Hong Leong (Malaysia) Market Value
| 5819 Stock | 20.30 0.26 1.30% |
| Symbol | Hong |
Hong Leong '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 Leong's stock 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 Leong.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Hong Leong on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Hong Leong Bank or generate 0.0% return on investment in Hong Leong over 90 days. Hong Leong is related to or competes with ONETECH SOLUTIONS, MClean Technologies, Diversified Gateway, Senheng New, Malayan Banking, Sports Toto, and Carlsberg Brewery. More
Hong Leong 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 Leong's stock 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 Leong Bank upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.123 | |||
| Maximum Drawdown | 4.5 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.3 |
Hong Leong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hong Leong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hong Leong's standard deviation. In reality, there are many statistical measures that can use Hong Leong historical prices to predict the future Hong Leong's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 0.0153 | |||
| Total Risk Alpha | 0.0849 | |||
| Treynor Ratio | (0.05) |
Hong Leong Bank Backtested Returns
As of now, Hong Stock is very steady. Hong Leong Bank holds Efficiency (Sharpe) Ratio of 0.0535, which attests that the entity had a 0.0535 % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Hong Leong Bank, which you can use to evaluate the volatility of the firm. Please check out Hong Leong's Market Risk Adjusted Performance of (0.04), standard deviation of 0.781, and insignificant Risk Adjusted Performance to validate if the risk estimate we provide is consistent with the expected return of 0.0411%. Hong Leong has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hong Leong's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hong Leong is expected to be smaller as well. Hong Leong Bank right now retains a risk of 0.77%. Please check out Hong Leong total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Hong Leong will be following its current trending patterns.
Auto-correlation | -0.5 |
Modest reverse predictability
Hong Leong Bank has modest reverse predictability. Overlapping area represents the amount of predictability between Hong Leong time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. 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 Leong Bank price movement. The serial correlation of -0.5 indicates that about 50.0% of current Hong Leong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Hong Leong Bank lagged returns against current returns
Autocorrelation, which is Hong Leong stock'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 Leong's stock expected returns. We can calculate the autocorrelation of Hong Leong returns to help us make a trade decision. For example, suppose you find that Hong Leong has exhibited high autocorrelation historically, and you observe that the stock 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 Leong 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 Leong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hong Leong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hong Leong stock over time.
Current vs Lagged Prices |
| Timeline |
Hong Leong Lagged Returns
When evaluating Hong Leong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hong Leong stock have on its future price. Hong Leong 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 Leong autocorrelation shows the relationship between Hong Leong stock current value and its past values and can show if there is a momentum factor associated with investing in Hong Leong Bank.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.