Music Broadcast (India) Market Value
| RADIOCITY | 12.58 0.08 0.64% |
| Symbol | Music |
Music Broadcast '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 Music Broadcast'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 Music Broadcast.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Music Broadcast on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Music Broadcast Limited or generate 0.0% return on investment in Music Broadcast over 540 days. Music Broadcast is related to or competes with Hindustan Foods, V Mart, Data Patterns, Hathway Cable, Hexa Tradex, Dhampur Bio, and Meghmani Organics. Music Broadcast is entity of India. It is traded as Stock on NSE exchange. More
Music Broadcast 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 Music Broadcast'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 Music Broadcast Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 9.83 | |||
| Value At Risk | (3.46) | |||
| Potential Upside | 2.67 |
Music Broadcast Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Music Broadcast's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Music Broadcast's standard deviation. In reality, there are many statistical measures that can use Music Broadcast historical prices to predict the future Music Broadcast's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (0.84) |
Music Broadcast Backtested Returns
Music Broadcast has Sharpe Ratio of -0.19, which conveys that the firm had a -0.19% return per unit of risk over the last 3 months. Music Broadcast exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Music Broadcast's Standard Deviation of 1.92, mean deviation of 1.37, and Risk Adjusted Performance of (0.16) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.5, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Music Broadcast's returns are expected to increase less than the market. However, during the bear market, the loss of holding Music Broadcast is expected to be smaller as well. At this point, Music Broadcast has a negative expected return of -0.38%. Please make sure to verify Music Broadcast's treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Music Broadcast performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.83 |
Excellent reverse predictability
Music Broadcast Limited has excellent reverse predictability. Overlapping area represents the amount of predictability between Music Broadcast time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Music Broadcast price movement. The serial correlation of -0.83 indicates that around 83.0% of current Music Broadcast price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 2.69 |
Music Broadcast lagged returns against current returns
Autocorrelation, which is Music Broadcast 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 Music Broadcast's stock expected returns. We can calculate the autocorrelation of Music Broadcast returns to help us make a trade decision. For example, suppose you find that Music Broadcast 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 |
Music Broadcast 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 Music Broadcast stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Music Broadcast stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Music Broadcast stock over time.
Current vs Lagged Prices |
| Timeline |
Music Broadcast Lagged Returns
When evaluating Music Broadcast's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Music Broadcast stock have on its future price. Music Broadcast 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, Music Broadcast autocorrelation shows the relationship between Music Broadcast stock current value and its past values and can show if there is a momentum factor associated with investing in Music Broadcast 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 Music Stock
Music Broadcast financial ratios help investors to determine whether Music 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 Music with respect to the benefits of owning Music Broadcast security.