Boc Hong Kong Stock Market Value
| BHKLY Stock | USD 66.22 1.21 1.86% |
| Symbol | BOC |
BOC Hong '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 BOC Hong's pink sheet 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 BOC Hong.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in BOC Hong on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding BOC Hong Kong or generate 0.0% return on investment in BOC Hong over 360 days. BOC Hong is related to or competes with Bank of the Philippine Is, China Merchants, BDO Unibank, Bangkok Bank, Partners Bank, Commercial International, and Bank Mandiri. BOC Hong Kong Limited, an investment holding company, provides banking and related financial services to corporate and i... More
BOC Hong 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 BOC Hong's pink sheet 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 BOC Hong Kong upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.74 | |||
| Information Ratio | 0.0606 | |||
| Maximum Drawdown | 7.88 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 2.88 |
BOC Hong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BOC Hong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BOC Hong's standard deviation. In reality, there are many statistical measures that can use BOC Hong historical prices to predict the future BOC Hong's volatility.| Risk Adjusted Performance | 0.1035 | |||
| Jensen Alpha | 0.226 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0559 | |||
| Treynor Ratio | (0.67) |
BOC Hong Kong Backtested Returns
BOC Hong appears to be very steady, given 3 months investment horizon. BOC Hong Kong retains Efficiency (Sharpe Ratio) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for BOC Hong, which you can use to evaluate the volatility of the firm. Please makes use of BOC Hong's coefficient of variation of 776.71, and Market Risk Adjusted Performance of (0.66) to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BOC Hong holds a performance score of 10. The firm owns a Beta (Systematic Risk) of -0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BOC Hong are expected to decrease at a much lower rate. During the bear market, BOC Hong is likely to outperform the market. Please check BOC Hong's value at risk, and the relationship between the standard deviation and kurtosis , to make a quick decision on whether BOC Hong's current price history will revert.
Auto-correlation | 0.89 |
Very good predictability
BOC Hong Kong has very good predictability. Overlapping area represents the amount of predictability between BOC Hong time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 BOC Hong Kong price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current BOC Hong price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 14.42 |
BOC Hong Kong lagged returns against current returns
Autocorrelation, which is BOC Hong pink sheet'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 BOC Hong's pink sheet expected returns. We can calculate the autocorrelation of BOC Hong returns to help us make a trade decision. For example, suppose you find that BOC Hong has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
BOC Hong 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 BOC Hong pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BOC Hong pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BOC Hong pink sheet over time.
Current vs Lagged Prices |
| Timeline |
BOC Hong Lagged Returns
When evaluating BOC Hong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BOC Hong pink sheet have on its future price. BOC Hong 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, BOC Hong autocorrelation shows the relationship between BOC Hong pink sheet current value and its past values and can show if there is a momentum factor associated with investing in BOC Hong Kong.
Regressed Prices |
| Timeline |
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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.Additional Tools for BOC Pink Sheet Analysis
When running BOC Hong's price analysis, check to measure BOC Hong's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BOC Hong is operating at the current time. Most of BOC Hong's value examination focuses on studying past and present price action to predict the probability of BOC Hong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BOC Hong's price. Additionally, you may evaluate how the addition of BOC Hong to your portfolios can decrease your overall portfolio volatility.