Hkt Trust Adr Stock Market Value
| HKTTY Stock | USD 12.13 0.96 7.33% |
| 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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in HKT Trust on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding HKT Trust ADR or generate 0.0% return on investment in HKT Trust over 30 days. HKT Trust is related to or competes with Vodafone Group, KDDI Corp, ATT, FingerMotion, KORE Group, and IDT. 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 ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.8 | |||
| Information Ratio | 0.0152 | |||
| Maximum Drawdown | 27.88 | |||
| Value At Risk | (10.95) | |||
| Potential Upside | 10.15 |
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 | 0.0377 | |||
| Jensen Alpha | 0.0369 | |||
| Total Risk Alpha | (0.70) | |||
| Sortino Ratio | 0.0129 | |||
| Treynor Ratio | 0.1468 |
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 ADR Backtested Returns
HKT Trust ADR holds Efficiency (Sharpe) Ratio of -0.0112, which attests that the entity had a -0.0112% return per unit of volatility over the last 3 months. HKT Trust ADR exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HKT Trust's risk adjusted performance of 0.0377, and Market Risk Adjusted Performance of 0.1568 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.42, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, HKT Trust will likely underperform. At this point, HKT Trust ADR has a negative expected return of -0.0631%. Please make sure to check out HKT Trust's maximum drawdown, skewness, price action indicator, as well as the relationship between the downside variance and rate of daily change , to decide if HKT Trust ADR performance from the past will be repeated at future time.
Auto-correlation | 0.25 |
Poor predictability
HKT Trust ADR has poor predictability. Overlapping area represents the amount of predictability between HKT Trust time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 ADR 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 | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
HKT Trust ADR 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 ADR.
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 HKT Pink Sheet Analysis
When running HKT Trust's price analysis, check to measure HKT Trust'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 HKT Trust is operating at the current time. Most of HKT Trust's value examination focuses on studying past and present price action to predict the probability of HKT Trust's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HKT Trust's price. Additionally, you may evaluate how the addition of HKT Trust to your portfolios can decrease your overall portfolio volatility.