MultiChoice (South Africa) Market Value
| MCG Stock | 10,929 65.00 0.59% |
| Symbol | MultiChoice |
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.
| 12/12/2024 |
| 01/11/2025 |
If you would invest 0.00 in MultiChoice on December 12, 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 AfroCentric Investment, Astoria Investments, Zeder Investments, HomeChoice Investments, Reinet Investments, ABSA Bank, and Ascendis Health. 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.
| Information Ratio | 0.0034 | |||
| Maximum Drawdown | 2.5 | |||
| Value At Risk | (0.73) | |||
| Potential Upside | 0.9251 |
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.MultiChoice Group Backtested Returns
MultiChoice Group has Sharpe Ratio of -0.019, which conveys that the firm had a -0.019% return per unit of risk over the last 3 months. MultiChoice exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MultiChoice's Risk Adjusted Performance of (0.01), coefficient of variation of (909,258), and Variance of 0.2683 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and MultiChoice are completely uncorrelated. At this point, MultiChoice Group has a negative expected return of -0.0094%. Please make sure to verify MultiChoice's daily balance of power, market facilitation index, and the relationship between the potential upside and day median price , to decide if MultiChoice Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
MultiChoice Group has good reverse predictability. Overlapping area represents the amount of predictability between MultiChoice time series from 12th of December 2024 to 27th of December 2024 and 27th of December 2024 to 11th 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 MultiChoice Group price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current MultiChoice price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 4683.95 |
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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| TRX | TRON | |
| BNB | Binance Coin |
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.