Hong Kong Exchange Stock Market Value
| HKXCY Stock | USD 28.35 0.77 2.79% |
| Symbol | Hong |
Hong Kong '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 Hong Kong'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 Hong Kong.
| 01/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Hong Kong on January 24, 2024 and sell it all today you would earn a total of 0.00 from holding Hong Kong Exchange or generate 0.0% return on investment in Hong Kong over 90 days. Hong Kong is related to or competes with CME, Nasdaq, SP Global, Moodys, MSCI, Intercontinental, and FactSet Research. Hong Kong Exchanges and Clearing Limited, together with its subsidiaries, owns and operates stock exchanges and futures ... More
Hong Kong 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 Hong Kong'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 Hong Kong Exchange upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 10.51 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 2.86 |
Hong Kong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hong Kong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hong Kong's standard deviation. In reality, there are many statistical measures that can use Hong Kong historical prices to predict the future Hong Kong's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hong Kong'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.
Hong Kong Exchange Backtested Returns
Hong Kong Exchange holds Efficiency (Sharpe) Ratio of -0.0569, which attests that the entity had a -0.0569% return per unit of risk over the last 3 months. Hong Kong Exchange exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hong Kong's Standard Deviation of 2.04, market risk adjusted performance of (0.02), and Risk Adjusted Performance of (0) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.18, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hong Kong will likely underperform. Hong Kong Exchange has an expected return of -0.11%. Please make sure to check out Hong Kong jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Hong Kong Exchange performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Hong Kong Exchange has virtually no predictability. Overlapping area represents the amount of predictability between Hong Kong time series from 24th of January 2024 to 9th of March 2024 and 9th of March 2024 to 23rd 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 Hong Kong Exchange price movement. The serial correlation of 0.01 indicates that just 1.0% of current Hong Kong price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 1.43 |
Hong Kong Exchange lagged returns against current returns
Autocorrelation, which is Hong Kong 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 Hong Kong's pink sheet expected returns. We can calculate the autocorrelation of Hong Kong returns to help us make a trade decision. For example, suppose you find that Hong Kong 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 |
Hong Kong 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 Hong Kong pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hong Kong pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hong Kong pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hong Kong Lagged Returns
When evaluating Hong Kong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hong Kong pink sheet have on its future price. Hong Kong 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, Hong Kong autocorrelation shows the relationship between Hong Kong pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hong Kong Exchange.
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 Hong Kong 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, Hong Kong's short interest history, or implied volatility extrapolated from Hong Kong options trading.
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Try AI Portfolio ArchitectCheck out Hong Kong Correlation, Hong Kong Volatility and Hong Kong Alpha and Beta module to complement your research on Hong Kong. Note that the Hong Kong Exchange information on this page should be used as a complementary analysis to other Hong Kong'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 the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Hong Pink Sheet analysis
When running Hong Kong's price analysis, check to measure Hong Kong'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 Hong Kong is operating at the current time. Most of Hong Kong's value examination focuses on studying past and present price action to predict the probability of Hong Kong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hong Kong's price. Additionally, you may evaluate how the addition of Hong Kong to your portfolios can decrease your overall portfolio volatility.
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Hong Kong 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.