Hang Lung Properties Stock Market Value
| HLPPY Stock | USD 5.44 0.03 0.55% |
| Symbol | Hang |
Hang Lung '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 Lung'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 Hang Lung.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Hang Lung on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Hang Lung Properties or generate 0.0% return on investment in Hang Lung over 30 days. Hang Lung is related to or competes with IRSA Inversiones, Anywhere Real, Newmark, Wharf Real, New York, CBRE Group, and Frp Holdings. Hang Lung Properties Limited, an investment holding company, engages in the property investment, development, and manage... More
Hang Lung 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 Lung'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 Hang Lung Properties upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 10.71 | |||
| Value At Risk | (3.68) | |||
| Potential Upside | 3.11 |
Hang Lung Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hang Lung's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hang Lung's standard deviation. In reality, there are many statistical measures that can use Hang Lung historical prices to predict the future Hang Lung's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.34) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hang Lung'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.
Hang Lung Properties Backtested Returns
Hang Lung Properties holds Efficiency (Sharpe) Ratio of -0.0912, which attests that the entity had a -0.0912% return per unit of risk over the last 3 months. Hang Lung Properties exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hang Lung's Standard Deviation of 2.17, market risk adjusted performance of (0.33), and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hang Lung's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hang Lung is expected to be smaller as well. Hang Lung Properties has an expected return of -0.19%. Please make sure to check out Hang Lung jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Hang Lung Properties performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Hang Lung Properties has modest predictability. Overlapping area represents the amount of predictability between Hang Lung time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 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 Hang Lung Properties price movement. The serial correlation of 0.52 indicates that about 52.0% of current Hang Lung price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Hang Lung Properties lagged returns against current returns
Autocorrelation, which is Hang Lung 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 Hang Lung's pink sheet expected returns. We can calculate the autocorrelation of Hang Lung returns to help us make a trade decision. For example, suppose you find that Hang Lung 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 |
Hang Lung 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 Lung pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hang Lung pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hang Lung pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hang Lung Lagged Returns
When evaluating Hang Lung's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hang Lung pink sheet have on its future price. Hang Lung 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 Lung autocorrelation shows the relationship between Hang Lung pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hang Lung Properties.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Hang Lung in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Hang Lung's short interest history, or implied volatility extrapolated from Hang Lung options trading.
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Complementary Tools for Hang Pink Sheet analysis
When running Hang Lung's price analysis, check to measure Hang Lung'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 Lung is operating at the current time. Most of Hang Lung's value examination focuses on studying past and present price action to predict the probability of Hang Lung's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hang Lung's price. Additionally, you may evaluate how the addition of Hang Lung to your portfolios can decrease your overall portfolio volatility.
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Hang Lung 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.