CK HUTCHISON (Germany) Market Value
| 2CKA Stock | EUR 4.74 0.04 0.84% |
| Symbol | 2CKA |
CK HUTCHISON '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 CK HUTCHISON'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 CK HUTCHISON.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in CK HUTCHISON on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding CK HUTCHISON HLDGS or generate 0.0% return on investment in CK HUTCHISON over 30 days. CK HUTCHISON is related to or competes with Honeywell International, Mitsubishi, Hitachi, ITOCHU, CITIC, CITIC, and CK HUTCHISON. CK Hutchison Holdings Limited, an investment holding company, operates in ports and related services, retail, infrastruc... More
CK HUTCHISON 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 CK HUTCHISON'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 CK HUTCHISON HLDGS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 16.98 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 2.05 |
CK HUTCHISON Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CK HUTCHISON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CK HUTCHISON's standard deviation. In reality, there are many statistical measures that can use CK HUTCHISON historical prices to predict the future CK HUTCHISON's volatility.| Risk Adjusted Performance | 0.0134 | |||
| Jensen Alpha | 0.0024 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0313 |
CK HUTCHISON HLDGS Backtested Returns
At this point, CK HUTCHISON is somewhat reliable. CK HUTCHISON HLDGS retains Efficiency (Sharpe Ratio) of 0.0062, which signifies that the company had a 0.0062% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for CK HUTCHISON, which you can use to evaluate the volatility of the firm. Please confirm CK HUTCHISON's Market Risk Adjusted Performance of 0.0413, standard deviation of 1.93, and Coefficient Of Variation of 10562.38 to double-check if the risk estimate we provide is consistent with the expected return of 0.0119%. The firm owns a Beta (Systematic Risk) of 0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CK HUTCHISON's returns are expected to increase less than the market. However, during the bear market, the loss of holding CK HUTCHISON is expected to be smaller as well. CK HUTCHISON HLDGS today owns a risk of 1.93%. Please confirm CK HUTCHISON HLDGS market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if CK HUTCHISON HLDGS will be following its current price history.
Auto-correlation | -0.82 |
Excellent reverse predictability
CK HUTCHISON HLDGS has excellent reverse predictability. Overlapping area represents the amount of predictability between CK HUTCHISON time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd of December 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 CK HUTCHISON HLDGS price movement. The serial correlation of -0.82 indicates that around 82.0% of current CK HUTCHISON price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
CK HUTCHISON HLDGS lagged returns against current returns
Autocorrelation, which is CK HUTCHISON 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 CK HUTCHISON's stock expected returns. We can calculate the autocorrelation of CK HUTCHISON returns to help us make a trade decision. For example, suppose you find that CK HUTCHISON 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 |
CK HUTCHISON 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 CK HUTCHISON stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CK HUTCHISON stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CK HUTCHISON stock over time.
Current vs Lagged Prices |
| Timeline |
CK HUTCHISON Lagged Returns
When evaluating CK HUTCHISON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CK HUTCHISON stock have on its future price. CK HUTCHISON 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, CK HUTCHISON autocorrelation shows the relationship between CK HUTCHISON stock current value and its past values and can show if there is a momentum factor associated with investing in CK HUTCHISON HLDGS.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in 2CKA Stock
CK HUTCHISON financial ratios help investors to determine whether 2CKA 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 2CKA with respect to the benefits of owning CK HUTCHISON security.