China & Hong Kong Equities
Today’s price sits at the 18.0th percentile of modeled fair value — 82% of modeled scenarios put fair value above the market.
- Median fair value
- 112.0
- Upside to median
- +12.0%
- Last close
- $55.08
- Confidence
- high
Return distributions, not point forecasts
Percentiles describe the spread of scenario outcomes under the stated method. The width of the range carries as much information as the midpoint.
One year
blended- P90
- +39.0%
- P75
- +23.0%
- Median
- +8.0%
- P25
- -6.0%
- P10
- -20.0%
64% of modeled scenarios end positive.
Blended current fundamentals, income, valuation-convergence scenarios and institutional long-run return priors; long-run averages are used only as priors, not one-year forecasts.
Three years, annualised
blended- P90
- +17.0%
- P75
- +12.0%
- Median
- +7.0%
- P25
- +2.0%
- P10
- -3.0%
Blended current fundamentals, income, valuation-convergence scenarios and institutional long-run return priors; long-run averages are used only as priors, not one-year forecasts.
Against the Treasury hurdle
- 1y Treasury
- 4.03%
- Expected excess
- +4.0%
- Basis
- direct
DGS1 is the preferred current one-year annual-return hurdle; expected excess is a modeled spread, not a guaranteed excess return.
10 in this asset class
| Symbol | Valuation | Fair value | Last close | 1y modeled |
|---|---|---|---|---|
| 2800.HK Hang Seng Index Tracker | +1.9Cheap | 112.0 | $26.42 | +8.0% |
| 3033.HK Hang Seng Technology Index | +1.9Cheap | 112.0 | $4.82 | +8.0% |
| 3110.HK Hong Kong High-Dividend Equity | +1.9Cheap | 112.0 | $31.04 | +8.0% |
| ASHR China A-Shares | +1.9Cheap | 112.0 | $35.03 | +8.0% |
| CHIQ China Consumer Sector | +1.9Cheap | 112.0 | $17.99 | +8.0% |
| CQQQ China Technology Sector | +1.9Cheap | 112.0 | $51.90 | +8.0% |
| EWH Hong Kong Broad Market | +1.9Cheap | 112.0 | $22.45 | +8.0% |
| FXI China Large-Cap | +1.9Cheap | 112.0 | $35.23 | +8.0% |
| KWEB China Internet Sector | +1.9Cheap | 112.0 | $27.54 | +8.0% |
| MCHI China Broad Market | +1.9Cheap | 112.0 | $55.08 | +8.0% |