Hong Kong And Stock Market Value
| HOKCF Stock | USD 0.77 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 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.
| 05/05/2022 |
| 04/24/2024 |
If you would invest 0.00 in Hong Kong on May 5, 2022 and sell it all today you would earn a total of 0.00 from holding Hong Kong and or generate 0.0% return on investment in Hong Kong over 720 days. Hong Kong is related to or competes with OPAL Fuels, Spire, NewJersey Resources, One Gas, Chesapeake Utilities, Northwest Natural, and NiSource. The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas in H... 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 and upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 17.55 | |||
| Potential Upside | 2.7 |
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 | 0.0055 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 0.1077 |
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 Backtested Returns
Hong Kong appears to be dangerous, given 3 months investment horizon. Hong Kong holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found eighteen technical indicators for Hong Kong, which you can use to evaluate the volatility of the firm. Please utilize Hong Kong's Market Risk Adjusted Performance of 0.1177, risk adjusted performance of 0.0055, and Standard Deviation of 2.44 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 9. The company retains a Market Volatility (i.e., Beta) of -0.17, 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. Please check Hong Kong's maximum drawdown, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Hong Kong's current trending patterns will revert.
Auto-correlation | -0.3 |
Weak reverse predictability
Hong Kong and has weak reverse predictability. Overlapping area represents the amount of predictability between Hong Kong time series from 5th of May 2022 to 30th of April 2023 and 30th of April 2023 to 24th 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 Hong Kong price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Hong Kong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Hong Kong 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 and.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Hong Kong Correlation, Hong Kong Volatility and Hong Kong Alpha and Beta module to complement your research on Hong Kong. Note that the Hong Kong information on this page should be used as a complementary analysis to other Hong Kong'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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary 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.
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Hong Kong 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.