African Media (South Africa) Market Value
| AME Stock | 4,100 100.00 2.50% |
| Symbol | African |
African Media '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 African Media'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 African Media.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in African Media on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding African Media Entertainment or generate 0.0% return on investment in African Media over 720 days. African Media is related to or competes with Deneb Investments, HomeChoice Investments, British Amer, Astoria Investments, Safari Investments, and EMedia Holdings. More
African Media 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 African Media'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 African Media Entertainment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.47 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 18.52 | |||
| Value At Risk | (4.80) | |||
| Potential Upside | 3.87 |
African Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for African Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as African Media's standard deviation. In reality, there are many statistical measures that can use African Media historical prices to predict the future African Media's volatility.| Risk Adjusted Performance | 0.0269 | |||
| Jensen Alpha | 0.17 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.07) |
African Media Entert Backtested Returns
At this point, African Media is very steady. African Media Entert secures Sharpe Ratio (or Efficiency) of 0.0491, which signifies that the company had a 0.0491% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for African Media Entertainment, which you can use to evaluate the volatility of the firm. Please confirm African Media's Mean Deviation of 1.32, downside deviation of 4.47, and Risk Adjusted Performance of 0.0269 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. African Media has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.91, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning African Media are expected to decrease slowly. On the other hand, during market turmoil, African Media is expected to outperform it slightly. African Media Entert right now shows a risk of 2.82%. Please confirm African Media Entert total risk alpha, value at risk, expected short fall, as well as the relationship between the treynor ratio and downside variance , to decide if African Media Entert will be following its price patterns.
Auto-correlation | 0.25 |
Poor predictability
African Media Entertainment has poor predictability. Overlapping area represents the amount of predictability between African Media time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th of December 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 African Media Entert price movement. The serial correlation of 0.25 indicates that over 25.0% of current African Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 548.9 K |
African Media Entert lagged returns against current returns
Autocorrelation, which is African Media 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 African Media's stock expected returns. We can calculate the autocorrelation of African Media returns to help us make a trade decision. For example, suppose you find that African Media 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 |
African Media 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 African Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if African Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in African Media stock over time.
Current vs Lagged Prices |
| Timeline |
African Media Lagged Returns
When evaluating African Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of African Media stock have on its future price. African Media 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, African Media autocorrelation shows the relationship between African Media stock current value and its past values and can show if there is a momentum factor associated with investing in African Media Entertainment.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in African Stock
African Media financial ratios help investors to determine whether African 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 African with respect to the benefits of owning African Media security.