Will the Hang Seng Index rise or fall after the Miss Hong Kong finals?
The annual Miss Hong Kong pageant has begun again. Many friends say that now the competition for Miss Hong Kong is no longer about selecting beautiful women from Hong Kong, but has become a pathway to fame. For example, last year, Cherry, who was already a popular internet celebrity, gained even more fame after finishing 5th in the Miss Hong Kong competition. Another example is Ah Yi, who participated in ATV and appeared in commercials and music videos. Although she did not win, she gained fame and money. In my memory, the previous Miss Hong Kong contestants were all elegant and beautiful, and some even had high academic qualifications. At that time, Miss Hong Kong represented a prosperous era in Hong Kong. Regardless of other factors, the likes of Lee Ka-yan, Jessica Hsuan, Michelle Reis, Charmaine Sheh, and Nancy Wu were all very impressive Miss Hong Kong winners. During my childhood, I also watched a TV drama called 'The Legend of Beauty', which told the story of the Miss Hong Kong pageant. It made me entertain the idea of participating in the Miss Hong Kong pageant when I grew up. However, the Miss Hong Kong pageant has completely lost its original charm, and it no longer feels the same. The photos of the contestants for this year's Miss Hong Kong pageant have been released, and the Hong Kong media's comments remain sharp-tongued. However, I think this batch of contestants is quite attractive, and the overall quality is not bad.
In that case, let's see if there is any correlation between the Miss Hong Kong pageant, the Hang Seng Index, and the Dalian Commodity Exchange Iron Ore Futures Price Index. Our public account is called 3047 Iron Ore ETF, so the comparison with iron ore is essential.
First trading day average return after the Miss Hong Kong finals
The Dalian Commodity Exchange Iron Ore Futures Price Index has been compiled since October 2013, so we calculated the returns of the Hang Seng Index and the Dalian Commodity Exchange Iron Ore Futures Price Index on the first trading day after the Miss Hong Kong finals starting from 2014.
The average returns on the first trading day after the Miss Hong Kong finals were -0.51% for the Hang Seng Index and -0.73% for the iron ore index. The iron ore index dropped slightly more than the Hang Seng Index, but overall both had negative returns.
Source of Information: Wanda Mountain Certificate International Asset Management Department
2. Maximum returns after the Miss Hong Kong finals
The maximum return of the Hang Seng Index after the final night was 2.17% on August 26, 2018, while iron ore was 4.21% after September 8, 2019.
3. The minimum return after the Miss Hong Kong Pageant final.
The lowest return of the Hang Seng Index after the final night was -3.36% on September 11, 2016, while iron ore was -3.62% after September 12, 2021.
4. Number of positive return days:
In the past 9 years after the Miss Hong Kong Pageant, the Hang Seng Index has had 3 positive return days, accounting for 33.33%, and iron ore has also had 3 positive return days, accounting for 33.33%.
5. Number of negative return days:
In the past 9 years after the Miss Hong Kong Pageant, the Hang Seng Index had 6 positive return days, accounting for 66.67%, and iron ore also had 6 positive return days, accounting for 66.67%.
Conclusion: After the Miss Hong Kong Pageant, both iron ore and the Hang Seng Index had an average negative return, which was close. However, the maximum return of iron ore is better than that of the Hang Seng Index. Generally, the Miss Hong Kong Pageant is watched more by friends locally. If it's from mainland China, friends from Guangdong may watch more. However, iron ore futures trading is far away in Dalian, so the impact of the Miss Hong Kong Pageant is not significant. However, iron ore itself has relatively high volatility, and recently it has entered a rebound phase, so everyone can pay attention to it.
Source of Information: Wanda Mountain Certificate International Asset Management Department
This article is for entertainment purposes only and does not have any investment reference value.
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