Star Petroleum (Thailand) Market Value
| SPRC-R Stock | THB 8.09 0.00 0.00% |
| Symbol | Star |
Star Petroleum '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 Petroleum'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 Petroleum.
| 04/23/2024 |
| 05/23/2024 |
If you would invest 0.00 in Star Petroleum on April 23, 2024 and sell it all today you would earn a total of 0.00 from holding Star Petroleum Refining or generate 0.0% return on investment in Star Petroleum over 30 days. Star Petroleum is related to or competes with Impact Growth, Quality Houses, Prime Office, Thai Metal, Heng Leasing, Steel Public, and Kang Yong. Star Petroleum Refining Public Company Limited engages in the construction and operation of a petroleum refinery in the Rayong Province of Thailand. More
Star Petroleum 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 Petroleum'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 Petroleum Refining upside and downside potential and time the market with a certain degree of confidence.
Star Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Star Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Star Petroleum's standard deviation. In reality, there are many statistical measures that can use Star Petroleum historical prices to predict the future Star Petroleum's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Star Petroleum's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Star Petroleum Refining Backtested Returns
We have found three technical indicators for Star Petroleum Refining, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Star Petroleum are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Star Petroleum Refining has no correlation between past and present. Overlapping area represents the amount of predictability between Star Petroleum time series from 23rd of April 2024 to 8th of May 2024 and 8th of May 2024 to 23rd of May 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 Petroleum Refining price movement. The serial correlation of 0.0 indicates that just 0.0% of current Star Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Star Petroleum Refining lagged returns against current returns
Autocorrelation, which is Star Petroleum 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 Petroleum's stock expected returns. We can calculate the autocorrelation of Star Petroleum returns to help us make a trade decision. For example, suppose you find that Star Petroleum 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 Petroleum 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 Petroleum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Star Petroleum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Star Petroleum stock over time.
Current vs Lagged Prices |
| Timeline |
Star Petroleum Lagged Returns
When evaluating Star Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Star Petroleum stock have on its future price. Star Petroleum 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 Petroleum autocorrelation shows the relationship between Star Petroleum stock current value and its past values and can show if there is a momentum factor associated with investing in Star Petroleum Refining.
Regressed Prices |
| Timeline |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Star Petroleum Refining using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Star Petroleum Correlation, Star Petroleum Volatility and Star Petroleum Alpha and Beta module to complement your research on Star Petroleum. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Star Stock analysis
When running Star Petroleum's price analysis, check to measure Star Petroleum'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 Petroleum is operating at the current time. Most of Star Petroleum's value examination focuses on studying past and present price action to predict the probability of Star Petroleum'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 Petroleum's price. Additionally, you may evaluate how the addition of Star Petroleum to your portfolios can decrease your overall portfolio volatility.
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules |
Star Petroleum technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.