Hong Leong (Malaysia) Price on September 10, 2024

5819 Stock   20.68  0.12  0.58%   
If you're considering investing in Hong Stock, it is important to understand the factors that can impact its price. As of today, the current price of Hong Leong stands at 20.68, as last reported on the 1st of December, with the highest price reaching 20.86 and the lowest price hitting 20.56 during the day. Hong Leong Bank holds Efficiency (Sharpe) Ratio of -0.0102, which attests that the entity had a -0.0102% return per unit of risk over the last 3 months. Hong Leong Bank exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hong Leong's Risk Adjusted Performance of 0.0034, downside deviation of 0.8184, and Market Risk Adjusted Performance of (0.94) to validate the risk estimate we provide.
  
Hong Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0102

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Estimated Market Risk

 0.75
  actual daily
6
94% of assets are more volatile

Expected Return

 -0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Hong Leong is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Hong Leong by adding Hong Leong to a well-diversified portfolio.

Hong Leong Valuation on September 10, 2024

It is possible to determine the worth of Hong Leong on a given historical date. On September 10, 2024 Hong was worth 20.84 at the beginning of the trading date compared to the closed value of 20.86. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hong Leong stock. Still, in general, we apply an absolute valuation method to find Hong Leong's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Hong Leong where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hong Leong's related companies.
 Open High Low Close Volume
  20.41    20.57    20.41    20.51    970,700  
09/10/2024
  20.84    20.88    20.55    20.86    2,538,200  
  20.96    21.17    20.94    21.06    4,839,800  
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Open Value
20.84
20.86
Closing Value
23.10
Upside

Hong Leong Trading Date Momentum on September 10, 2024

On September 11 2024 Hong Leong Bank was traded for  21.06  at the closing time. The highest price during the trading period was 21.17  and the lowest recorded bid was listed for  20.94 . The volume for the day was 4.8 M. This history from September 11, 2024 contributed to the next trading day price upswing. The daily price change to the next closing price was 0.96% . The trading delta at closing time to the current price is 0.10% .

Hong Leong Bank Fundamentals Correlations and Trends

By evaluating Hong Leong's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Hong Leong's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hong financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Hong Leong Stock history

Hong Leong investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Hong is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hong Leong Bank will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Hong Leong stock prices may prove useful in developing a viable investing in Hong Leong

Hong Leong Stock Technical Analysis

Hong Leong technical stock 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, stock market cycles, or different charting patterns.
A focus of Hong Leong technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Hong Leong trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Hong Leong Period Price Range

Low
December 1, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Hong Leong Bank cannot be verified against its exchange. Please verify the symbol is currently traded on Kuala Lumpur Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Hong Leong December 1, 2024 Market Strength

Market strength indicators help investors to evaluate how Hong Leong stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hong Leong shares will generate the highest return on investment. By undertsting and applying Hong Leong stock market strength indicators, traders can identify Hong Leong Bank entry and exit signals to maximize returns

Hong Leong Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Hong Leong's price direction in advance. Along with the technical and fundamental analysis of Hong Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hong to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Other Information on Investing in Hong Stock

Hong Leong financial ratios help investors to determine whether Hong Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hong with respect to the benefits of owning Hong Leong security.