Hang Seng Bank Stock Market Value
| HSNGF Stock | USD 12.05 0.00 0.00% |
| Symbol | Hang |
Hang Seng '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 Hang Seng'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 Hang Seng.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Hang Seng on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding Hang Seng Bank or generate 0.0% return on investment in Hang Seng over 60 days. Hang Seng is related to or competes with Standard Bank, PSB Holdings, United Overseas, and Turkiye Garanti. Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to indiv... More
Hang Seng 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 Hang Seng'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 Hang Seng Bank upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 11.62 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.28 |
Hang Seng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hang Seng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hang Seng's standard deviation. In reality, there are many statistical measures that can use Hang Seng historical prices to predict the future Hang Seng's volatility.| Risk Adjusted Performance | 0.0352 | |||
| Jensen Alpha | 0.0694 | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.19) |
Hang Seng Bank Backtested Returns
At this point, Hang Seng is not too volatile. Hang Seng Bank holds Efficiency (Sharpe) Ratio of 0.0411, which attests that the entity had a 0.0411% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Hang Seng Bank, which you can use to evaluate the volatility of the firm. Please check out Hang Seng's Standard Deviation of 1.3, risk adjusted performance of 0.0352, and Market Risk Adjusted Performance of (0.18) to validate if the risk estimate we provide is consistent with the expected return of 0.0544%. Hang Seng has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hang Seng are expected to decrease at a much lower rate. During the bear market, Hang Seng is likely to outperform the market. Hang Seng Bank right now retains a risk of 1.32%. Please check out Hang Seng variance, value at risk, as well as the relationship between the Value At Risk and rate of daily change , to decide if Hang Seng will be following its current trending patterns.
Auto-correlation | -0.56 |
Good reverse predictability
Hang Seng Bank has good reverse predictability. Overlapping area represents the amount of predictability between Hang Seng time series from 24th of September 2024 to 24th of October 2024 and 24th of October 2024 to 23rd 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 Hang Seng Bank price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Hang Seng price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Hang Seng Bank lagged returns against current returns
Autocorrelation, which is Hang Seng 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 Hang Seng's pink sheet expected returns. We can calculate the autocorrelation of Hang Seng returns to help us make a trade decision. For example, suppose you find that Hang Seng 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 |
Hang Seng 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 Hang Seng pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hang Seng pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hang Seng pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hang Seng Lagged Returns
When evaluating Hang Seng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hang Seng pink sheet have on its future price. Hang Seng 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, Hang Seng autocorrelation shows the relationship between Hang Seng pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hang Seng Bank.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hang Pink Sheet
Hang Seng financial ratios help investors to determine whether Hang 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 Hang with respect to the benefits of owning Hang Seng security.