Dis Chem's market value is the price at which a share of Dis Chem trades on a public exchange. It measures the collective expectations of Dis Chem Pharmacies investors about its performance. Dis Chem is trading at 3650.00 as of the 13th of January 2025, a 1.06 percent down since the beginning of the trading day. The stock's lowest day price was 3640.0. With this module, you can estimate the performance of a buy and hold strategy of Dis Chem Pharmacies and determine expected loss or profit from investing in Dis Chem over a given investment horizon. Check out Dis Chem Correlation, Dis Chem Volatility and Dis Chem Alpha and Beta module to complement your research on Dis Chem.
Please note, there is a significant difference between Dis Chem's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dis Chem is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dis Chem'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.
Dis Chem '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 Dis Chem'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 Dis Chem.
0.00
12/14/2024
No Change 0.00
0.0
In 30 days
01/13/2025
0.00
If you would invest 0.00 in Dis Chem on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Dis Chem Pharmacies or generate 0.0% return on investment in Dis Chem over 30 days. Dis Chem is related to or competes with Harmony Gold, MC Mining, Nedbank, EMedia Holdings, British Amer, and CA Sales. More
Dis Chem 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 Dis Chem'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 Dis Chem Pharmacies upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dis Chem's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dis Chem's standard deviation. In reality, there are many statistical measures that can use Dis Chem historical prices to predict the future Dis Chem's volatility.
Dis Chem Pharmacies secures Sharpe Ratio (or Efficiency) of -0.0209, which denotes the company had a -0.0209% return per unit of risk over the last 3 months. Dis Chem Pharmacies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dis Chem's Variance of 1.55, mean deviation of 0.8866, and Standard Deviation of 1.24 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0885, which means not very significant fluctuations relative to the market. As returns on the market increase, Dis Chem's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dis Chem is expected to be smaller as well. At this point, Dis Chem Pharmacies has a negative expected return of -0.026%. Please make sure to confirm Dis Chem's accumulation distribution, day typical price, and the relationship between the skewness and rate of daily change , to decide if Dis Chem Pharmacies performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.79
Almost perfect reverse predictability
Dis Chem Pharmacies has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Dis Chem time series from 14th of December 2024 to 29th of December 2024 and 29th of December 2024 to 13th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dis Chem Pharmacies price movement. The serial correlation of -0.79 indicates that around 79.0% of current Dis Chem price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.79
Spearman Rank Test
-0.71
Residual Average
0.0
Price Variance
1544.86
Dis Chem Pharmacies lagged returns against current returns
Autocorrelation, which is Dis Chem 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 Dis Chem's stock expected returns. We can calculate the autocorrelation of Dis Chem returns to help us make a trade decision. For example, suppose you find that Dis Chem 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
Dis Chem 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 Dis Chem stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dis Chem stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dis Chem stock over time.
Current vs Lagged Prices
Timeline
Dis Chem Lagged Returns
When evaluating Dis Chem's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dis Chem stock have on its future price. Dis Chem 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, Dis Chem autocorrelation shows the relationship between Dis Chem stock current value and its past values and can show if there is a momentum factor associated with investing in Dis Chem Pharmacies.
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.
Dis Chem financial ratios help investors to determine whether Dis 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 Dis with respect to the benefits of owning Dis Chem security.