Hong Kong Land Stock Market Value
| HNGKY Stock | USD 23.53 0.13 0.56% |
| Symbol | Hong |
Hong Kong '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 Hong Kong'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 Hong Kong.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Hong Kong on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Hong Kong Land or generate 0.0% return on investment in Hong Kong over 30 days. Hong Kong is related to or competes with Wharf Holdings, Sun Hung, and Sino Land. Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management o... More
Hong Kong 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 Hong Kong'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 Hong Kong Land upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.91 | |||
| Information Ratio | 0.1059 | |||
| Maximum Drawdown | 15.68 | |||
| Value At Risk | (4.34) | |||
| Potential Upside | 5.42 |
Hong Kong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hong Kong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hong Kong's standard deviation. In reality, there are many statistical measures that can use Hong Kong historical prices to predict the future Hong Kong's volatility.| Risk Adjusted Performance | 0.119 | |||
| Jensen Alpha | 0.5186 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1174 | |||
| Treynor Ratio | (0.94) |
Hong Kong Land Backtested Returns
Hong Kong appears to be not too volatile, given 3 months investment horizon. Hong Kong Land holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hong Kong Land, which you can use to evaluate the volatility of the firm. Please utilize Hong Kong's Downside Deviation of 2.91, risk adjusted performance of 0.119, and Market Risk Adjusted Performance of (0.93) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hong Kong holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of -0.49, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hong Kong are expected to decrease at a much lower rate. During the bear market, Hong Kong is likely to outperform the market. Please check Hong Kong's maximum drawdown, as well as the relationship between the skewness and price action indicator , to make a quick decision on whether Hong Kong's current trending patterns will revert.
Auto-correlation | 0.11 |
Insignificant predictability
Hong Kong Land has insignificant predictability. Overlapping area represents the amount of predictability between Hong Kong 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 Hong Kong Land price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Hong Kong price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Hong Kong Land lagged returns against current returns
Autocorrelation, which is Hong Kong 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 Hong Kong's pink sheet expected returns. We can calculate the autocorrelation of Hong Kong returns to help us make a trade decision. For example, suppose you find that Hong Kong 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 |
Hong Kong 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 Hong Kong pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hong Kong pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hong Kong pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hong Kong Lagged Returns
When evaluating Hong Kong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hong Kong pink sheet have on its future price. Hong Kong 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, Hong Kong autocorrelation shows the relationship between Hong Kong pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hong Kong Land.
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.Additional Tools for Hong Pink Sheet Analysis
When running Hong Kong's price analysis, check to measure Hong Kong'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 Hong Kong is operating at the current time. Most of Hong Kong's value examination focuses on studying past and present price action to predict the probability of Hong Kong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hong Kong's price. Additionally, you may evaluate how the addition of Hong Kong to your portfolios can decrease your overall portfolio volatility.