Discovery Holdings (South Africa) Market Value

DSY Stock   19,525  33.00  0.17%   
Discovery Holdings' market value is the price at which a share of Discovery Holdings trades on a public exchange. It measures the collective expectations of Discovery Holdings investors about its performance. Discovery Holdings is trading at 19525.00 as of the 12th of December 2024, a 0.17 percent decrease since the beginning of the trading day. The stock's lowest day price was 19336.0.
With this module, you can estimate the performance of a buy and hold strategy of Discovery Holdings and determine expected loss or profit from investing in Discovery Holdings over a given investment horizon. Check out Discovery Holdings Correlation, Discovery Holdings Volatility and Discovery Holdings Alpha and Beta module to complement your research on Discovery Holdings.
Symbol

Please note, there is a significant difference between Discovery Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Discovery Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Discovery Holdings' 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.

Discovery Holdings '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 Discovery Holdings' 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 Discovery Holdings.
0.00
12/23/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/12/2024
0.00
If you would invest  0.00  in Discovery Holdings on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Discovery Holdings or generate 0.0% return on investment in Discovery Holdings over 720 days. Discovery Holdings is related to or competes with Advtech, Trematon Capital, Bytes Technology, MC Mining, AfroCentric Investment, and Standard Bank. More

Discovery Holdings 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 Discovery Holdings' 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 Discovery Holdings upside and downside potential and time the market with a certain degree of confidence.

Discovery Holdings Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Discovery Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Discovery Holdings' standard deviation. In reality, there are many statistical measures that can use Discovery Holdings historical prices to predict the future Discovery Holdings' volatility.
Hype
Prediction
LowEstimatedHigh
19,52419,52519,526
Details
Intrinsic
Valuation
LowRealHigh
18,55918,56021,478
Details
Naive
Forecast
LowNextHigh
19,66819,66919,670
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
17,07918,65520,230
Details

Discovery Holdings Backtested Returns

Discovery Holdings appears to be very steady, given 3 months investment horizon. Discovery Holdings secures Sharpe Ratio (or Efficiency) of 0.4, which denotes the company had a 0.4% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Discovery Holdings, which you can use to evaluate the volatility of the firm. Please utilize Discovery Holdings' Coefficient Of Variation of 258.7, standard deviation of 1.08, and Mean Deviation of 0.7685 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Discovery Holdings holds a performance score of 31. The firm shows a Beta (market volatility) of 0.0141, which means not very significant fluctuations relative to the market. As returns on the market increase, Discovery Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Discovery Holdings is expected to be smaller as well. Please check Discovery Holdings' skewness, day typical price, and the relationship between the downside variance and daily balance of power , to make a quick decision on whether Discovery Holdings' price patterns will revert.

Auto-correlation

    
  -0.32  

Poor reverse predictability

Discovery Holdings has poor reverse predictability. Overlapping area represents the amount of predictability between Discovery Holdings 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 Discovery Holdings price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Discovery Holdings price fluctuation can be explain by its past prices.
Correlation Coefficient-0.32
Spearman Rank Test0.08
Residual Average0.0
Price Variance5.9 M

Discovery Holdings lagged returns against current returns

Autocorrelation, which is Discovery Holdings 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 Discovery Holdings' stock expected returns. We can calculate the autocorrelation of Discovery Holdings returns to help us make a trade decision. For example, suppose you find that Discovery Holdings 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  

Discovery Holdings 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 Discovery Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Discovery Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Discovery Holdings stock over time.
   Current vs Lagged Prices   
       Timeline  

Discovery Holdings Lagged Returns

When evaluating Discovery Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Discovery Holdings stock have on its future price. Discovery Holdings 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, Discovery Holdings autocorrelation shows the relationship between Discovery Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Discovery Holdings.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Discovery Stock

Discovery Holdings financial ratios help investors to determine whether Discovery 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 Discovery with respect to the benefits of owning Discovery Holdings security.