Power Assets Holdings Stock Price on March 19, 2024
| HGKGY Stock | USD 5.70 0.12 2.06% |
If you're considering investing in Power Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Power Assets stands at 5.70, as last reported on the 4th of May, with the highest price reaching 5.86 and the lowest price hitting 5.64 during the day. Power Assets Holdings maintains Sharpe Ratio (i.e., Efficiency) of -0.0164, which implies the firm had a -0.0164% return per unit of risk over the last 3 months. Power Assets Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Power Assets' Risk Adjusted Performance of 0.0062, variance of 5.54, and Coefficient Of Variation of (56,578) to confirm the risk estimate we provide.
Power Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.
Power |
Sharpe Ratio = -0.0164
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| Negative Returns | HGKGY |
Estimated Market Risk
| 2.38 actual daily | 21 79% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Power Assets is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Power Assets by adding Power Assets to a well-diversified portfolio.
Power Assets Valuation on March 19, 2024
It is possible to determine the worth of Power Assets on a given historical date. On March 19, 2024 Power was worth 5.8 at the beginning of the trading date compared to the closed value of 5.79. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Power Assets pink sheet. Still, in general, we apply an absolute valuation method to find Power Assets' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Power Assets where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Power Assets' related companies.
| Open | High | Low | Close | Volume | |
| 5.92 | 5.95 | 5.92 | 5.95 | 567.00 | |
03/19/2024 | 5.80 | 5.86 | 5.74 | 5.79 | 4,169 |
| 5.66 | 5.87 | 5.66 | 5.85 | 1,864 |
| Backtest Power Assets | | | Power Assets History | | | Power Assets Valuation | Previous | Next |
Power Assets Trading Date Momentum on March 19, 2024
| On March 20 2024 Power Assets Holdings was traded for 5.85 at the closing time. The highest daily price throughout the period was 5.87 and the lowest price was 5.66 . The daily volume was 1.9 K. The net trading volume on 03/20/2024 added to the next day price jump. The trading delta at closing time to closing price of the next trading day was 1.04% . The trading delta at closing time to current closing price is 1.21% . |
Power Assets Holdings Fundamentals Correlations and Trends
By evaluating Power Assets' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Power Assets' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Power financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Power Assets Pink Sheet history
Power Assets investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Power is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Power Assets Holdings will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Power Assets stock prices may prove useful in developing a viable investing in Power Assets
Power Assets Holdings Limited, an investment holding company, generates, transmits, and distributes electricity in Hong Kong, the United Kingdom, Australia, Mainland China, and internationally. Power Assets Holdings Limited was founded in 1889 and is based in Central, Hong Kong. Hongkong Electric operates under UtilitiesIndependent Power Producers classification in the United States and is traded on OTC Exchange. It employs 14 people.
Power Assets Pink Sheet Technical Analysis
Power Assets 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.
Price Boundaries
Power Assets Period Price Range
Low | March 19, 2024
| High |
5.80 | 5.79 |
Power Assets May 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Power Assets pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Power Assets shares will generate the highest return on investment. By undertsting and applying Power Assets pink sheet market strength indicators, traders can identify Power Assets Holdings entry and exit signals to maximize returns
| Accumulation Distribution | 85.37 | |||
| Daily Balance Of Power | (0.08) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 5.8 | |||
| Day Typical Price | 5.8 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.09) |
Power Assets Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Power Assets' price direction in advance. Along with the technical and fundamental analysis of Power Pink Sheet historical price patterns, it is also worthwhile for investors to track various predictive indicators of Power to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0062 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.13) |
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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Power Assets Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Power Assets Holdings information on this page should be used as a complementary analysis to other Power Assets' 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Power Pink Sheet analysis
When running Power Assets' price analysis, check to measure Power Assets' 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 Power Assets is operating at the current time. Most of Power Assets' value examination focuses on studying past and present price action to predict the probability of Power Assets' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Power Assets' price. Additionally, you may evaluate how the addition of Power Assets to your portfolios can decrease your overall portfolio volatility.
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