MultiChoice (South Africa) Market Value

MCG Stock   10,776  24.00  0.22%   
MultiChoice's market value is the price at which a share of MultiChoice trades on a public exchange. It measures the collective expectations of MultiChoice Group investors about its performance. MultiChoice is trading at 10776.00 as of the 24th of December 2024, a 0.22 percent decrease since the beginning of the trading day. The stock's lowest day price was 10607.0.
With this module, you can estimate the performance of a buy and hold strategy of MultiChoice Group and determine expected loss or profit from investing in MultiChoice over a given investment horizon. Check out MultiChoice Correlation, MultiChoice Volatility and MultiChoice Alpha and Beta module to complement your research on MultiChoice.
Symbol

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

MultiChoice '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 MultiChoice'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 MultiChoice.
0.00
11/24/2024
No Change 0.00  0.0 
In 31 days
12/24/2024
0.00
If you would invest  0.00  in MultiChoice on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding MultiChoice Group or generate 0.0% return on investment in MultiChoice over 30 days. MultiChoice is related to or competes with MC Mining, Trematon Capital, Hosken Consolidated, Harmony Gold, E Media, Reinet Investments, and Astoria Investments. More

MultiChoice 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 MultiChoice'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 MultiChoice Group upside and downside potential and time the market with a certain degree of confidence.

MultiChoice Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for MultiChoice's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MultiChoice's standard deviation. In reality, there are many statistical measures that can use MultiChoice historical prices to predict the future MultiChoice's volatility.
Hype
Prediction
LowEstimatedHigh
10,77510,77610,777
Details
Intrinsic
Valuation
LowRealHigh
10,32010,32011,854
Details

MultiChoice Group Backtested Returns

MultiChoice Group has Sharpe Ratio of -0.0021, which conveys that the firm had a -0.0021% return per unit of risk over the last 3 months. MultiChoice exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MultiChoice's Mean Deviation of 0.448, risk adjusted performance of 0.0084, and Downside Deviation of 0.5749 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.13, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MultiChoice are expected to decrease at a much lower rate. During the bear market, MultiChoice is likely to outperform the market. At this point, MultiChoice Group has a negative expected return of -0.0012%. Please make sure to verify MultiChoice's maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to decide if MultiChoice Group performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.58  

Good reverse predictability

MultiChoice Group has good reverse predictability. Overlapping area represents the amount of predictability between MultiChoice time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 MultiChoice Group price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current MultiChoice price fluctuation can be explain by its past prices.
Correlation Coefficient-0.58
Spearman Rank Test-0.13
Residual Average0.0
Price Variance311.47

MultiChoice Group lagged returns against current returns

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

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

MultiChoice Lagged Returns

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

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Other Information on Investing in MultiChoice Stock

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