Star Minerals (Australia) Market Value
| SMS Stock | 0.04 0 2.86% |
| Symbol | Star |
Star Minerals '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 Minerals' 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 Minerals.
| 10/21/2024 |
| 01/19/2025 |
If you would invest 0.00 in Star Minerals on October 21, 2024 and sell it all today you would earn a total of 0.00 from holding Star Minerals or generate 0.0% return on investment in Star Minerals over 90 days. Star Minerals is related to or competes with Treasury Wine, EROAD, Perseus Mining, Ainsworth Game, Duxton Broadacre, and Aurelia Metals. More
Star Minerals 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 Minerals' 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 Minerals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 19.95 | |||
| Value At Risk | (7.50) | |||
| Potential Upside | 5.41 |
Star Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Star Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Star Minerals' standard deviation. In reality, there are many statistical measures that can use Star Minerals historical prices to predict the future Star Minerals' volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.63) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | 0.7388 |
Star Minerals Backtested Returns
Star Minerals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15 % return per unit of risk over the last 3 months. Star Minerals exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Star Minerals' Variance of 17.22, risk adjusted performance of (0.12), and Coefficient Of Variation of (649.86) to confirm the risk estimate we provide. The entity has a beta of -0.88, which indicates possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Star Minerals are expected to decrease slowly. On the other hand, during market turmoil, Star Minerals is expected to outperform it slightly. At this point, Star Minerals has a negative expected return of -0.64%. Please make sure to validate Star Minerals' coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Star Minerals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Star Minerals has good predictability. Overlapping area represents the amount of predictability between Star Minerals time series from 21st of October 2024 to 5th of December 2024 and 5th of December 2024 to 19th 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 Minerals price movement. The serial correlation of 0.73 indicates that around 73.0% of current Star Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Star Minerals lagged returns against current returns
Autocorrelation, which is Star Minerals 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 Minerals' stock expected returns. We can calculate the autocorrelation of Star Minerals returns to help us make a trade decision. For example, suppose you find that Star Minerals 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 Minerals 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 Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Star Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Star Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Star Minerals Lagged Returns
When evaluating Star Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Star Minerals stock have on its future price. Star Minerals 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 Minerals autocorrelation shows the relationship between Star Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Star Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Star Stock Analysis
When running Star Minerals' price analysis, check to measure Star Minerals' 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 Minerals is operating at the current time. Most of Star Minerals' value examination focuses on studying past and present price action to predict the probability of Star Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Star Minerals' price. Additionally, you may evaluate how the addition of Star Minerals to your portfolios can decrease your overall portfolio volatility.