STAR AFRICA (Zimbabwe) Market Value
| SACL Stock | 2.00 0.01 0.50% |
| Symbol | STAR |
STAR AFRICA '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 AFRICA'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 AFRICA.
| 12/11/2024 |
| 01/10/2025 |
If you would invest 0.00 in STAR AFRICA on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding STAR AFRICA PORATION or generate 0.0% return on investment in STAR AFRICA over 30 days.
STAR AFRICA 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 AFRICA'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 AFRICA PORATION upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 27.36 | |||
| Value At Risk | (12.23) | |||
| Potential Upside | 10.63 |
STAR AFRICA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STAR AFRICA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STAR AFRICA's standard deviation. In reality, there are many statistical measures that can use STAR AFRICA historical prices to predict the future STAR AFRICA's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.2412 |
STAR AFRICA PORATION Backtested Returns
At this stage we consider STAR Stock to be dangerous. STAR AFRICA PORATION retains Efficiency (Sharpe Ratio) of 0.0169, which indicates the firm had a 0.0169% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for STAR AFRICA, which you can use to evaluate the volatility of the company. Please validate STAR AFRICA's standard deviation of 6.07, and Risk Adjusted Performance of (0.01) to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. STAR AFRICA has a performance score of 1 on a scale of 0 to 100. The entity owns a Beta (Systematic Risk) of -0.66, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning STAR AFRICA are expected to decrease at a much lower rate. During the bear market, STAR AFRICA is likely to outperform the market. STAR AFRICA PORATION currently owns a risk of 6.1%. Please validate STAR AFRICA PORATION coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if STAR AFRICA PORATION will be following its current price history.
Auto-correlation | -0.32 |
Poor reverse predictability
STAR AFRICA PORATION has poor reverse predictability. Overlapping area represents the amount of predictability between STAR AFRICA time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th 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 AFRICA PORATION price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current STAR AFRICA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
STAR AFRICA PORATION lagged returns against current returns
Autocorrelation, which is STAR AFRICA 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 AFRICA's stock expected returns. We can calculate the autocorrelation of STAR AFRICA returns to help us make a trade decision. For example, suppose you find that STAR AFRICA 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 AFRICA 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 AFRICA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STAR AFRICA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STAR AFRICA stock over time.
Current vs Lagged Prices |
| Timeline |
STAR AFRICA Lagged Returns
When evaluating STAR AFRICA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STAR AFRICA stock have on its future price. STAR AFRICA 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 AFRICA autocorrelation shows the relationship between STAR AFRICA stock current value and its past values and can show if there is a momentum factor associated with investing in STAR AFRICA PORATION.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectAdditional Tools for STAR Stock Analysis
When running STAR AFRICA's price analysis, check to measure STAR AFRICA'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 AFRICA is operating at the current time. Most of STAR AFRICA's value examination focuses on studying past and present price action to predict the probability of STAR AFRICA'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 AFRICA's price. Additionally, you may evaluate how the addition of STAR AFRICA to your portfolios can decrease your overall portfolio volatility.