EMedia Holdings (South Africa) Market Value
| EMN Stock | 375.00 14.00 3.88% |
| Symbol | EMedia |
EMedia 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 EMedia 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 EMedia Holdings.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in EMedia Holdings on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding eMedia Holdings Limited or generate 0.0% return on investment in EMedia Holdings over 30 days. EMedia Holdings is related to or competes with E Media, Sabvest Capital, and Growthpoint Properties. More
EMedia 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 EMedia 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 eMedia Holdings Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.11 | |||
| Information Ratio | 0.0783 | |||
| Maximum Drawdown | 11.87 | |||
| Value At Risk | (3.73) | |||
| Potential Upside | 4.85 |
EMedia Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EMedia Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EMedia Holdings' standard deviation. In reality, there are many statistical measures that can use EMedia Holdings historical prices to predict the future EMedia Holdings' volatility.| Risk Adjusted Performance | 0.0932 | |||
| Jensen Alpha | 0.3286 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0471 | |||
| Treynor Ratio | (0.57) |
eMedia Holdings Backtested Returns
EMedia Holdings appears to be very steady, given 3 months investment horizon. eMedia Holdings secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for eMedia Holdings Limited, which you can use to evaluate the volatility of the firm. Please utilize EMedia Holdings' Downside Deviation of 4.11, semi deviation of 1.26, and Risk Adjusted Performance of 0.0932 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, EMedia Holdings holds a performance score of 9. The firm shows a Beta (market volatility) of -0.5, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning EMedia Holdings are expected to decrease at a much lower rate. During the bear market, EMedia Holdings is likely to outperform the market. Please check EMedia Holdings' downside deviation, total risk alpha, value at risk, as well as the relationship between the information ratio and treynor ratio , to make a quick decision on whether EMedia Holdings' price patterns will revert.
Auto-correlation | 0.57 |
Modest predictability
eMedia Holdings Limited has modest predictability. Overlapping area represents the amount of predictability between EMedia Holdings time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 eMedia Holdings price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current EMedia Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 554.8 |
eMedia Holdings lagged returns against current returns
Autocorrelation, which is EMedia 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 EMedia Holdings' stock expected returns. We can calculate the autocorrelation of EMedia Holdings returns to help us make a trade decision. For example, suppose you find that EMedia 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 |
EMedia 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 EMedia Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EMedia Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EMedia Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
EMedia Holdings Lagged Returns
When evaluating EMedia Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EMedia Holdings stock have on its future price. EMedia 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, EMedia Holdings autocorrelation shows the relationship between EMedia Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in eMedia Holdings Limited.
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 EMedia Stock
EMedia Holdings financial ratios help investors to determine whether EMedia 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 EMedia with respect to the benefits of owning EMedia Holdings security.