Ck Hutchison Holdings Stock Market Value
| CKHUY Stock | USD 5.24 0.05 0.95% |
| Symbol | CKHUY |
CK Hutchison '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 CK Hutchison'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 CK Hutchison.
| 04/15/2024 |
| 05/15/2024 |
If you would invest 0.00 in CK Hutchison on April 15, 2024 and sell it all today you would earn a total of 0.00 from holding CK Hutchison Holdings or generate 0.0% return on investment in CK Hutchison over 30 days. CK Hutchison is related to or competes with LSI Industries, Qs Servative, Vanguard Total, Monolithic Power, Stoneridge, HP, and IShares Core. CK Hutchison Holdings Limited, an investment holding company, operates in ports and related services, retail, infrastruc... More
CK Hutchison 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 CK Hutchison'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 CK Hutchison Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.76 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 2.2 |
CK Hutchison Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CK Hutchison's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CK Hutchison's standard deviation. In reality, there are many statistical measures that can use CK Hutchison historical prices to predict the future CK Hutchison's volatility.| Risk Adjusted Performance | 0.0238 | |||
| Jensen Alpha | 0.0258 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.3864 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CK Hutchison'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.
CK Hutchison Holdings Backtested Returns
We consider CK Hutchison somewhat reliable. CK Hutchison Holdings retains Efficiency (Sharpe Ratio) of 0.007, which signifies that the company had a 0.007% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for CK Hutchison, which you can use to evaluate the volatility of the firm. Please confirm CK Hutchison's Market Risk Adjusted Performance of 0.3964, standard deviation of 1.42, and Coefficient Of Variation of 3407.73 to double-check if the risk estimate we provide is consistent with the expected return of 0.0099%. The firm owns a Beta (Systematic Risk) of 0.0822, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CK Hutchison's returns are expected to increase less than the market. However, during the bear market, the loss of holding CK Hutchison is expected to be smaller as well. CK Hutchison Holdings today owns a risk of 1.42%. Please confirm CK Hutchison Holdings value at risk, and the relationship between the information ratio and kurtosis , to decide if CK Hutchison Holdings will be following its current price history.
Auto-correlation | 0.71 |
Good predictability
CK Hutchison Holdings has good predictability. Overlapping area represents the amount of predictability between CK Hutchison time series from 15th of April 2024 to 30th of April 2024 and 30th of April 2024 to 15th of May 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 CK Hutchison Holdings price movement. The serial correlation of 0.71 indicates that around 71.0% of current CK Hutchison price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
CK Hutchison Holdings lagged returns against current returns
Autocorrelation, which is CK Hutchison 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 CK Hutchison's pink sheet expected returns. We can calculate the autocorrelation of CK Hutchison returns to help us make a trade decision. For example, suppose you find that CK Hutchison 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 |
CK Hutchison 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 CK Hutchison pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CK Hutchison pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CK Hutchison pink sheet over time.
Current vs Lagged Prices |
| Timeline |
CK Hutchison Lagged Returns
When evaluating CK Hutchison's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CK Hutchison pink sheet have on its future price. CK Hutchison 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, CK Hutchison autocorrelation shows the relationship between CK Hutchison pink sheet current value and its past values and can show if there is a momentum factor associated with investing in CK Hutchison Holdings.
Regressed Prices |
| Timeline |
Pair Trading with CK Hutchison
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 CK Hutchison 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 CK Hutchison will appreciate offsetting losses from the drop in the long position's value.Moving together with CKHUY Pink Sheet
| 0.77 | PKX | POSCO Holdings | PairCorr |
Moving against CKHUY Pink Sheet
| 0.76 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.65 | GE | GE Aerospace Financial Report 23rd of July 2024 | PairCorr |
| 0.54 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.49 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.44 | DD | Dupont De Nemours Sell-off Trend | PairCorr |
The ability to find closely correlated positions to CK Hutchison could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CK Hutchison 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 CK Hutchison - 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 CK Hutchison Holdings to buy it.
The correlation of CK Hutchison 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 CK Hutchison moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CK Hutchison Holdings 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 CK Hutchison 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 CK Hutchison Correlation, CK Hutchison Volatility and CK Hutchison Alpha and Beta module to complement your research on CK Hutchison. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for CKHUY Pink Sheet analysis
When running CK Hutchison's price analysis, check to measure CK Hutchison'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 CK Hutchison is operating at the current time. Most of CK Hutchison's value examination focuses on studying past and present price action to predict the probability of CK Hutchison's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CK Hutchison's price. Additionally, you may evaluate how the addition of CK Hutchison to your portfolios can decrease your overall portfolio volatility.
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CK Hutchison 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.