HSBC ETFs (UK) Market Value
| HMUD Etf | 58.53 0.19 0.33% |
| Symbol | HSBC |
HSBC ETFs '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 ETFs' 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 ETFs.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in HSBC ETFs on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding HSBC ETFs Public or generate 0.0% return on investment in HSBC ETFs over 720 days. HSBC ETFs is related to or competes with HSBC FTSE, HSBC SP, HSBC NASDAQ, and HSBC Emerging. HSBC ETFs is entity of United Kingdom. It is traded as Etf on LSE exchange. More
HSBC ETFs 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 ETFs' 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 ETFs Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7645 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.29 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.21 |
HSBC ETFs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HSBC ETFs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HSBC ETFs' standard deviation. In reality, there are many statistical measures that can use HSBC ETFs historical prices to predict the future HSBC ETFs' volatility.| Risk Adjusted Performance | 0.1287 | |||
| Jensen Alpha | 0.0835 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.4328 |
HSBC ETFs Public Backtested Returns
Currently, HSBC ETFs Public is very steady. HSBC ETFs Public retains Efficiency (Sharpe Ratio) of 0.19, which attests that the entity had a 0.19% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for HSBC ETFs, which you can use to evaluate the volatility of the entity. Please check out HSBC ETFs' Downside Deviation of 0.7645, semi deviation of 0.5793, and Market Risk Adjusted Performance of 0.4428 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. The etf owns a Beta (Systematic Risk) of 0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HSBC ETFs' returns are expected to increase less than the market. However, during the bear market, the loss of holding HSBC ETFs is expected to be smaller as well.
Auto-correlation | 0.82 |
Very good predictability
HSBC ETFs Public has very good predictability. Overlapping area represents the amount of predictability between HSBC ETFs time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 ETFs Public price movement. The serial correlation of 0.82 indicates that around 82.0% of current HSBC ETFs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 13.27 |
HSBC ETFs Public lagged returns against current returns
Autocorrelation, which is HSBC ETFs 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 ETFs' etf expected returns. We can calculate the autocorrelation of HSBC ETFs returns to help us make a trade decision. For example, suppose you find that HSBC ETFs 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 ETFs 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 ETFs etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HSBC ETFs etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HSBC ETFs etf over time.
Current vs Lagged Prices |
| Timeline |
HSBC ETFs Lagged Returns
When evaluating HSBC ETFs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HSBC ETFs etf have on its future price. HSBC ETFs 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 ETFs autocorrelation shows the relationship between HSBC ETFs etf current value and its past values and can show if there is a momentum factor associated with investing in HSBC ETFs Public.
Regressed Prices |
| Timeline |
Also Currently Popular
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 ETFs 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 ETFs security.