Hong Kong Exchange Stock Market Value
| HKXCY Stock | USD 37.92 0.97 2.49% |
| 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.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Hong Kong on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Hong Kong Exchange or generate 0.0% return on investment in Hong Kong over 30 days. Hong Kong is related to or competes with CME, Nasdaq, SP Global, Moodys, MSCI, Intercontinental, and FactSet Research. 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 Exchange upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.52 | |||
| Information Ratio | 0.1131 | |||
| Maximum Drawdown | 27.49 | |||
| Value At Risk | (4.53) | |||
| Potential Upside | 8.57 |
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 | 0.1035 | |||
| Jensen Alpha | 0.4971 | |||
| Total Risk Alpha | 0.3991 | |||
| Sortino Ratio | 0.1369 | |||
| Treynor Ratio | 2.06 |
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 Exchange Backtested Returns
Hong Kong appears to be not too volatile, given 3 months investment horizon. Hong Kong Exchange holds Efficiency (Sharpe) Ratio of 0.0986, which attests that the entity had a 0.0986% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hong Kong Exchange, which you can use to evaluate the volatility of the firm. Please utilize Hong Kong's Market Risk Adjusted Performance of 2.07, downside deviation of 3.52, and Risk Adjusted Performance of 0.1035 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 0.24, which attests to not very significant fluctuations relative to the market. 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 maximum drawdown, as well as the relationship between the skewness and day typical price , to make a quick decision on whether Hong Kong's current trending patterns will revert.
Auto-correlation | -0.82 |
Excellent reverse predictability
Hong Kong Exchange has excellent reverse predictability. Overlapping area represents the amount of predictability between Hong Kong time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th 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 Exchange price movement. The serial correlation of -0.82 indicates that around 82.0% of current Hong Kong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 1.3 |
Hong Kong Exchange 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 Exchange.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Hong Pink Sheet Analysis
When running Hong Kong's price analysis, check to measure Hong Kong'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 Hong Kong is operating at the current time. Most of Hong Kong's value examination focuses on studying past and present price action to predict the probability of Hong Kong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hong Kong's price. Additionally, you may evaluate how the addition of Hong Kong to your portfolios can decrease your overall portfolio volatility.