POWER ASSETS Backtesting

HGKGY -- USA Stock  

USD 6.91  0.08  1.14%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of POWER ASSETS HOLDINGS LTD and determine expected loss or profit from investing in POWER ASSETS over given investment horizon. Please also check POWER ASSETS Hype Analysis, POWER ASSETS Correlation, POWER ASSETS Valuation, POWER ASSETS Volatility as well as analyze POWER ASSETS Alpha and Beta and POWER ASSETS Performance.
Horizon     30 Days    Login   to change

POWER ASSETS 'What if' Analysis

August 15, 2019
No Change 0.00  0.0 
In 3 months and 1 day
November 13, 2019
If you would invest  0.00  in POWER ASSETS on August 15, 2019 and sell it all today you would earn a total of 0.00 from holding POWER ASSETS HOLDINGS LTD or generate 0.0% return on investment in POWER ASSETS over 90 days. POWER ASSETS is related to or competes with Brookfield Renewable, TerraForm Power, Huaneng Power, Algonquin Power, NRG Energy, Datang International, and RUSHYDRO FED. Power Assets Holdings Limited, an investment holding company, generates, transmits, and distributes electricity in Hong ...

POWER ASSETS Upside/Downside Indicators

Downside Deviation1.28
Information Ratio(0.05)
Maximum Drawdown5.99
Value At Risk(2.19)
Potential Upside2.13

POWER ASSETS Market Premium Indicators

Risk Adjusted Performance0.0343
Jensen Alpha(0.00911)
Total Risk Alpha(0.10)
Sortino Ratio(0.047315)
Treynor Ratio0.0753


We consider POWER ASSETS slightly risky. POWER ASSETS HOLDINGS maintains Sharpe Ratio (i.e. Efficiency) of 0.0629 which implies the corporation had 0.0629% of return per unit of standard deviation over the last 3 months. Our philosophy towards forecasting volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for POWER ASSETS HOLDINGS which you can use to evaluate future volatility of the company. Please check POWER ASSETS HOLDINGS Market Risk Adjusted Performance of 0.0853, Risk Adjusted Performance of 0.0343 and Semi Deviation of 1.16 to confirm if risk estimate we provide are consistent with the epected return of 0.0741%. POWER ASSETS has performance score of 4 on a scale of 0 to 100. The organization holds Beta of 0.458 which implies as returns on market increase, POWER ASSETS returns are expected to increase less than the market. However during bear market, the loss on holding POWER ASSETS will be expected to be smaller as well. Although it is extremely important to respect POWER ASSETS HOLDINGS current trending patterns, it is better to be realistic regarding the information on equity existing price patterns. The philosophy towards forecasting future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By reviewing POWER ASSETS HOLDINGS technical indicators you can currently evaluate if the expected return of 0.0741% will be sustainable into the future. POWER ASSETS HOLDINGS presently holds a risk of 1.1786%. Please check POWER ASSETS HOLDINGS Sortino Ratio, Semi Variance as well as the relationship between Semi Variance and Rate Of Daily Change to decide if POWER ASSETS HOLDINGS will be following its historical price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.54) 
correlation synergy

Good reverse predictability

POWER ASSETS HOLDINGS LTD has good reverse predictability. Overlapping area represents the amount of predictability between POWER ASSETS time series from August 15, 2019 to September 29, 2019 and September 29, 2019 to November 13, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of POWER ASSETS HOLDINGS price movement. The serial correlation of -0.54 indicates that about 54.0% of current POWER ASSETS price fluctuation can be explain by its past prices. Given that POWER ASSETS HOLDINGS LTD has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of POWER ASSETS for similar time interval.
Correlation Coefficient-0.54
Spearman Rank Test-0.39
Residual Average0.0
Price Variance0.04

POWER ASSETS HOLDINGS lagged returns against current returns

 Current and Lagged Values 

POWER ASSETS regressed lagged prices vs. current prices

 Current vs Lagged Prices 

POWER ASSETS Lagged Returns

 Regressed Prices 

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Please also check POWER ASSETS Hype Analysis, POWER ASSETS Correlation, POWER ASSETS Valuation, POWER ASSETS Volatility as well as analyze POWER ASSETS Alpha and Beta and POWER ASSETS Performance. Please also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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