Sun Hung (Germany) Market Value
| SHG Stock | EUR 9.30 0.05 0.53% |
| Symbol | Sun |
Sun Hung '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 Sun Hung'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 Sun Hung.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Sun Hung on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Sun Hung Kai or generate 0.0% return on investment in Sun Hung over 720 days. Sun Hung is related to or competes with NORTHEAST UTILITIES, Chesapeake Utilities, WT OFFSHORE, and GigaMedia. Sun Hung Kai Properties Limited develops, sells, and rents real estate properties in Hong Kong, Mainland China, and Sing... More
Sun Hung 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 Sun Hung'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 Sun Hung Kai upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | 0.1451 | |||
| Maximum Drawdown | 33.29 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 2.95 |
Sun Hung Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sun Hung's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sun Hung's standard deviation. In reality, there are many statistical measures that can use Sun Hung historical prices to predict the future Sun Hung's volatility.| Risk Adjusted Performance | 0.1432 | |||
| Jensen Alpha | 0.7012 | |||
| Total Risk Alpha | 0.0684 | |||
| Sortino Ratio | 0.3052 | |||
| Treynor Ratio | 2.67 |
Sun Hung Kai Backtested Returns
Sun Hung appears to be somewhat reliable, given 3 months investment horizon. Sun Hung Kai owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. By inspecting Sun Hung's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please review Sun Hung's Risk Adjusted Performance of 0.1432, semi deviation of 1.18, and Coefficient Of Variation of 568.14 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sun Hung holds a performance score of 13. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sun Hung's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sun Hung is expected to be smaller as well. Please check Sun Hung's sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to make a quick decision on whether Sun Hung's existing price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Sun Hung Kai has poor predictability. Overlapping area represents the amount of predictability between Sun Hung time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Sun Hung Kai price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Sun Hung price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.66 |
Sun Hung Kai lagged returns against current returns
Autocorrelation, which is Sun Hung 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 Sun Hung's stock expected returns. We can calculate the autocorrelation of Sun Hung returns to help us make a trade decision. For example, suppose you find that Sun Hung 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 |
| Timeline |
Sun Hung 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 Sun Hung stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sun Hung stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sun Hung stock over time.
Current vs Lagged Prices |
| Timeline |
Sun Hung Lagged Returns
When evaluating Sun Hung's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sun Hung stock have on its future price. Sun Hung 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, Sun Hung autocorrelation shows the relationship between Sun Hung stock current value and its past values and can show if there is a momentum factor associated with investing in Sun Hung Kai.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sun Stock
Sun Hung financial ratios help investors to determine whether Sun Stock 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 Sun with respect to the benefits of owning Sun Hung security.