Star Media (Malaysia) Market Value
| 6084 Stock | 0.41 0.01 2.50% |
| Symbol | Star |
Star Media '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 Media'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 Media.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Star Media on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Star Media Group or generate 0.0% return on investment in Star Media over 30 days. Star Media is related to or competes with Press Metal, Al Aqar, KPJ Healthcare, Hong Leong, Aeon Credit, and Sports Toto. More
Star Media 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 Media'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 Media Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 7.44 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 2.5 |
Star Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Star Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Star Media's standard deviation. In reality, there are many statistical measures that can use Star Media historical prices to predict the future Star Media's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.61) |
Star Media Group Backtested Returns
Star Media Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0717, which indicates the firm had a -0.0717% return per unit of risk over the last 3 months. Star Media Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Star Media's Risk Adjusted Performance of (0.03), variance of 3.28, and Coefficient Of Variation of (1,995) to confirm the risk estimate we provide. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Star Media's returns are expected to increase less than the market. However, during the bear market, the loss of holding Star Media is expected to be smaller as well. At this point, Star Media Group has a negative expected return of -0.13%. Please make sure to validate Star Media's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Star Media Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Star Media Group has good predictability. Overlapping area represents the amount of predictability between Star Media time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Media Group price movement. The serial correlation of 0.67 indicates that around 67.0% of current Star Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Star Media Group lagged returns against current returns
Autocorrelation, which is Star Media 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 Media's stock expected returns. We can calculate the autocorrelation of Star Media returns to help us make a trade decision. For example, suppose you find that Star Media 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 Media 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 Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Star Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Star Media stock over time.
Current vs Lagged Prices |
| Timeline |
Star Media Lagged Returns
When evaluating Star Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Star Media stock have on its future price. Star Media 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 Media autocorrelation shows the relationship between Star Media stock current value and its past values and can show if there is a momentum factor associated with investing in Star Media Group.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Star Stock
Star Media financial ratios help investors to determine whether Star 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 Star with respect to the benefits of owning Star Media security.