Hkt Trust And Stock Market Value
| HKTTF Stock | USD 1.27 0.16 11.19% |
| Symbol | HKT |
HKT Trust '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 HKT Trust'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 HKT Trust.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in HKT Trust on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding HKT Trust and or generate 0.0% return on investment in HKT Trust over 90 days. HKT Trust is related to or competes with ATT, Verizon Communications, Vodafone Group, and T Mobile. HKT Trust and HKT Limited provides telecommunications services in Hong Kong, Mainland China, and internationally More
HKT Trust 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 HKT Trust'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 HKT Trust and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0937 | |||
| Maximum Drawdown | 74.81 | |||
| Potential Upside | 0.7042 |
HKT Trust Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HKT Trust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HKT Trust's standard deviation. In reality, there are many statistical measures that can use HKT Trust historical prices to predict the future HKT Trust's volatility.| Risk Adjusted Performance | 0.0928 | |||
| Jensen Alpha | 0.9164 | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (2.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HKT Trust'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.
HKT Trust Backtested Returns
HKT Trust appears to be out of control, given 3 months investment horizon. HKT Trust holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of volatility over the last 3 months. By analyzing HKT Trust's technical indicators, you can evaluate if the expected return of 0.89% is justified by implied risk. Please utilize HKT Trust's risk adjusted performance of 0.0928, and Market Risk Adjusted Performance of (2.08) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HKT Trust holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of -0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning HKT Trust are expected to decrease at a much lower rate. During the bear market, HKT Trust is likely to outperform the market. Please check HKT Trust's total risk alpha, rate of daily change, as well as the relationship between the Rate Of Daily Change and relative strength index , to make a quick decision on whether HKT Trust's current trending patterns will revert.
Auto-correlation | -0.25 |
Weak reverse predictability
HKT Trust and has weak reverse predictability. Overlapping area represents the amount of predictability between HKT Trust time series from 31st of August 2024 to 15th of October 2024 and 15th of October 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 HKT Trust price movement. The serial correlation of -0.25 indicates that over 25.0% of current HKT Trust price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HKT Trust lagged returns against current returns
Autocorrelation, which is HKT Trust 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 HKT Trust's pink sheet expected returns. We can calculate the autocorrelation of HKT Trust returns to help us make a trade decision. For example, suppose you find that HKT Trust 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 |
HKT Trust 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 HKT Trust pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HKT Trust pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HKT Trust pink sheet over time.
Current vs Lagged Prices |
| Timeline |
HKT Trust Lagged Returns
When evaluating HKT Trust's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HKT Trust pink sheet have on its future price. HKT Trust 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, HKT Trust autocorrelation shows the relationship between HKT Trust pink sheet current value and its past values and can show if there is a momentum factor associated with investing in HKT Trust and.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in HKT Pink Sheet
HKT Trust financial ratios help investors to determine whether HKT Pink Sheet 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 HKT with respect to the benefits of owning HKT Trust security.