Hong Kong (Germany) Market Value
| HK2C Stock | EUR 36.44 0.00 0.00% |
| 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 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 Hong Kong.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Hong Kong on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Hong Kong Exchanges or generate 0.0% return on investment in Hong Kong over 30 days. Hong Kong is related to or competes with CME, Intercontinental, London Stock, DEUTSCHE BOERSE, ASX, and Euronext. Hong Kong Exchanges and Clearing Limited, together with its subsidiaries, owns and operates stock exchanges and futures ... 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 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 Hong Kong Exchanges upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.27 | |||
| Information Ratio | 0.1158 | |||
| Maximum Drawdown | 29.15 | |||
| Value At Risk | (4.20) | |||
| Potential Upside | 7.39 |
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 | 0.1095 | |||
| Jensen Alpha | 0.4983 | |||
| Total Risk Alpha | 0.3222 | |||
| Sortino Ratio | 0.1409 | |||
| Treynor Ratio | (5.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hong Kong's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hong Kong Exchanges Backtested Returns
At this point, Hong Kong is not too volatile. Hong Kong Exchanges holds Efficiency (Sharpe) Ratio of 0.0276, which attests that the entity had a 0.0276% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Hong Kong Exchanges, which you can use to evaluate the volatility of the firm. Please check out Hong Kong's Downside Deviation of 3.27, market risk adjusted performance of (5.16), and Risk Adjusted Performance of 0.1095 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. Hong Kong has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0957, which attests to not very significant fluctuations relative to the market. 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. Hong Kong Exchanges right now retains a risk of 3.69%. Please check out Hong Kong total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Hong Kong will be following its current trending patterns.
Auto-correlation | -0.48 |
Modest reverse predictability
Hong Kong Exchanges has modest reverse predictability. Overlapping area represents the amount of predictability between Hong Kong time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Hong Kong Exchanges price movement. The serial correlation of -0.48 indicates that about 48.0% of current Hong Kong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Hong Kong Exchanges lagged returns against current returns
Autocorrelation, which is Hong Kong 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 Hong Kong's stock 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 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 |
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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hong Kong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hong Kong stock 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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in Hong Kong Exchanges.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hong Stock
Hong Kong financial ratios help investors to determine whether Hong 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 Hong with respect to the benefits of owning Hong Kong security.