DISCOVERY MUNICATIONS LLC Market Value
| 25470DAJ8 | 79.87 0.00 0.00% |
| Symbol | DISCOVERY |
DISCOVERY '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's bond 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.
| 02/02/2025 |
| 03/04/2025 |
If you would invest 0.00 in DISCOVERY on February 2, 2025 and sell it all today you would earn a total of 0.00 from holding DISCOVERY MUNICATIONS LLC or generate 0.0% return on investment in DISCOVERY over 30 days. DISCOVERY is related to or competes with Copa Holdings, Evertz Technologies, Ryanair Holdings, Global Crossing, SkyWest, LATAM Airlines, and FARO Technologies. More
DISCOVERY 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's bond 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 MUNICATIONS LLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.69 | |||
| Information Ratio | 0.0586 | |||
| Maximum Drawdown | 8.55 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 3.36 |
DISCOVERY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DISCOVERY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DISCOVERY's standard deviation. In reality, there are many statistical measures that can use DISCOVERY historical prices to predict the future DISCOVERY's volatility.| Risk Adjusted Performance | 0.0295 | |||
| Jensen Alpha | 0.0492 | |||
| Total Risk Alpha | 0.1996 | |||
| Sortino Ratio | 0.0646 | |||
| Treynor Ratio | 6.17 |
DISCOVERY MUNICATIONS LLC Backtested Returns
At this point, DISCOVERY is very steady. DISCOVERY MUNICATIONS LLC secures Sharpe Ratio (or Efficiency) of 0.0456, which denotes the bond had a 0.0456 % return per unit of volatility over the last 3 months. We have found twenty-four technical indicators for DISCOVERY MUNICATIONS LLC, which you can use to evaluate the volatility of the entity. Please confirm DISCOVERY's Mean Deviation of 1.49, downside deviation of 1.69, and Market Risk Adjusted Performance of 6.18 to check if the risk estimate we provide is consistent with the expected return of 0.0866%. The bond shows a Beta (market volatility) of 0.0079, which means not very significant fluctuations relative to the market. As returns on the market increase, DISCOVERY's returns are expected to increase less than the market. However, during the bear market, the loss of holding DISCOVERY is expected to be smaller as well.
Auto-correlation | -0.18 |
Insignificant reverse predictability
DISCOVERY MUNICATIONS LLC has insignificant reverse predictability. Overlapping area represents the amount of predictability between DISCOVERY time series from 2nd of February 2025 to 17th of February 2025 and 17th of February 2025 to 4th of March 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 DISCOVERY MUNICATIONS LLC price movement. The serial correlation of -0.18 indicates that over 18.0% of current DISCOVERY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 1.49 |
DISCOVERY MUNICATIONS LLC lagged returns against current returns
Autocorrelation, which is DISCOVERY bond'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's bond expected returns. We can calculate the autocorrelation of DISCOVERY returns to help us make a trade decision. For example, suppose you find that DISCOVERY has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DISCOVERY bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DISCOVERY bond over time.
Current vs Lagged Prices |
| Timeline |
DISCOVERY Lagged Returns
When evaluating DISCOVERY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DISCOVERY bond have on its future price. DISCOVERY 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 autocorrelation shows the relationship between DISCOVERY bond current value and its past values and can show if there is a momentum factor associated with investing in DISCOVERY MUNICATIONS LLC.
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 Bond
DISCOVERY financial ratios help investors to determine whether DISCOVERY Bond 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 security.