Hongkong Land (Germany) Market Value
| HLH Stock | EUR 4.10 0.06 1.44% |
| Symbol | Hongkong |
Hongkong Land '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 Hongkong Land'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 Hongkong Land.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in Hongkong Land on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding Hongkong Land Holdings or generate 0.0% return on investment in Hongkong Land over 180 days. Hongkong Land is related to or competes with Sun Hung, China Overseas, CHINA VANKE, Longfor Group, Mitsui Fudosan, Mitsubishi Estate, and Daiwa House. Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management o... More
Hongkong Land 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 Hongkong Land'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 Hongkong Land Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | 0.1169 | |||
| Maximum Drawdown | 17.51 | |||
| Value At Risk | (3.38) | |||
| Potential Upside | 5.69 |
Hongkong Land Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hongkong Land's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hongkong Land's standard deviation. In reality, there are many statistical measures that can use Hongkong Land historical prices to predict the future Hongkong Land's volatility.| Risk Adjusted Performance | 0.1085 | |||
| Jensen Alpha | 0.3813 | |||
| Total Risk Alpha | 0.2874 | |||
| Sortino Ratio | 0.1646 | |||
| Treynor Ratio | (0.79) |
Hongkong Land Holdings Backtested Returns
Hongkong Land appears to be relatively risky, given 3 months investment horizon. Hongkong Land Holdings holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hongkong Land Holdings, which you can use to evaluate the volatility of the firm. Please utilize Hongkong Land's Market Risk Adjusted Performance of (0.78), risk adjusted performance of 0.1085, and Downside Deviation of 2.12 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hongkong Land holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of -0.47, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hongkong Land are expected to decrease at a much lower rate. During the bear market, Hongkong Land is likely to outperform the market. Please check Hongkong Land's information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Hongkong Land's current trending patterns will revert.
Auto-correlation | 0.72 |
Good predictability
Hongkong Land Holdings has good predictability. Overlapping area represents the amount of predictability between Hongkong Land time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd of December 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 Hongkong Land Holdings price movement. The serial correlation of 0.72 indicates that around 72.0% of current Hongkong Land price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Hongkong Land Holdings lagged returns against current returns
Autocorrelation, which is Hongkong Land 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 Hongkong Land's stock expected returns. We can calculate the autocorrelation of Hongkong Land returns to help us make a trade decision. For example, suppose you find that Hongkong Land 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 |
Hongkong Land 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 Hongkong Land stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hongkong Land stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hongkong Land stock over time.
Current vs Lagged Prices |
| Timeline |
Hongkong Land Lagged Returns
When evaluating Hongkong Land's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hongkong Land stock have on its future price. Hongkong Land 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, Hongkong Land autocorrelation shows the relationship between Hongkong Land stock current value and its past values and can show if there is a momentum factor associated with investing in Hongkong Land Holdings.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hongkong Stock
Hongkong Land financial ratios help investors to determine whether Hongkong 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 Hongkong with respect to the benefits of owning Hongkong Land security.