Discovery Holdings (South Africa) Market Value
| DSY Stock | 19,525 33.00 0.17% |
| Symbol | Discovery |
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.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Discovery Holdings on November 11, 2024 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 30 days. Discovery Holdings is related to or competes with RCL Foods, Frontier Transport, Trematon Capital, HomeChoice Investments, and MC Mining. 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.
| Downside Deviation | 0.6882 | |||
| Information Ratio | 0.2701 | |||
| Maximum Drawdown | 6.01 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 2.17 |
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.| Risk Adjusted Performance | 0.2815 | |||
| Jensen Alpha | 0.4051 | |||
| Total Risk Alpha | 0.2354 | |||
| Sortino Ratio | 0.4249 | |||
| Treynor Ratio | 27.12 |
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-nine technical indicators for Discovery Holdings, which you can use to evaluate the volatility of the firm. Please utilize Discovery Holdings' Standard Deviation of 1.08, coefficient of variation of 259.66, and Mean Deviation of 0.7695 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 0.015, 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 | 0.62 |
Good predictability
Discovery Holdings has good predictability. Overlapping area represents the amount of predictability between Discovery Holdings time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 0.62 indicates that roughly 62.0% of current Discovery Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 21.7 K |
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 |
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 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.