Starlight Energy Beta vs. Z Score
| SAEC Stock | USD 0.05 0.00 0.00% |
For Starlight Energy profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Starlight Energy to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Starlight Energy Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Starlight Energy's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Starlight Energy Corp over time as well as its relative position and ranking within its peers.
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Starlight Energy Corp Z Score vs. Beta Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Starlight Energy's current stock value. Our valuation model uses many indicators to compare Starlight Energy value to that of its competitors to determine the firm's financial worth. Starlight Energy Corp is currently regarded as top stock in beta category among its peers. It also is currently regarded as top stock in z score category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Starlight Energy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Starlight Energy's Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Starlight Z Score vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Starlight Energy |
| = | 11.16 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Starlight Energy |
| = | -42.0 |
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Starlight Energy will likely underperform.
Starlight Energy Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Starlight Energy, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Starlight Energy will eventually generate negative long term returns. The profitability progress is the general direction of Starlight Energy's change in net profit over the period of time. It can combine multiple indicators of Starlight Energy, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Starlight Energy Corporation operates as a technology-driven oil and gas production company in the United States. The company was incorporated in 1997 and is based in Littleton, Colorado. STARLIGHT ENERGY operates under Oil Gas EP classification in the United States and is traded on PNK Exchange.
Starlight Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Starlight Energy. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Starlight Energy position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Starlight Energy's important profitability drivers and their relationship over time.
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Use Starlight Energy in pair-trading
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 Starlight Energy 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 Starlight Energy will appreciate offsetting losses from the drop in the long position's value.Starlight Energy Pair Trading
Starlight Energy Corp Pair Trading Analysis
The ability to find closely correlated positions to Starlight Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Starlight Energy 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 Starlight Energy - 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 Starlight Energy Corp to buy it.
The correlation of Starlight Energy 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 Starlight Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Starlight Energy Corp 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 Starlight Energy 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.Use Investing Themes to Complement your Starlight Energy position
In addition to having Starlight Energy in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Healthcare Funds Thematic Idea Now
Healthcare Funds
Funds or Etfs investing in medical and healthcare goods or services as well as hospital management or maintenance organizations. The Healthcare Funds theme has 33 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Healthcare Funds Theme or any other thematic opportunities.
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Other Information on Investing in Starlight Pink Sheet
To fully project Starlight Energy's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Starlight Energy Corp at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Starlight Energy's income statement, its balance sheet, and the statement of cash flows.