Diligent Media (India) Market Value
| DNAMEDIA | 5.01 0.23 4.39% |
| Symbol | Diligent |
Diligent Media '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 Diligent Media's stock 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 Diligent Media.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Diligent Media on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Diligent Media or generate 0.0% return on investment in Diligent Media over 540 days. Diligent Media is related to or competes with KIOCL, Spentex Industries, ITI, Kingfa Science, GTL, Indo Amines, and Exide Industries. Diligent Media is entity of India. It is traded as Stock on NSE exchange. More
Diligent Media 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 Diligent Media's stock 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 Diligent Media upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 9.97 | |||
| Value At Risk | (5.04) | |||
| Potential Upside | 3.66 |
Diligent Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Diligent Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Diligent Media's standard deviation. In reality, there are many statistical measures that can use Diligent Media historical prices to predict the future Diligent Media's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (0.39) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Diligent Media's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Diligent Media Backtested Returns
Diligent Media secures Sharpe Ratio (or Efficiency) of -0.11, which denotes the company had a -0.11% return per unit of risk over the last 3 months. Diligent Media exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Diligent Media's Standard Deviation of 2.76, variance of 7.63, and Mean Deviation of 2.39 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.94, which means possible diversification benefits within a given portfolio. Diligent Media returns are very sensitive to returns on the market. As the market goes up or down, Diligent Media is expected to follow. At this point, Diligent Media has a negative expected return of -0.31%. Please make sure to confirm Diligent Media's total risk alpha, accumulation distribution, period momentum indicator, as well as the relationship between the potential upside and day median price , to decide if Diligent Media performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Diligent Media has below average predictability. Overlapping area represents the amount of predictability between Diligent Media time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 Diligent Media price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Diligent Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.84 |
Diligent Media lagged returns against current returns
Autocorrelation, which is Diligent Media stock'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 Diligent Media's stock expected returns. We can calculate the autocorrelation of Diligent Media returns to help us make a trade decision. For example, suppose you find that Diligent Media has exhibited high autocorrelation historically, and you observe that the stock 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 |
Diligent Media 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 Diligent Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Diligent Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Diligent Media stock over time.
Current vs Lagged Prices |
| Timeline |
Diligent Media Lagged Returns
When evaluating Diligent Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Diligent Media stock have on its future price. Diligent Media 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, Diligent Media autocorrelation shows the relationship between Diligent Media stock current value and its past values and can show if there is a momentum factor associated with investing in Diligent Media.
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 Diligent Stock
Diligent Media financial ratios help investors to determine whether Diligent Stock 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 Diligent with respect to the benefits of owning Diligent Media security.