HK Electric (Germany) Market Value
| HKT Stock | 0.63 0.01 1.56% |
| Symbol | HKT |
HK Electric '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 HK Electric'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 HK Electric.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in HK Electric on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding HK Electric Investments or generate 0.0% return on investment in HK Electric over 30 days. HK Electric is related to or competes with Apple, Apple, Apple, Apple, Apple, Microsoft, and Microsoft. More
HK Electric 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 HK Electric'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 HK Electric Investments upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | 0.108 | |||
| Maximum Drawdown | 34.25 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.64 |
HK Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HK Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HK Electric's standard deviation. In reality, there are many statistical measures that can use HK Electric historical prices to predict the future HK Electric's volatility.| Risk Adjusted Performance | 0.1147 | |||
| Jensen Alpha | 0.5243 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.2529 | |||
| Treynor Ratio | 1.85 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HK Electric'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.
HK Electric Investments Backtested Returns
Currently, HK Electric Investments is risky. HK Electric Investments retains Efficiency (Sharpe Ratio) of 0.0625, which attests that the entity had a 0.0625% return per unit of price deviation over the last 3 months. We have found twenty-six technical indicators for HK Electric, which you can use to evaluate the volatility of the firm. Please check out HK Electric's Downside Deviation of 1.75, market risk adjusted performance of 1.86, and Variance of 16.72 to validate if the risk estimate we provide is consistent with the expected return of 0.0541%. HK Electric has a performance score of 4 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.3, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HK Electric's returns are expected to increase less than the market. However, during the bear market, the loss of holding HK Electric is expected to be smaller as well. HK Electric Investments today owns a risk of 0.87%. Please check out HK Electric Investments standard deviation, downside variance, day typical price, as well as the relationship between the treynor ratio and kurtosis , to decide if HK Electric Investments will be following its current price history.
Auto-correlation | -0.1 |
Very weak reverse predictability
HK Electric Investments has very weak reverse predictability. Overlapping area represents the amount of predictability between HK Electric time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 HK Electric Investments price movement. The serial correlation of -0.1 indicates that less than 10.0% of current HK Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HK Electric Investments lagged returns against current returns
Autocorrelation, which is HK Electric 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 HK Electric's stock expected returns. We can calculate the autocorrelation of HK Electric returns to help us make a trade decision. For example, suppose you find that HK Electric 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 |
HK Electric 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 HK Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HK Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HK Electric stock over time.
Current vs Lagged Prices |
| Timeline |
HK Electric Lagged Returns
When evaluating HK Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HK Electric stock have on its future price. HK Electric 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, HK Electric autocorrelation shows the relationship between HK Electric stock current value and its past values and can show if there is a momentum factor associated with investing in HK Electric Investments.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for HKT Stock Analysis
When running HK Electric's price analysis, check to measure HK Electric'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 HK Electric is operating at the current time. Most of HK Electric's value examination focuses on studying past and present price action to predict the probability of HK Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HK Electric's price. Additionally, you may evaluate how the addition of HK Electric to your portfolios can decrease your overall portfolio volatility.