Hang Seng's market value is the price at which a share of Hang Seng trades on a public exchange. It measures the collective expectations of Hang Seng Bank investors about its performance. Hang Seng is trading at 11.40 as of the 8th of January 2025. This is a 1.72 percent decrease since the beginning of the trading day. The stock's lowest day price was 11.4. With this module, you can estimate the performance of a buy and hold strategy of Hang Seng Bank and determine expected loss or profit from investing in Hang Seng over a given investment horizon. Check out Hang Seng Correlation, Hang Seng Volatility and Hang Seng Alpha and Beta module to complement your research on Hang Seng.
Please note, there is a significant difference between Hang Seng's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hang Seng is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hang Seng'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.
Hang Seng '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 Hang Seng'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 Hang Seng.
0.00
12/09/2024
No Change 0.00
0.0
In 31 days
01/08/2025
0.00
If you would invest 0.00 in Hang Seng on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Hang Seng Bank or generate 0.0% return on investment in Hang Seng over 30 days. Hang Seng is related to or competes with HDFC Bank, PT Bank, PT Bank, Superior Plus, NMI Holdings, SIVERS SEMICONDUCTORS, and Talanx AG. Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to indiv... More
Hang Seng 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 Hang Seng'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 Hang Seng Bank upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hang Seng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hang Seng's standard deviation. In reality, there are many statistical measures that can use Hang Seng historical prices to predict the future Hang Seng's volatility.
Hang Seng appears to be not too volatile, given 3 months investment horizon. Hang Seng Bank holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hang Seng Bank, which you can use to evaluate the volatility of the firm. Please utilize Hang Seng's Market Risk Adjusted Performance of 0.7187, downside deviation of 1.79, and Risk Adjusted Performance of 0.0982 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hang Seng holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.3, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hang Seng's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hang Seng is expected to be smaller as well. Please check Hang Seng'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 Hang Seng's current trending patterns will revert.
Auto-correlation
0.69
Good predictability
Hang Seng Bank has good predictability. Overlapping area represents the amount of predictability between Hang Seng time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th of January 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 Hang Seng Bank price movement. The serial correlation of 0.69 indicates that around 69.0% of current Hang Seng price fluctuation can be explain by its past prices.
Correlation Coefficient
0.69
Spearman Rank Test
0.83
Residual Average
0.0
Price Variance
0.02
Hang Seng Bank lagged returns against current returns
Autocorrelation, which is Hang Seng 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 Hang Seng's stock expected returns. We can calculate the autocorrelation of Hang Seng returns to help us make a trade decision. For example, suppose you find that Hang Seng 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
Hang Seng 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 Hang Seng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hang Seng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hang Seng stock over time.
Current vs Lagged Prices
Timeline
Hang Seng Lagged Returns
When evaluating Hang Seng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hang Seng stock have on its future price. Hang Seng 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, Hang Seng autocorrelation shows the relationship between Hang Seng stock current value and its past values and can show if there is a momentum factor associated with investing in Hang Seng Bank.
Hang Seng financial ratios help investors to determine whether Hang 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 Hang with respect to the benefits of owning Hang Seng security.