Star Return On Equity from 2010 to 2026
| DIAM Stock | CAD 0.04 0.01 12.50% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter (1.33) | Current Value (1.40) | Quarterly Volatility 7.82128126 |
Check Star Diamond financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Star Diamond's main balance sheet or income statement drivers, such as Interest Expense of 19.3 K, Selling General Administrative of 3.8 M or Total Revenue of 31.6 K, as well as many indicators such as Price To Sales Ratio of 977, Dividend Yield of 8.0E-4 or PTB Ratio of 2.39. Star financial statements analysis is a perfect complement when working with Star Diamond Valuation or Volatility modules.
Star | Return On Equity |
Latest Star Diamond's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of Star Diamond Corp over the last few years. Return on Equity is the amount of Star Diamond Corp net income returned as a percentage of Star Diamond equity. Return on equity measures Star Diamond profitability by revealing how much profit Star Diamond Corp generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Star Diamond's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Star Diamond's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported -0.81 | 10 Years Trend |
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Return On Equity |
| Timeline |
Star Return On Equity Regression Statistics
| Arithmetic Mean | (3.82) | |
| Geometric Mean | 0.80 | |
| Coefficient Of Variation | (204.61) | |
| Mean Deviation | 5.19 | |
| Median | (0.96) | |
| Standard Deviation | 7.82 | |
| Sample Variance | 61.17 | |
| Range | 29.8164 | |
| R-Value | (0.20) | |
| Mean Square Error | 62.61 | |
| R-Squared | 0.04 | |
| Significance | 0.44 | |
| Slope | (0.31) | |
| Total Sum of Squares | 978.76 |
Star Return On Equity History
About Star Diamond Financial Statements
Star Diamond investors utilize fundamental indicators, such as Return On Equity, to predict how Star Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Return On Equity | (1.33) | (1.40) |
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.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.