Starbreeze (Sweden) Market Value
| STAR-A Stock | SEK 0.19 0.01 5.00% |
| Symbol | Starbreeze |
Starbreeze '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 Starbreeze'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 Starbreeze.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Starbreeze on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Starbreeze AB or generate 0.0% return on investment in Starbreeze over 720 days. Starbreeze is related to or competes with SBB-B, Sinch AB, Zaptec AS, and Evolution. Starbreeze AB operates as an independent creator, publisher, and distributor of entertainment products in Sweden, rest o... More
Starbreeze 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 Starbreeze'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 Starbreeze AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 42.33 | |||
| Value At Risk | (12.00) | |||
| Potential Upside | 15.0 |
Starbreeze Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Starbreeze's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Starbreeze's standard deviation. In reality, there are many statistical measures that can use Starbreeze historical prices to predict the future Starbreeze's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.14) |
Starbreeze AB Backtested Returns
Starbreeze AB owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0385, which indicates the firm had a -0.0385% return per unit of risk over the last 3 months. Starbreeze AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Starbreeze's Coefficient Of Variation of (4,099), risk adjusted performance of (0.01), and Variance of 68.25 to confirm the risk estimate we provide. The entity has a beta of 1.48, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Starbreeze will likely underperform. At this point, Starbreeze AB has a negative expected return of -0.32%. Please make sure to validate Starbreeze's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Starbreeze AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.40 |
Average predictability
Starbreeze AB has average predictability. Overlapping area represents the amount of predictability between Starbreeze time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 Starbreeze AB price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Starbreeze price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Starbreeze AB lagged returns against current returns
Autocorrelation, which is Starbreeze 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 Starbreeze's stock expected returns. We can calculate the autocorrelation of Starbreeze returns to help us make a trade decision. For example, suppose you find that Starbreeze 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 |
Starbreeze 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 Starbreeze stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Starbreeze stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Starbreeze stock over time.
Current vs Lagged Prices |
| Timeline |
Starbreeze Lagged Returns
When evaluating Starbreeze's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Starbreeze stock have on its future price. Starbreeze 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, Starbreeze autocorrelation shows the relationship between Starbreeze stock current value and its past values and can show if there is a momentum factor associated with investing in Starbreeze AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Starbreeze Stock
Starbreeze financial ratios help investors to determine whether Starbreeze Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Starbreeze with respect to the benefits of owning Starbreeze security.