Hutchison Telecommunicatio (Australia) Market Value
| HTA Stock | 0.03 0 3.70% |
| Symbol | Hutchison |
Hutchison Telecommunicatio '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 Hutchison Telecommunicatio'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 Hutchison Telecommunicatio.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Hutchison Telecommunicatio on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Hutchison Telecommunications or generate 0.0% return on investment in Hutchison Telecommunicatio over 30 days. Hutchison Telecommunicatio is related to or competes with Macquarie, CSL, Commonwealth Bank, Commonwealth Bank, Commonwealth Bank, Commonwealth Bank, and Cochlear. Hutchison Telecommunicatio is entity of Australia More
Hutchison Telecommunicatio 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 Hutchison Telecommunicatio'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 Hutchison Telecommunications upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 31.55 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 4.0 |
Hutchison Telecommunicatio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hutchison Telecommunicatio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hutchison Telecommunicatio's standard deviation. In reality, there are many statistical measures that can use Hutchison Telecommunicatio historical prices to predict the future Hutchison Telecommunicatio's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 0.0512 | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | 0.071 |
Hutchison Telecommunicatio Backtested Returns
Hutchison Telecommunicatio holds Efficiency (Sharpe) Ratio of -0.0269, which attests that the entity had a -0.0269% return per unit of risk over the last 3 months. Hutchison Telecommunicatio exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hutchison Telecommunicatio's Standard Deviation of 4.5, insignificant risk adjusted performance, and Market Risk Adjusted Performance of 0.081 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -1.08, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Hutchison Telecommunicatio are expected to decrease slowly. On the other hand, during market turmoil, Hutchison Telecommunicatio is expected to outperform it slightly. At this point, Hutchison Telecommunicatio has a negative expected return of -0.12%. Please make sure to check out Hutchison Telecommunicatio's maximum drawdown, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Hutchison Telecommunicatio performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.38 |
Poor reverse predictability
Hutchison Telecommunications has poor reverse predictability. Overlapping area represents the amount of predictability between Hutchison Telecommunicatio 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 Hutchison Telecommunicatio price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Hutchison Telecommunicatio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hutchison Telecommunicatio lagged returns against current returns
Autocorrelation, which is Hutchison Telecommunicatio 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 Hutchison Telecommunicatio's stock expected returns. We can calculate the autocorrelation of Hutchison Telecommunicatio returns to help us make a trade decision. For example, suppose you find that Hutchison Telecommunicatio 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 |
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Hutchison Telecommunicatio 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 Hutchison Telecommunicatio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hutchison Telecommunicatio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hutchison Telecommunicatio stock over time.
Current vs Lagged Prices |
| Timeline |
Hutchison Telecommunicatio Lagged Returns
When evaluating Hutchison Telecommunicatio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hutchison Telecommunicatio stock have on its future price. Hutchison Telecommunicatio 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, Hutchison Telecommunicatio autocorrelation shows the relationship between Hutchison Telecommunicatio stock current value and its past values and can show if there is a momentum factor associated with investing in Hutchison Telecommunications.
Regressed Prices |
| Timeline |
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Additional Tools for Hutchison Stock Analysis
When running Hutchison Telecommunicatio's price analysis, check to measure Hutchison Telecommunicatio'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 Hutchison Telecommunicatio is operating at the current time. Most of Hutchison Telecommunicatio's value examination focuses on studying past and present price action to predict the probability of Hutchison Telecommunicatio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hutchison Telecommunicatio's price. Additionally, you may evaluate how the addition of Hutchison Telecommunicatio to your portfolios can decrease your overall portfolio volatility.