Hongkong's market value is the price at which a share of Hongkong trades on a public exchange. It measures the collective expectations of The Hongkong and investors about its performance. Hongkong is trading at 0.75 as of the 7th of January 2025. This is a 1.35 percent increase since the beginning of the trading day. The stock's lowest day price was 0.75. With this module, you can estimate the performance of a buy and hold strategy of The Hongkong and and determine expected loss or profit from investing in Hongkong over a given investment horizon. Check out Hongkong Correlation, Hongkong Volatility and Hongkong Alpha and Beta module to complement your research on Hongkong.
Please note, there is a significant difference between Hongkong's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hongkong is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hongkong'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.
Hongkong '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'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.
0.00
12/08/2024
No Change 0.00
0.0
In 31 days
01/07/2025
0.00
If you would invest 0.00 in Hongkong on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding The Hongkong and or generate 0.0% return on investment in Hongkong over 30 days. Hongkong is related to or competes with QURATE RETAIL, Broadcom, WT OFFSHORE, TEXAS ROADHOUSE, GOLD ROAD, EVS Broadcast, and QUEEN S. The Hongkong and Shanghai Hotels, Limited, an investment holding company, engages in the ownership, development, and man... More
Hongkong 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'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 The Hongkong and 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 Hongkong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hongkong's standard deviation. In reality, there are many statistical measures that can use Hongkong historical prices to predict the future Hongkong's volatility.
Hongkong appears to be dangerous, given 3 months investment horizon. The Hongkong holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for The Hongkong, which you can use to evaluate the volatility of the firm. Please utilize Hongkong's Risk Adjusted Performance of 0.0946, market risk adjusted performance of 0.4148, and Downside Deviation of 3.63 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hongkong holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 0.8, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hongkong's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hongkong is expected to be smaller as well. Please check Hongkong's downside deviation, total risk alpha, value at risk, as well as the relationship between the information ratio and treynor ratio , to make a quick decision on whether Hongkong's current trending patterns will revert.
Auto-correlation
0.72
Good predictability
The Hongkong and has good predictability. Overlapping area represents the amount of predictability between Hongkong time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th 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 The Hongkong price movement. The serial correlation of 0.72 indicates that around 72.0% of current Hongkong price fluctuation can be explain by its past prices.
Correlation Coefficient
0.72
Spearman Rank Test
0.89
Residual Average
0.0
Price Variance
0.0
The Hongkong lagged returns against current returns
Autocorrelation, which is Hongkong 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's stock expected returns. We can calculate the autocorrelation of Hongkong returns to help us make a trade decision. For example, suppose you find that Hongkong 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hongkong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hongkong stock over time.
Current vs Lagged Prices
Timeline
Hongkong Lagged Returns
When evaluating Hongkong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hongkong stock have on its future price. Hongkong 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 autocorrelation shows the relationship between Hongkong stock current value and its past values and can show if there is a momentum factor associated with investing in The Hongkong and.
Hongkong 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 security.