Staar Surgical Stock Market Value
| STAA Stock | USD 41.02 5.63 12.07% |
| Symbol | STAAR |
STAAR Surgical Price To Book Ratio
Is STAAR Surgical's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of STAAR Surgical. If investors know STAAR will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about STAAR Surgical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.221 | Earnings Share 0.31 | Revenue Per Share 6.701 | Quarterly Revenue Growth 0.052 | Return On Assets 0.0338 |
The market value of STAAR Surgical is measured differently than its book value, which is the value of STAAR that is recorded on the company's balance sheet. Investors also form their own opinion of STAAR Surgical's value that differs from its market value or its book value, called intrinsic value, which is STAAR Surgical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because STAAR Surgical's market value can be influenced by many factors that don't directly affect STAAR Surgical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between STAAR Surgical's value and its price as these two are different measures arrived at by different means. Investors typically determine if STAAR Surgical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, STAAR Surgical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
STAAR Surgical '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 STAAR Surgical'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 STAAR Surgical.
| 04/10/2024 |
| 05/10/2024 |
If you would invest 0.00 in STAAR Surgical on April 10, 2024 and sell it all today you would earn a total of 0.00 from holding STAAR Surgical or generate 0.0% return on investment in STAAR Surgical over 30 days. STAAR Surgical is related to or competes with West Pharmaceutical, and Repligen. STAAR Surgical Company, together with its subsidiaries, designs, develops, manufactures, markets, and sells implantable ... More
STAAR Surgical 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 STAAR Surgical'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 STAAR Surgical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.71 | |||
| Information Ratio | 0.1429 | |||
| Maximum Drawdown | 23.65 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 6.97 |
STAAR Surgical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STAAR Surgical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STAAR Surgical's standard deviation. In reality, there are many statistical measures that can use STAAR Surgical historical prices to predict the future STAAR Surgical's volatility.| Risk Adjusted Performance | 0.109 | |||
| Jensen Alpha | 0.7073 | |||
| Total Risk Alpha | 0.1746 | |||
| Sortino Ratio | 0.1615 | |||
| Treynor Ratio | (1.45) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of STAAR Surgical'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.
STAAR Surgical Backtested Returns
STAAR Surgical appears to be not too volatile, given 3 months investment horizon. STAAR Surgical retains Efficiency (Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. By inspecting STAAR Surgical's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please review STAAR Surgical's risk adjusted performance of 0.109, and Downside Deviation of 3.71 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, STAAR Surgical holds a performance score of 10. The entity owns a Beta (Systematic Risk) of -0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning STAAR Surgical are expected to decrease at a much lower rate. During the bear market, STAAR Surgical is likely to outperform the market. Please check STAAR Surgical's maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether STAAR Surgical's current price history will revert.
Auto-correlation | 0.24 |
Weak predictability
STAAR Surgical has weak predictability. Overlapping area represents the amount of predictability between STAAR Surgical time series from 10th of April 2024 to 25th of April 2024 and 25th of April 2024 to 10th 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 STAAR Surgical price movement. The serial correlation of 0.24 indicates that over 24.0% of current STAAR Surgical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 4.51 |
STAAR Surgical lagged returns against current returns
Autocorrelation, which is STAAR Surgical 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 STAAR Surgical's stock expected returns. We can calculate the autocorrelation of STAAR Surgical returns to help us make a trade decision. For example, suppose you find that STAAR Surgical 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 |
STAAR Surgical 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 STAAR Surgical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STAAR Surgical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STAAR Surgical stock over time.
Current vs Lagged Prices |
| Timeline |
STAAR Surgical Lagged Returns
When evaluating STAAR Surgical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STAAR Surgical stock have on its future price. STAAR Surgical 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, STAAR Surgical autocorrelation shows the relationship between STAAR Surgical stock current value and its past values and can show if there is a momentum factor associated with investing in STAAR Surgical.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether STAAR Surgical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of STAAR Surgical's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Staar Surgical Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Staar Surgical Stock:Check out STAAR Surgical Correlation, STAAR Surgical Volatility and STAAR Surgical Alpha and Beta module to complement your research on STAAR Surgical. For information on how to trade STAAR Stock refer to our How to Trade STAAR Stock guide.Note that the STAAR Surgical information on this page should be used as a complementary analysis to other STAAR Surgical's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for STAAR Stock analysis
When running STAAR Surgical's price analysis, check to measure STAAR Surgical'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 STAAR Surgical is operating at the current time. Most of STAAR Surgical's value examination focuses on studying past and present price action to predict the probability of STAAR Surgical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move STAAR Surgical's price. Additionally, you may evaluate how the addition of STAAR Surgical to your portfolios can decrease your overall portfolio volatility.
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STAAR Surgical 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.