Hong Kong Exchanges Stock Market Value
| HKXCF Stock | USD 39.79 2.79 7.54% |
| 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 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 Hong Kong.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in Hong Kong on December 29, 2022 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 720 days. Hong Kong is related to or competes with Singapore Exchange, London Stock, MSCI, London Stock, Deutsche Brse, and Deutsche Boerse. 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 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 Hong Kong Exchanges upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.57 | |||
| Information Ratio | 0.0943 | |||
| Maximum Drawdown | 37.56 | |||
| Value At Risk | (6.46) | |||
| Potential Upside | 10.74 |
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 | 0.0858 | |||
| Jensen Alpha | 0.5641 | |||
| Total Risk Alpha | 0.1395 | |||
| Sortino Ratio | 0.0945 | |||
| Treynor Ratio | 1.72 |
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
Hong Kong appears to be not too volatile, given 3 months investment horizon. Hong Kong Exchanges holds Efficiency (Sharpe) Ratio of 0.0988, which attests that the entity had a 0.0988% return per unit of risk over the last 3 months. By evaluating Hong Kong's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please utilize Hong Kong's Risk Adjusted Performance of 0.0858, market risk adjusted performance of 1.73, and Downside Deviation of 5.57 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hong Kong holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hong Kong's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hong Kong is expected to be smaller as well. Please check Hong Kong's total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether Hong Kong's current trending patterns will revert.
Auto-correlation | -0.44 |
Modest reverse predictability
Hong Kong Exchanges has modest reverse predictability. Overlapping area represents the amount of predictability between Hong Kong time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th 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 -0.44 indicates that just about 44.0% of current Hong Kong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 25.5 |
Hong Kong Exchanges lagged returns against current returns
Autocorrelation, which is Hong Kong 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 Hong Kong's pink sheet 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 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 |
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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hong Kong pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hong Kong pink sheet 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 pink sheet 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 pink sheet 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 Pink Sheet
Hong Kong financial ratios help investors to determine whether Hong 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 Hong with respect to the benefits of owning Hong Kong security.