China & Hong Kong Equities
Today’s price sits at the 36.8th percentile of modeled fair value — 63% of modeled scenarios put fair value above the market.
- Median fair value
- 108.0
- Upside to median
- +8.0%
- Last close
- $35.24
- 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
modeled- P90
- +38.0%
- P75
- +23.0%
- Median
- +7.0%
- P25
- -10.0%
- P10
- -26.0%
60% of modeled scenarios end positive.
Valuation-aware 1Y scenario model combining cash yield/carry, sustainable fundamental growth, a conservative fraction of valuation convergence and institutional long-run priors; recent returns excluded.
Three years, annualised
blended- P90
- +15.0%
- P75
- +10.5%
- Median
- +6.2%
- P25
- +1.5%
- P10
- -3.0%
Three-year annualized scenario blend of current cash yield/carry, sustainable growth, gradual valuation normalization and institutional long-run return priors.
Against the Treasury hurdle
- 1y Treasury
- 4.02%
- Expected excess
- +3.0%
- Basis
- direct
DGS1 is the preferred investment-basis one-year hurdle; the expected-return edge is modeled and is not a guaranteed excess return.
9 in this asset class
| Symbol | Valuation | Fair value | Last close | 1y modeled |
|---|---|---|---|---|
| FXI China Large-Cap | +0.8Somewhat cheap | 108.0 | $35.24 | +7.0% |
| KWEB China Internet Sector | +0.8Somewhat cheap | 108.0 | $26.10 | +7.0% |
| ASHR China A-Shares | +0.8Somewhat cheap | 108.0 | $34.56 | +7.0% |
| CQQQ China Technology Sector | +0.8Somewhat cheap | 108.0 | $49.02 | +7.0% |
| CHIQ China Consumer Sector | +0.8Somewhat cheap | 108.0 | $17.40 | +7.0% |
| EWH Hong Kong Broad Market | +0.8Somewhat cheap | 108.0 | $22.96 | +7.0% |
| 2800.HK Hang Seng Index Tracker | +0.8Somewhat cheap | 108.0 | $26.02 | +7.0% |
| 3033.HK Hang Seng Technology Index | +0.8Somewhat cheap | 108.0 | $4.50 | +7.0% |
| 3110.HK Hong Kong High-Dividend Equity | +0.8Somewhat cheap | 108.0 | $31.76 | +7.0% |