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Hang Seng (Hong Kong) Backtesting

All InstrumentsIndexesHong Kong
Index Hang Seng
HAN
HSI -- Hong Kong Index  

 23,280  215.04  0.93%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Hang Seng and determine expected loss or profit from investing in Hang Seng over given investment horizon. Check out Hang Seng Hype Analysis, Hang Seng Correlation, Portfolio Optimization, Hang Seng Volatility as well as analyze Hang Seng Alpha and Beta and Hang Seng Performance.
Symbol
Backtest

Hang Seng 'What if' Analysis

0.00
01/03/2020
No Change 0.00  0.0 
In 2 months and 31 days
04/02/2020
0.00
If you would invest  0.00  in Hang Seng on January 3, 2020 and sell it all today you would earn a total of 0.00 from holding Hang Seng or generate 0.0% return on investment in Hang Seng over 90 days. Hang Seng is related to or competes with AIA, CHINA SHENHUA, BUD APAC, SHK PPT, COUNTRY GARDEN, CHINA RAIL, and ANTA SPORTS. Hang Seng is entity of Hong Kong. It is traded as Index on Index exchange.

Hang Seng Upside/Downside Indicators

Information Ratio0.0527
Maximum Drawdown9.91
Value At Risk(4.03)
Potential Upside2.64

Hang Seng Market Premium Indicators

Risk Adjusted Performance(0.53)
Total Risk Alpha(0.09)

Hang Seng Backtested Returns

Hang Seng holds Efficiency (Sharpe) Ratio of -0.1609, which attests that the entity had -0.1609% of return per unit of risk over the last 3 months. Macroaxis philosophy towards determining risk of any index is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Hang Seng exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. The index retains a Market Volatility (i.e. Beta) of 0.0, which attests that the returns on MARKET and Hang Seng are completely uncorrelated. Even though it is essential to pay attention to Hang Seng current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining future performance of any index is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Hang Seng exposes twenty-eight different technical indicators, which can help you to evaluate its performance.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.77 
correlation synergy

Good predictability

Hang Seng has good predictability. Overlapping area represents the amount of predictability between Hang Seng time series from January 3, 2020 to February 17, 2020 and February 17, 2020 to April 2, 2020. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hang Seng price movement. The serial correlation of 0.77 indicates that around 77.0% of current Hang Seng price fluctuation can be explain by its past prices.
Correlation Coefficient0.77
Spearman Rank Test0.75
Residual Average0.0
Price Variance3685449.49

Hang Seng lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

Hang Seng regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

Hang Seng Lagged Returns

 Regressed Prices 
    
  Timeline 

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Check out Hang Seng Hype Analysis, Hang Seng Correlation, Portfolio Optimization, Hang Seng Volatility as well as analyze Hang Seng Alpha and Beta and Hang Seng Performance. Please also try Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.
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Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page