Shareholder Report | 12 Months Ended |
Aug. 31, 2024 USD ($) Holdings |
Shareholder Report [Line Items] | |
Document Type | N-CSR/A |
Amendment Flag | true |
Amendment Description | Amendment |
Registrant Name | Starboard Investment Trust |
Entity Central Index Key | 0001464413 |
Entity Investment Company Type | N-1A |
Document Period End Date | Aug. 31, 2024 |
Roumell Opportunistic Value Fund (Institutional Class) | |
Shareholder Report [Line Items] | |
Fund Name | Roumell Opportunistic Value Fund |
Class Name | Institutional Class |
Trading Symbol | RAMSX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.roumellfund.com (800) 773-3863 |
Additional Information Phone Number | (800) 773-3863 |
Additional Information Website | https://www.roumellfund.com |
Expenses [Text Block] | What were the Fund costs for the past year? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment RAMSX $123.72 1.23% |
Expenses Paid, Amount | $ 123.72 |
Expense Ratio, Percent | 1.23% |
Factors Affecting Performance [Text Block] | How did the Fund perform last year and what affected its performance? For the twelve months ended August 31, 2024, the Fund returned 5.01%. The Fund underperformed the S&P 500 Index, which returned 22.15%, and the blended 60% Russell 2000/40% Bloomberg US Government/Credit Bond Index, which returned 11.78%. The Fund seeks to find value through out of favor, overlooked, or misunderstood securities. What Factors Influenced Performance During the period, inflation concerns eased and the stock market began anticipating Fed interest rate cuts. In addition, artificial intelligence led to a surge in large cap tech stocks (such as Google’s parent Alphabet, Amazon, Apple, Meta Platforms, Microsoft and Nvidia). This surge drove the performance of the S&P 500 Index. The Advisor, as an opportunistic capital allocator with a deep-value bias in selecting individual securities, did not select securities that participated in this run. The Fund also held an average of nearly 25% cash and cash equivalents, which caused a drag on performance. Top Contributors to Performance: Dundee Precious Metals Inc. increased approximately 50% in value and represented 9.1% of the Fund’s portfolio as of August 31, 2024. Liberty Energy Inc. increased approximately 29% in value and represented 8.7% of the Fund’s portfolio as of August 31, 2024. Top Detractors from Performance: The Fund’s position in Quantum Corp. was fully liquidated, which resulted in a loss of approximately 55% from the beginning of this fiscal year. The Fund’s position in Collplant Biotechnologies Ltd. was fully liquidated, which resulted in a loss of approximately 25% from the beginning of this fiscal year. |
Performance Past Does Not Indicate Future [Text] | The Fund's past performance is not a good predictor of the Fund's future performance. |
Line Graph [Table Text Block] | Cumulative Performance From August 31, 2014 through August 31, 2024 Initial Investment of $10,000 Date Roumell Opportunistic Value Fund ($12,783) S&P 500 Total Return Index ($33,885) Russell 2000 Value Index ($20,533) Bloomberg Capital U.S. Government/Credit Bond Index ($11,909) Benchmark of 60% Russell 2000 Value Index and 40% Bloomberg Capital U.S. Government/Credit Bond Index ($17,079) 8/31/14 10000 10000 10000 10000 10000 8/31/15 8080 10049 9501 10109 9742 8/31/16 8306 11310 10812 10797 10803 8/31/17 9825 13146 12268 10837 11693 8/31/18 10869 15731 14728 10699 13113 8/31/19 10531 16191 12534 11921 12286 8/31/20 11094 19742 11765 12788 12171 8/31/21 18240 25895 18764 12774 16363 8/31/22 10998 22988 16853 11206 14590 8/31/23 12173 26653 17219 11109 14771 8/31/24 12783 33885 20533 11909 17079 |
Average Annual Return [Table Text Block] | Average Annual Total Returns 1 year 5 year 10 year RAMSX 5.01% 3.95% 2.48% S&P 500 Total Return Index 27.14% 15.92% 12.98% Russell 2000 Value Index 19.25% 10.38% 7.46% Bloomberg Capital U.S. Government/Credit Bond Index 7.21% -0.02% 1.76% Benchmark of 60% Russell 2000 Value Index and 40% Bloomberg Capital U.S. Government/Credit Bond Index 14.83% 7.19% 5.88% |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Net Assets | $ 55,250,920 |
Holdings Count | Holdings | 16 |
Advisory Fees Paid, Amount | $ 620,150 |
Investment Company, Portfolio Turnover | 35.62% |
Additional Fund Statistics [Text Block] | Key Fund Statistics (as of August 31, 2024 ) Fund Size $55,250,920 Number of Holdings 16 Net Advisory Fee $620,150 Annual Portfolio Turnover 35.62% |
Holdings [Text Block] | What did the Fund invest in? (as of August 31, 2024 ) Sector Breakdown (% of net assets) Sector % Communications 16.1% Energy 14.1% Consumer Discretionary 10.90% Real Estate 10.7% United States Treasury Bills 9.9% Materials 9.1% Technology 8.6% Closed-End Funds 6.3% Industrials 3.9% Private Investments 0.3% Other 10.1% |
Largest Holdings [Text Block] | Top Ten Holdings (% of net assets) United States Treasury Bill, 0.000%, 10/3/24 9.91% Dundee Precious Metals Inc 9.06% Liberty Energy Inc 8.70% Olo Inc 8.63% Liquidity Services Inc 8.21% Magnite Inc 8.18% Opera Ltd 7.88% Kite Realty Group Trust 5.99% Patterson-UTI Energy Inc 5.41% Whitestone REIT 4.67% |
Accountant Change Statement [Text Block] | Changes in and Disagreements with Accountants In January 2024, Cohen & Company, Ltd. (“Cohen”) was dismissed as the independent registered public accounting firm for the Fund and in March 2024, Tait, Weller & Baker, LLP (“Tait Weller”) was appointed. During the fiscal year ended August 31, 2023 and for the interim period ended January 30, 2024, there were no disagreements with Cohen on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which, if not resolved to the satisfaction of Cohen, would have caused it to make a reference in connection with its opinion to the subject matter of the disagreement. |