DHX Media Backtesting

DHX Media Ltd -- USA Stock  

USD 2.80  0.15  5.08%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of DHX Media Ltd and determine expected loss or profit from investing in DHX Media over given investment horizon. Additionally see DHX Media Hype Analysis, DHX Media Correlation, DHX Media Valuation, DHX Media Volatility as well as analyze DHX Media Alpha and Beta and DHX Media Performance.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

DHX Media 'What if' Analysis

February 22, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
April 23, 2018
0.00
If you would invest  0.00  in DHX Media on February 22, 2018 and sell it all today you would earn a total of 0.00 from holding DHX Media Ltd or generate 0.0% return on investment in DHX Media over 60 days. DHX Media is related to or competes with 500 com, Eros International, AMC Entertainment, Cinemark Holdings, Dover Downs, and DOVER MOTORSPORTS. DHX Media Ltd. develops, produces, distributes, broadcasts, and licenses television and film programs for conventional a...

DHX Media Upside/Downside Indicators

Information Ratio0.13
Maximum Drawdown10.83
Value At Risk4.27
Potential Upside5.17
  

DHX Media Market Premium Indicators

Risk Adjusted Performance0.27
Jensen Alpha0.46
Total Risk Alpha0.32
Treynor Ratio1.39

DHX Media Ltd Backtested Returns

Macroaxis considers DHX Media to be extremely risky. DHX Media Ltd secures Sharpe Ratio (or Efficiency) of -0.1392 which denotes DHX Media Ltd had -0.1392% of return per unit of volatility over the last 2 months. Macroaxis approach towards predicting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. DHX Media Ltd exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm DHX Media Ltd Market Risk Adjusted Performance of 1.38 and Mean Deviation of 2.44 to check risk estimate we provide. Macroaxis gives DHX Media performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.3571 which denotes to the fact that as returns on market increase, DHX Media returns are expected to increase less than the market. However during bear market, the loss on holding DHX Media will be expected to be smaller as well.. Even though it is essential to pay attention to DHX Media Ltd historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis approach towards predicting future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. DHX Media Ltd exposes twenty-one different technical indicators which can help you to evaluate its performance. DHX Media Ltd has expected return of -0.4175%. Please be advised to confirm DHX Media Ltd Jensen Alpha and Downside Variance to decide if DHX Media Ltd past performance will be repeated at future time.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.18 

Very weak predictability

DHX Media Ltd has very weak predictability. Overlapping area represents the amount of predictability between DHX Media time series from February 22, 2018 to March 24, 2018 and March 24, 2018 to April 23, 2018. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of DHX Media Ltd price movement. The serial correlation of 0.18 indicates that over 18.0% of current DHX Media price fluctuation can be explain by its past prices.
Correlation Coefficient 0.18
Spearman Rank Test -0.41
Price Variance 0.01
Lagged Price Variance 0.01

DHX Media Ltd lagged returns against current returns

 Current and Lagged Values 
      Timeline 

DHX Media regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

DHX Media Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - DHXM

DHX Media Ltd Investor Sentiment
Most of Macroaxis users are currently bullish on DHX Media Ltd. What is your opinion about investing in DHX Media Ltd? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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BATS Exchange Efficient Frontier

Diversify in USA Market
The main assumption in equity investing is that a higher degree of volatility (or risk) means a higher potential (or expected) return on investment. Conversely, investors who take on a low degree of risk have a low expection for return.
Diversify Portfolios
You can create optimal portfolios in USA market or optimize your existing portfolio in one of two ways: 1) For any level of risk, select the one which has the highest expected return. 2) For any expected return, select the one which has the lowest volatility.
Diversify Portfolios
Additionally see DHX Media Hype Analysis, DHX Media Correlation, DHX Media Valuation, DHX Media Volatility as well as analyze DHX Media Alpha and Beta and DHX Media Performance. Please also try Crypto Portfolio Optimizer module to optimize portfolio of digital coins and token across multiple currency and exchanges.