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.
|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|