Star Entertainment (Australia) Market Value
| SGR Stock | 0.20 0.01 5.26% |
| Symbol | Star |
Star Entertainment '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 Entertainment'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 Entertainment.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in Star Entertainment on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding Star Entertainment Group or generate 0.0% return on investment in Star Entertainment over 180 days. Star Entertainment is related to or competes with Havilah Resources, Boss Energy, and Red Hill. More
Star Entertainment 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 Entertainment'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 Entertainment Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 44.44 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 9.52 |
Star Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Star Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Star Entertainment's standard deviation. In reality, there are many statistical measures that can use Star Entertainment historical prices to predict the future Star Entertainment's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.89) | |||
| Total Risk Alpha | (1.10) | |||
| Treynor Ratio | (2.55) |
Star Entertainment Backtested Returns
Star Entertainment owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. Star Entertainment Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Star Entertainment's Variance of 58.23, coefficient of variation of (872.59), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity has a beta of 0.35, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Star Entertainment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Star Entertainment is expected to be smaller as well. At this point, Star Entertainment has a negative expected return of -0.53%. Please make sure to validate Star Entertainment's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Star Entertainment performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.48 |
Average predictability
Star Entertainment Group has average predictability. Overlapping area represents the amount of predictability between Star Entertainment time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th of December 2024. 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 Entertainment price movement. The serial correlation of 0.48 indicates that about 48.0% of current Star Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Star Entertainment lagged returns against current returns
Autocorrelation, which is Star Entertainment 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 Entertainment's stock expected returns. We can calculate the autocorrelation of Star Entertainment returns to help us make a trade decision. For example, suppose you find that Star Entertainment 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 Entertainment 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 Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Star Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Star Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Star Entertainment Lagged Returns
When evaluating Star Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Star Entertainment stock have on its future price. Star Entertainment 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 Entertainment autocorrelation shows the relationship between Star Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Star Entertainment Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Star Stock Analysis
When running Star Entertainment's price analysis, check to measure Star Entertainment'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 Entertainment is operating at the current time. Most of Star Entertainment's value examination focuses on studying past and present price action to predict the probability of Star Entertainment'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 Entertainment's price. Additionally, you may evaluate how the addition of Star Entertainment to your portfolios can decrease your overall portfolio volatility.