ratio | 0.0076 | |||
| Treynor Ratio | (0.31) |
Star Combo Pharma Backtested Returns
Star Combo appears to be out of control, given 3 months investment horizon. Star Combo Pharma owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0472, which indicates the firm had a 0.0472% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Star Combo Pharma, which you can use to evaluate the volatility of the company. Please review Star Combo's Coefficient Of Variation of 4013.79, semi deviation of 3.93, and Risk Adjusted Performance of 0.0286 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Star Combo holds a performance score of 3. The entity has a beta of -0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Star Combo are expected to decrease at a much lower rate. During the bear market, Star Combo is likely to outperform the market. Please check Star Combo's coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to make a quick decision on whether Star Combo's existing price patterns will revert.
Auto-correlation | 0.58 |
Modest predictability
Star Combo Pharma has modest predictability. Overlapping area represents the amount of predictability between Star Combo time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Star Combo Pharma price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Star Combo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Star Combo Pharma lagged returns against current returns
Autocorrelation, which is Star Combo 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 Star Combo's stock expected returns. We can calculate the autocorrelation of Star Combo returns to help us make a trade decision. For example, suppose you find that Star Combo has exhibited high autocorrelation historically, and you observe that the 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 |
Star Combo 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 Star Combo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Star Combo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Star Combo stock over time.
Current vs Lagged Prices |
| Timeline |
Star Combo Lagged Returns
When evaluating Star Combo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Star Combo stock have on its future price. Star Combo 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, Star Combo autocorrelation shows the relationship between Star Combo stock current value and its past values and can show if there is a momentum factor associated with investing in Star Combo Pharma.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Star Stock Analysis
When running Star Combo's price analysis, check to measure Star Combo'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 Star Combo is operating at the current time. Most of Star Combo's value examination focuses on studying past and present price action to predict the probability of Star Combo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Star Combo's price. Additionally, you may evaluate how the addition of Star Combo to your portfolios can decrease your overall portfolio volatility.