HLPPY OTC Stock Volatility

HLPPY -  USA Stock  

USD 12.06  0.30  2.55%

We consider Hang Lung not too volatile. Hang Lung Ppy holds Efficiency (Sharpe) Ratio of 0.002, which attests that the entity had 0.002% of return per unit of risk over the last 3 months. Our standpoint towards determining the 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 Hang Lung Ppy, which you can use to evaluate the future volatility of the firm. Please check out Hang Lung Downside Deviation of 2.06, risk adjusted performance of 0.0099, and Market Risk Adjusted Performance of 0.0111 to validate if the risk estimate we provide is consistent with the expected return of 0.0041%.

HLPPY Volatility 

 
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Hang Lung OTC Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of HLPPY daily returns, and it is calculated using variance and standard deviation. We also use HLPPY's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Hang Lung volatility.

30 Days Market Risk

Not too volatile

Chance of Distress

Close to Average

30 Days Economic Sensitivity

Almost neglects market trends

Hang Lung Market Sensitivity And Downside Risk

Hang Lung's beta coefficient measures the volatility of HLPPY otc stock compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents HLPPY otc stock's returns against your selected market. In other words, Hang Lung's beta of -0.31 provides an investor with an approximation of how much risk Hang Lung otc stock can potentially add to one of your existing portfolios.
Let's try to break down what HLPPY's beta means in this case. As returns on the market increase, returns on owning Hang Lung are expected to decrease at a much lower rate. During the bear market, Hang Lung is likely to outperform the market.
3 Months Beta |Analyze Hang Lung Ppy Demand Trend
Check current 90 days Hang Lung correlation with market (DOW)

HLPPY Beta

    
  -0.31  
HLPPY standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  2.0  
It is essential to understand the difference between upside risk (as represented by Hang Lung's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Hang Lung stock's daily returns or price. Since the actual investment returns on holding a position in Hang Lung stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Hang Lung.

Hang Lung Ppy OTC Stock Volatility Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Hang Lung Ppy Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Hang Lung Projected Return Density Against Market

Assuming the 90 days horizon Hang Lung Ppy has a beta of -0.315 . This usually indicates as returns on benchmark increase, returns on holding Hang Lung are expected to decrease at a much lower rate. During the bear market, however, Hang Lung Ppy is likely to outperform the market.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Hang Lung or Real Estate sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Hang Lung stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a HLPPY stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has an alpha of 0.0082, implying that it can generate a 0.0082 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 

Hang Lung OTC Stock Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Hang Lung or Real Estate sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Hang Lung stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a HLPPY stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Assuming the 90 days horizon the coefficient of variation of Hang Lung is 48782.95. The daily returns are distributed with a variance of 4.0 and standard deviation of 2.0. The mean deviation of Hang Lung Ppy is currently at 1.56. For similar time horizon, the selected benchmark (DOW) has volatility of 0.71
α
Alpha over DOW
0.0082
β
Beta against DOW-0.32
σ
Overall volatility
2.00
Ir
Information ratio -0.01

Hang Lung OTC Stock Return Volatility

Hang Lung historical daily return volatility represents how much Hang Lung stock's price daily returns swing around its mean daily price change - it is a statistical measure of its dispersion of returns. The company shows 2.0009% volatility of returns over 90 . By contrast, DOW inherits 0.7131% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
      Timeline 

About Hang Lung Volatility

Volatility is a rate at which the price of Hang Lung or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Hang Lung may increase or decrease. In other words, similar to HLPPY's beta indicator, it measures the risk of Hang Lung and helps estimate the fluctuations that may happen in a short period of time. So if prices of Hang Lung fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
Hang Lung Properties Limited, an investment holding company, engages in the property investment, development, and management activities in Hong Kong and Mainland China. Hang Lung Properties Limited is a subsidiary of Hang Lung Group Limited. Hang Lung operates under Real Estate Services classification in the United States and is traded on OTC Exchange. It employs 4219 people.

Hang Lung Investment Opportunity

Hang Lung Ppy has a volatility of 2.0 and is 2.82 times more volatile than DOW. 17  of all equities and portfolios are less risky than Hang Lung. Compared to the overall equity markets, volatility of historical daily returns of Hang Lung Ppy is lower than 17 () of all global equities and portfolios over the last 90 days. Use Hang Lung Ppy to enhance returns of your portfolios. The otc stock experiences an expected bullish sentiment for its category. Check odds of Hang Lung to be traded at $14.47 in 90 days. . Let's try to break down what HLPPY's beta means in this case. As returns on the market increase, returns on owning Hang Lung are expected to decrease at a much lower rate. During the bear market, Hang Lung is likely to outperform the market.

Good diversification

The correlation between Hang Lung Ppy and DJI is Good diversification for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hang Lung Ppy and DJI in the same portfolio assuming nothing else is changed.

Hang Lung Additional Risk Indicators

The analysis of Hang Lung's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Hang Lung's investment and either accepting that risk or mitigating it. Along with some common measures of Hang Lung stock risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Risk Adjusted Performance0.0099
Market Risk Adjusted Performance0.0111
Mean Deviation1.49
Semi Deviation1.99
Downside Deviation2.06
Coefficient Of Variation20103.78
Standard Deviation1.94
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Hang Lung Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
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The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Hang Lung as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Hang Lung's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Hang Lung's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Hang Lung Ppy.
Please check Risk vs Return Analysis. Note that the Hang Lung Ppy information on this page should be used as a complementary analysis to other Hang Lung'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running Hang Lung Ppy 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 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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The market value of Hang Lung Ppy is measured differently than its book value, which is the value of HLPPY that is recorded on the company's balance sheet. Investors also form their own opinion of Hang Lung's value that differs from its market value or its book value, called intrinsic value, which is Hang Lung's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hang Lung's market value can be influenced by many factors that don't directly affect Hang Lung Ppy underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hang Lung's value and its price as these two are different measures arrived at by different means. Investors typically determine Hang Lung value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hang Lung'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.