DHX Media Backtesting

DHXM -- USA Stock  

USD 1.90  0.05  2.56%

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

DHX Media 'What if' Analysis

July 15, 2018
No Change 0.00  0.0%
In 31 days
August 14, 2018
If you would invest  0.00  in DHX Media on July 15, 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 30 days. DHX Media is related to or competes with Entravision Communications, Gray Television, NTN Buzztime, Formula One, News, and NEXSTAR BROADCAST. DHX Media Ltd. develops, produces, distributes, broadcasts, and licenses television and film programs for conventional a...

DHX Media Upside/Downside Indicators

Downside Deviation4.24
Information Ratio0.0129
Maximum Drawdown21.91
Value At Risk5.81
Potential Upside7.89

DHX Media Market Premium Indicators

Risk Adjusted Performance0.0188
Jensen Alpha0.0609
Total Risk Alpha0.27
Sortino Ratio0.0147
Treynor Ratio0.0921

DHX Media Ltd Backtested Returns

We consider DHX Media exceptionally risky. DHX Media Ltd secures Sharpe Ratio (or Efficiency) of 0.022 which denotes DHX Media Ltd had 0.022% of return per unit of volatility over the last 1 month. Our approach towards predicting volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for DHX Media Ltd which you can use to evaluate future volatility of the firm. Please confirm DHX Media Ltd Market Risk Adjusted Performance of 0.1021, Mean Deviation of 3.16 and Downside Deviation of 4.24 to check if risk estimate we provide are consistent with the epected return of 0.1057%. DHX Media has performance score of 1 on a scale of 0 to 100. The firm shows Beta (market volatility) of 1.0388 which denotes to the fact that DHX Media returns are very sensitive to returns on the market. as market goes up or down, DHX Media is expected to follow.. Although it is extremely important to respect DHX Media Ltd historical returns, it is better to be realistic regarding the information on equity current trending patterns. The approach towards predicting future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By evaluating DHX Media Ltd technical indicators you can now evaluate if the expected return of 0.1057% will be sustainable into the future. DHX Media Ltd currently shows a risk of 4.8095%. Please confirm DHX Media Ltd Jensen Alpha and Downside Variance to decide if DHX Media Ltd will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.19) 

Insignificant reverse predictability

DHX Media Ltd has insignificant reverse predictability. Overlapping area represents the amount of predictability between DHX Media time series from July 15, 2018 to July 30, 2018 and July 30, 2018 to August 14, 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 -0.19 indicates that over 19.0% of current DHX Media price fluctuation can be explain by its past prices. Given that DHX Media Ltd has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of DHX Media for similar time interval.
Correlation Coefficient -0.19
Spearman Rank Test -0.21
Price Variance 0.02
Average Price 2.09

DHX Media Ltd lagged returns against current returns

 Current and Lagged Values 

DHX Media regressed lagged prices vs. current prices

 Current vs Lagged Prices 

DHX Media Lagged Returns

 Regressed Prices 

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Pair Correlation

Equities Pair Trading Analysis
Correlation analysis and pair trading evaluation for DHX Media and Ethos Media Network. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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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 Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.