HSBC Bloomberg (UK) Market Value
| HAGG Etf | 10.38 0.05 0.48% |
| Symbol | HSBC |
Please note, there is a significant difference between HSBC Bloomberg's value and its price as these two are different measures arrived at by different means. Investors typically determine if HSBC Bloomberg is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HSBC Bloomberg'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.
HSBC Bloomberg '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 HSBC Bloomberg's etf 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 HSBC Bloomberg.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in HSBC Bloomberg on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding HSBC Bloomberg Global or generate 0.0% return on investment in HSBC Bloomberg over 30 days. HSBC Bloomberg is related to or competes with HSBC FTSE, HSBC SP, HSBC NASDAQ, and HSBC Emerging. HSBC Bloomberg is entity of United Kingdom More
HSBC Bloomberg 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 HSBC Bloomberg's etf 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 HSBC Bloomberg Global upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.67) | |||
| Maximum Drawdown | 1.33 | |||
| Value At Risk | (0.38) | |||
| Potential Upside | 0.3781 |
HSBC Bloomberg Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HSBC Bloomberg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HSBC Bloomberg's standard deviation. In reality, there are many statistical measures that can use HSBC Bloomberg historical prices to predict the future HSBC Bloomberg's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 34.11 |
HSBC Bloomberg Global Backtested Returns
HSBC Bloomberg Global retains Efficiency (Sharpe Ratio) of -0.12, which attests that the entity had a -0.12% return per unit of return volatility over the last 3 months. HSBC Bloomberg exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HSBC Bloomberg's Coefficient Of Variation of (694.07), standard deviation of 0.2384, and Market Risk Adjusted Performance of 34.12 to validate the risk estimate we provide. The etf owns a Beta (Systematic Risk) of -0.0013, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HSBC Bloomberg are expected to decrease at a much lower rate. During the bear market, HSBC Bloomberg is likely to outperform the market.
Auto-correlation | -0.22 |
Weak reverse predictability
HSBC Bloomberg Global has weak reverse predictability. Overlapping area represents the amount of predictability between HSBC Bloomberg time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of HSBC Bloomberg Global price movement. The serial correlation of -0.22 indicates that over 22.0% of current HSBC Bloomberg price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HSBC Bloomberg Global lagged returns against current returns
Autocorrelation, which is HSBC Bloomberg etf'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 HSBC Bloomberg's etf expected returns. We can calculate the autocorrelation of HSBC Bloomberg returns to help us make a trade decision. For example, suppose you find that HSBC Bloomberg has exhibited high autocorrelation historically, and you observe that the etf 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 |
HSBC Bloomberg 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 HSBC Bloomberg etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HSBC Bloomberg etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HSBC Bloomberg etf over time.
Current vs Lagged Prices |
| Timeline |
HSBC Bloomberg Lagged Returns
When evaluating HSBC Bloomberg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HSBC Bloomberg etf have on its future price. HSBC Bloomberg 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, HSBC Bloomberg autocorrelation shows the relationship between HSBC Bloomberg etf current value and its past values and can show if there is a momentum factor associated with investing in HSBC Bloomberg Global.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in HSBC Etf
HSBC Bloomberg financial ratios help investors to determine whether HSBC Etf 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 HSBC with respect to the benefits of owning HSBC Bloomberg security.