DISCOVERY MUNICATIONS LLC Market Value
| 25470DAD1 | 97.06 0.56 0.57% |
| 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.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in DISCOVERY on June 2, 2024 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 180 days. DISCOVERY is related to or competes with AKITA Drilling, RLX Technology, Awilco Drilling, Boston Beer, Delek Drilling, Compania Cervecerias, and Scandinavian Tobacco. 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 | 5.13 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 67.57 | |||
| Value At Risk | (2.65) | |||
| Potential Upside | 1.72 |
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 | 0.018 | |||
| Jensen Alpha | 0.0581 | |||
| Total Risk Alpha | (0.86) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.17 |
DISCOVERY MUNICATIONS LLC Backtested Returns
DISCOVERY MUNICATIONS LLC secures Sharpe Ratio (or Efficiency) of -0.0666, which denotes the bond had a -0.0666% return per unit of volatility over the last 3 months. DISCOVERY MUNICATIONS LLC exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DISCOVERY's Downside Deviation of 5.13, market risk adjusted performance of 1.18, and Mean Deviation of 1.96 to check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.0551, 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 | 0.38 |
Below average predictability
DISCOVERY MUNICATIONS LLC has below average predictability. Overlapping area represents the amount of predictability between DISCOVERY time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 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 DISCOVERY MUNICATIONS LLC price movement. The serial correlation of 0.38 indicates that just about 38.0% of current DISCOVERY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 2.23 |
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.