STAR AFRICA (Zimbabwe) Market Value
| SACL Stock | 2.20 0.00 0.00% |
| Symbol | STAR |
STAR AFRICA '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 AFRICA'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 AFRICA.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in STAR AFRICA on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding STAR AFRICA PORATION or generate 0.0% return on investment in STAR AFRICA over 720 days.
STAR AFRICA 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 AFRICA'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 AFRICA PORATION upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.42 | |||
| Information Ratio | 0.0764 | |||
| Maximum Drawdown | 57.58 | |||
| Value At Risk | (12.08) | |||
| Potential Upside | 14.35 |
STAR AFRICA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STAR AFRICA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STAR AFRICA's standard deviation. In reality, there are many statistical measures that can use STAR AFRICA historical prices to predict the future STAR AFRICA's volatility.| Risk Adjusted Performance | 0.075 | |||
| Jensen Alpha | 0.6116 | |||
| Total Risk Alpha | 0.2177 | |||
| Sortino Ratio | 0.0947 | |||
| Treynor Ratio | 0.7208 |
STAR AFRICA PORATION Backtested Returns
STAR AFRICA appears to be extremely dangerous, given 3 months investment horizon. STAR AFRICA PORATION retains Efficiency (Sharpe Ratio) of 0.0894, which indicates the firm had a 0.0894% return per unit of risk over the last 3 months. By inspecting STAR AFRICA's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please review STAR AFRICA's downside deviation of 6.42, and Risk Adjusted Performance of 0.075 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, STAR AFRICA holds a performance score of 7. The entity owns a Beta (Systematic Risk) of 0.9, which indicates possible diversification benefits within a given portfolio. STAR AFRICA returns are very sensitive to returns on the market. As the market goes up or down, STAR AFRICA is expected to follow. Please check STAR AFRICA's semi deviation, variance, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether STAR AFRICA's current price history will revert.
Auto-correlation | 0.39 |
Below average predictability
STAR AFRICA PORATION has below average predictability. Overlapping area represents the amount of predictability between STAR AFRICA time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 2024 to 27th 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 AFRICA PORATION price movement. The serial correlation of 0.39 indicates that just about 39.0% of current STAR AFRICA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 291.8 K |
STAR AFRICA PORATION lagged returns against current returns
Autocorrelation, which is STAR AFRICA 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 AFRICA's stock expected returns. We can calculate the autocorrelation of STAR AFRICA returns to help us make a trade decision. For example, suppose you find that STAR AFRICA 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 AFRICA 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 AFRICA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STAR AFRICA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STAR AFRICA stock over time.
Current vs Lagged Prices |
| Timeline |
STAR AFRICA Lagged Returns
When evaluating STAR AFRICA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STAR AFRICA stock have on its future price. STAR AFRICA 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 AFRICA autocorrelation shows the relationship between STAR AFRICA stock current value and its past values and can show if there is a momentum factor associated with investing in STAR AFRICA PORATION.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectAdditional Tools for STAR Stock Analysis
When running STAR AFRICA's price analysis, check to measure STAR AFRICA'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 AFRICA is operating at the current time. Most of STAR AFRICA's value examination focuses on studying past and present price action to predict the probability of STAR AFRICA'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 AFRICA's price. Additionally, you may evaluate how the addition of STAR AFRICA to your portfolios can decrease your overall portfolio volatility.