Boc Hong Kong Stock Market Value
| BNKHF Stock | USD 2.91 0.11 3.93% |
| Symbol | BOC |
BOC Hong '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 BOC Hong'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 BOC Hong.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in BOC Hong on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding BOC Hong Kong or generate 0.0% return on investment in BOC Hong over 30 days. BOC Hong is related to or competes with Genfit, Adient PLC, Calliditas Therapeutics, Brunswick, Arcimoto, and Tesla. BOC Hong Kong Limited, an investment holding company, provides banking and related financial services to corporate and i... More
BOC Hong 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 BOC Hong'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 BOC Hong Kong upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0844 | |||
| Maximum Drawdown | 14.1 |
BOC Hong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BOC Hong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BOC Hong's standard deviation. In reality, there are many statistical measures that can use BOC Hong historical prices to predict the future BOC Hong's volatility.| Risk Adjusted Performance | 0.0788 | |||
| Jensen Alpha | 0.2544 | |||
| Total Risk Alpha | 0.036 | |||
| Treynor Ratio | (1.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BOC Hong'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.
BOC Hong Kong Backtested Returns
BOC Hong appears to be relatively risky, given 3 months investment horizon. BOC Hong Kong retains Efficiency (Sharpe Ratio) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found nineteen technical indicators for BOC Hong, which you can use to evaluate the volatility of the firm. Please makes use of BOC Hong's market risk adjusted performance of (1.19), and Variance of 4.75 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BOC Hong holds a performance score of 9. The firm owns a Beta (Systematic Risk) of -0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BOC Hong are expected to decrease at a much lower rate. During the bear market, BOC Hong is likely to outperform the market. Please check BOC Hong's coefficient of variation, skewness, price action indicator, as well as the relationship between the information ratio and rate of daily change , to make a quick decision on whether BOC Hong's current price history will revert.
Auto-correlation | 0.00 |
No correlation between past and present
BOC Hong Kong has no correlation between past and present. Overlapping area represents the amount of predictability between BOC Hong time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 BOC Hong Kong price movement. The serial correlation of 0.0 indicates that just 0.0% of current BOC Hong price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
BOC Hong Kong lagged returns against current returns
Autocorrelation, which is BOC Hong 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 BOC Hong's pink sheet expected returns. We can calculate the autocorrelation of BOC Hong returns to help us make a trade decision. For example, suppose you find that BOC Hong 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 |
BOC Hong 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 BOC Hong pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BOC Hong pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BOC Hong pink sheet over time.
Current vs Lagged Prices |
| Timeline |
BOC Hong Lagged Returns
When evaluating BOC Hong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BOC Hong pink sheet have on its future price. BOC Hong 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, BOC Hong autocorrelation shows the relationship between BOC Hong pink sheet current value and its past values and can show if there is a momentum factor associated with investing in BOC Hong Kong.
Regressed Prices |
| Timeline |
Pair Trading with BOC Hong
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BOC Hong position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BOC Hong will appreciate offsetting losses from the drop in the long position's value.Moving together with BOC Pink Sheet
| 0.75 | CIHHF | China Merchants Bank | PairCorr |
Moving against BOC Pink Sheet
| 0.5 | INTC | Intel Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to BOC Hong could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BOC Hong when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BOC Hong - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BOC Hong Kong to buy it.
The correlation of BOC Hong is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BOC Hong moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BOC Hong Kong moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for BOC Hong can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out BOC Hong Correlation, BOC Hong Volatility and BOC Hong Alpha and Beta module to complement your research on BOC Hong. Note that the BOC Hong Kong information on this page should be used as a complementary analysis to other BOC Hong's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for BOC Pink Sheet analysis
When running BOC Hong's price analysis, check to measure BOC Hong'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 BOC Hong is operating at the current time. Most of BOC Hong's value examination focuses on studying past and present price action to predict the probability of BOC Hong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BOC Hong's price. Additionally, you may evaluate how the addition of BOC Hong to your portfolios can decrease your overall portfolio volatility.
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Stocks Directory Find actively traded stocks across global markets | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |
BOC Hong technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.