Star Equity Holdings Preferred Stock Market Value
| STRRP Preferred Stock | USD 9.42 0.25 2.73% |
| Symbol | Star |
Star Equity '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 Equity's preferred 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 Equity.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Star Equity on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Star Equity Holdings or generate 0.0% return on investment in Star Equity over 30 days. Star Equity is related to or competes with Star Equity, XOMA Corp, Fundamental Global, and Fortress Biotech. Star Equity Holdings, Inc. provides healthcare solutions in the United States and internationally More
Star Equity 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 Equity's preferred 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 Equity Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 14.03 | |||
| Value At Risk | (2.79) | |||
| Potential Upside | 2.41 |
Star Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Star Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Star Equity's standard deviation. In reality, there are many statistical measures that can use Star Equity historical prices to predict the future Star Equity's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.88) |
Star Equity Holdings Backtested Returns
Star Equity Holdings owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.012, which indicates the firm had a -0.012% return per unit of risk over the last 3 months. Star Equity Holdings exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Star Equity's Coefficient Of Variation of (3,253), risk adjusted performance of (0.02), and Variance of 3.32 to confirm the risk estimate we provide. The entity has a beta of 0.0749, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Star Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Star Equity is expected to be smaller as well. At this point, Star Equity Holdings has a negative expected return of -0.0217%. Please make sure to validate Star Equity's mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and rate of daily change , to decide if Star Equity Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.54 |
Good reverse predictability
Star Equity Holdings has good reverse predictability. Overlapping area represents the amount of predictability between Star Equity time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Equity Holdings price movement. The serial correlation of -0.54 indicates that about 54.0% of current Star Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Star Equity Holdings lagged returns against current returns
Autocorrelation, which is Star Equity preferred 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 Equity's preferred stock expected returns. We can calculate the autocorrelation of Star Equity returns to help us make a trade decision. For example, suppose you find that Star Equity has exhibited high autocorrelation historically, and you observe that the preferred 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 Equity 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 Equity preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Star Equity preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Star Equity preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Star Equity Lagged Returns
When evaluating Star Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Star Equity preferred stock have on its future price. Star Equity 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 Equity autocorrelation shows the relationship between Star Equity preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Star Equity Holdings.
Regressed Prices |
| Timeline |
Pair Trading with Star Equity
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Star Equity position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Star Equity will appreciate offsetting losses from the drop in the long position's value.Moving against Star Preferred Stock
| 0.53 | YCBD-PA | cbdMD Inc | PairCorr |
| 0.47 | VAXX | Vaxxinity | PairCorr |
| 0.45 | EPRX | Eupraxia Pharmaceuticals | PairCorr |
| 0.44 | ELTP | Elite Pharma | PairCorr |
The ability to find closely correlated positions to Star Equity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Star Equity when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Star Equity - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Star Equity Holdings to buy it.
The correlation of Star Equity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Star Equity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Star Equity Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Star Equity can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Star Preferred Stock Analysis
When running Star Equity's price analysis, check to measure Star Equity'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 Equity is operating at the current time. Most of Star Equity's value examination focuses on studying past and present price action to predict the probability of Star Equity'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 Equity's price. Additionally, you may evaluate how the addition of Star Equity to your portfolios can decrease your overall portfolio volatility.