Star Diamond Corp Stock Market Value
| DIAM Stock | CAD 0.06 0.00 0.00% |
| Symbol | Star |
Star Diamond Corp Price To Book Ratio
Star Diamond '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 Diamond'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 Diamond.
| 04/20/2025 |
| 07/19/2025 |
If you would invest 0.00 in Star Diamond on April 20, 2025 and sell it all today you would earn a total of 0.00 from holding Star Diamond Corp or generate 0.0% return on investment in Star Diamond over 90 days. Star Diamond is related to or competes with Golden Minerals, Archon Minerals, and St Augustine. Star Diamond Corporation, a natural resource company, engages in the acquisition, exploration, and development of minera... More
Star Diamond 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 Diamond'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 Diamond Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 16.4 | |||
| Information Ratio | 0.0168 | |||
| Maximum Drawdown | 36.67 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Star Diamond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Star Diamond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Star Diamond's standard deviation. In reality, there are many statistical measures that can use Star Diamond historical prices to predict the future Star Diamond's volatility.| Risk Adjusted Performance | 0.0387 | |||
| Jensen Alpha | 0.4707 | |||
| Total Risk Alpha | (1.03) | |||
| Sortino Ratio | 0.0097 | |||
| Treynor Ratio | (0.21) |
Star Diamond Corp Backtested Returns
Star Diamond appears to be out of control, given 3 months investment horizon. Star Diamond Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0288, which indicates the firm had a 0.0288 % return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Star Diamond Corp, which you can use to evaluate the volatility of the company. Please review Star Diamond's Semi Deviation of 6.55, coefficient of variation of 3147.1, and Risk Adjusted Performance of 0.0387 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Star Diamond holds a performance score of 2. The entity has a beta of -1.39, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Star Diamond are expected to decrease by larger amounts. On the other hand, during market turmoil, Star Diamond is expected to outperform it. Please check Star Diamond's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Star Diamond's existing price patterns will revert.
Auto-correlation | 0.03 |
Virtually no predictability
Star Diamond Corp has virtually no predictability. Overlapping area represents the amount of predictability between Star Diamond time series from 20th of April 2025 to 4th of June 2025 and 4th of June 2025 to 19th of July 2025. 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 Diamond Corp price movement. The serial correlation of 0.03 indicates that only 3.0% of current Star Diamond price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Star Diamond Corp lagged returns against current returns
Autocorrelation, which is Star Diamond 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 Diamond's stock expected returns. We can calculate the autocorrelation of Star Diamond returns to help us make a trade decision. For example, suppose you find that Star Diamond 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 Diamond 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 Diamond stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Star Diamond stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Star Diamond stock over time.
Current vs Lagged Prices |
| Timeline |
Star Diamond Lagged Returns
When evaluating Star Diamond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Star Diamond stock have on its future price. Star Diamond 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 Diamond autocorrelation shows the relationship between Star Diamond stock current value and its past values and can show if there is a momentum factor associated with investing in Star Diamond Corp.
Regressed Prices |
| Timeline |
Pair Trading with Star Diamond
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 Diamond 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 Diamond will appreciate offsetting losses from the drop in the long position's value.Moving against Star Stock
The ability to find closely correlated positions to Star Diamond 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 Diamond 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 Diamond - 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 Diamond Corp to buy it.
The correlation of Star Diamond 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 Diamond moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Star Diamond 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 Star Diamond 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.Other Information on Investing in Star Stock
Star Diamond 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 Diamond security.