DHX Media Backtesting

DHXM -- USA Stock  

Fiscal Quarter End: December 31, 2019  

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.
Horizon     30 Days    Login   to change

DHX Media 'What if' Analysis

August 17, 2019
No Change 0.00  0.0 
In 3 months and 1 day
November 15, 2019
If you would invest  0.00  in DHX Media on August 17, 2019 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 90 days. DHX Media is related to or competes with Emmis Communications, Entercom Communications, Entravision Communications, Gray Television, NTN Buzztime, and IHEARTMEDIA INC. DHX Media Ltd. develops, produces, distributes, broadcasts, and licenses television and film programs for conventional a...

DHX Media Upside/Downside Indicators

Downside Deviation2.78
Information Ratio0.0198
Maximum Drawdown18.79
Value At Risk(4.68)
Potential Upside7.26

DHX Media Market Premium Indicators

Risk Adjusted Performance0.0504
Jensen Alpha0.1259
Total Risk Alpha(0.45)
Sortino Ratio0.0262
Treynor Ratio0.3427

DHX Media Ltd Backtested Returns

We consider DHX Media abnormally volatile. DHX Media Ltd secures Sharpe Ratio (or Efficiency) of 0.0426 which denotes the organization had 0.0426% of return per unit of volatility over the last 3 months. Our approach towards predicting volatility of a stock is to use all available market data together with stock 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 Mean Deviation of 2.66, Downside Deviation of 2.78 and Market Risk Adjusted Performance of 0.3527 to check if risk estimate we provide are consistent with the epected return of 0.1461%. DHX Media has performance score of 2 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.5923 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. 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 0.1461% will be sustainable into the future. DHX Media Ltd currently shows a risk of 3.4263%. 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(0.65) 
correlation synergy

Very good reverse predictability

DHX Media Ltd has very good reverse predictability. Overlapping area represents the amount of predictability between DHX Media time series from August 17, 2019 to October 1, 2019 and October 1, 2019 to November 15, 2019. 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 -0.65 indicates that roughly 65.0% 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-0.65
Spearman Rank Test-0.44
Residual Average0.0
Price Variance0.01

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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DHX Media Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for DHX Media and Emmis Communications. 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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
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