MultiChoice (South Africa) Market Value
| MCG Stock | 10,730 25.00 0.23% |
| 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.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in MultiChoice on June 5, 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 180 days. MultiChoice is related to or competes with EMedia Holdings, Sabvest Capital, and Growthpoint Properties. 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 | (0.27) | |||
| Maximum Drawdown | 2.97 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 0.9633 |
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.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | 2.35 |
MultiChoice Group Backtested Returns
MultiChoice Group has Sharpe Ratio of -0.0708, which conveys that the firm had a -0.0708% return per unit of risk over the last 3 months. MultiChoice exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MultiChoice's Risk Adjusted Performance of (0.05), standard deviation of 0.6689, and Mean Deviation of 0.5217 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0229, 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 -0.0479%. Please make sure to verify MultiChoice's treynor ratio, skewness, rate of daily change, as well as the relationship between the value at risk and accumulation distribution , to decide if MultiChoice Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
MultiChoice Group has virtually no predictability. Overlapping area represents the amount of predictability between MultiChoice time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 0.06 indicates that barely 6.0% of current MultiChoice price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 24 K |
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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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 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.