Hang Seng (Hong Kong) Market Value

HSI -  Hong Kong Index  

 26,236  274.77  1.06%

Hang Seng's market value is the price at which a share of Hang Seng stock trades on a public exchange. It measures the collective expectations of Hang Seng investors about the entity's future performance. With this module, you 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 a 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

Please note, there is a significant difference between Hang Seng's value and its price as these two are different measures arrived at by different means. Investors typically determine Hang Seng value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hang Seng's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Hang Seng '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 Hang Seng's index 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 Hang Seng.
0.00
08/07/2020
No Change 0.00  0.0 
In 11 months and 27 days
08/02/2021
0.00
If you would invest  0.00  in Hang Seng on August 7, 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 360 days.

Hang Seng 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 Hang Seng's index 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 Hang Seng upside and downside potential and time the market with a certain degree of confidence.

Hang Seng Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Hang Seng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hang Seng's standard deviation. In reality, there are many statistical measures that can use Hang Seng historical prices to predict the future Hang Seng's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Hang Seng'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. Please use the tools below to analyze the current value of Hang Seng in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
26,23426,23626,237
Details
Intrinsic
Valuation
LowReal ValueHigh
20,46320,46428,859
Details
Naive
Forecast
LowNext ValueHigh
25,37625,37825,379
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
25,30427,39529,486
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hang Seng. Your research has to be compared to or analyzed against Hang Seng's peers to derive any actionable benefits. When done correctly, Hang Seng's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Hang Seng.

Hang Seng Backtested Returns

Hang Seng holds Efficiency (Sharpe) Ratio of -0.0984, which attests that the entity had -0.0984% of return per unit of risk over the last 3 months. Macroaxis standpoint towards determining the risk of any index is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Hang Seng exposes twenty-one 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 to not very significant fluctuations relative to the market. Let's try to break down what Hang Seng's beta means in this case. 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. Our philosophy towards determining any index's future performance 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-one different technical indicators, which can help you to evaluate its performance.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.58)   

Good reverse predictability

Hang Seng has good reverse predictability. Overlapping area represents the amount of predictability between Hang Seng time series from 7th of August 2020 to 3rd of February 2021 and 3rd of February 2021 to 2nd of August 2021. 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 -0.58 indicates that roughly 58.0% of current Hang Seng price fluctuation can be explain by its past prices. Given that Hang Seng has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Hang Seng for similar time interval.
Correlation Coefficient-0.58
Spearman Rank Test-0.49
Residual Average0.0
Price Variance966356.73

Hang Seng lagged returns against current returns

Autocorrelation, which is Hang Seng index'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 Hang Seng's index expected returns. We can calculate the autocorrelation of Hang Seng returns to help us make a trade decision. For example, suppose you find that Hang Seng index has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
Share
      Timeline 

Hang Seng 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 Hang Seng index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hang Seng index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hang Seng index over time.
 Current vs Lagged Prices 
Share
      Timeline 

Hang Seng Lagged Returns

When evaluating Hang Seng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hang Seng index have on its future price. Hang Seng 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, Hang Seng autocorrelation shows the relationship between Hang Seng index current value and its past values and can show if there is a momentum factor associated with investing in Hang Seng.
 Regressed Prices 
Share
      Timeline 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hang Seng without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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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. Note that the Hang Seng information on this page should be used as a complementary analysis to other Hang Seng'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 Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Other Tools for Hang Seng Index

When running Hang Seng price analysis, check to measure Hang Seng'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 Hang Seng is operating at the current time. Most of Hang Seng's value examination focuses on studying past and present price action to predict the probability of Hang Seng's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Hang Seng's price. Additionally, you may evaluate how the addition of Hang Seng to your portfolios can decrease your overall portfolio volatility.
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