HSBC NASDAQ (UK) Market Value
| HNCS Etf | 8.91 0.09 1.02% |
| Symbol | HSBC |
HSBC NASDAQ '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 NASDAQ'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 NASDAQ.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in HSBC NASDAQ on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding HSBC NASDAQ Global or generate 0.0% return on investment in HSBC NASDAQ over 720 days. HSBC NASDAQ is related to or competes with Vanguard FTSE, Leverage Shares, Amundi Index, Amundi Index, Albion Venture, Leverage Shares, and Leverage Shares. HSBC NASDAQ is entity of United Kingdom. It is traded as Etf on LSE exchange. More
HSBC NASDAQ 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 NASDAQ'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 NASDAQ Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8778 | |||
| Information Ratio | 0.0476 | |||
| Maximum Drawdown | 3.88 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.72 |
HSBC NASDAQ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HSBC NASDAQ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HSBC NASDAQ's standard deviation. In reality, there are many statistical measures that can use HSBC NASDAQ historical prices to predict the future HSBC NASDAQ's volatility.| Risk Adjusted Performance | 0.1455 | |||
| Jensen Alpha | 0.0992 | |||
| Total Risk Alpha | 0.018 | |||
| Sortino Ratio | 0.0507 | |||
| Treynor Ratio | 0.3021 |
HSBC NASDAQ Global Backtested Returns
Currently, HSBC NASDAQ Global is very steady. HSBC NASDAQ Global 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 thirty technical indicators for HSBC NASDAQ, which you can use to evaluate the volatility of the entity. Please check out HSBC NASDAQ's Market Risk Adjusted Performance of 0.3121, semi deviation of 0.636, and Downside Deviation of 0.8778 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. The etf owns a Beta (Systematic Risk) of 0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HSBC NASDAQ's returns are expected to increase less than the market. However, during the bear market, the loss of holding HSBC NASDAQ is expected to be smaller as well.
Auto-correlation | -0.42 |
Modest reverse predictability
HSBC NASDAQ Global has modest reverse predictability. Overlapping area represents the amount of predictability between HSBC NASDAQ time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 NASDAQ Global price movement. The serial correlation of -0.42 indicates that just about 42.0% of current HSBC NASDAQ price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
HSBC NASDAQ Global lagged returns against current returns
Autocorrelation, which is HSBC NASDAQ 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 NASDAQ's etf expected returns. We can calculate the autocorrelation of HSBC NASDAQ returns to help us make a trade decision. For example, suppose you find that HSBC NASDAQ 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 NASDAQ 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 NASDAQ etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HSBC NASDAQ etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HSBC NASDAQ etf over time.
Current vs Lagged Prices |
| Timeline |
HSBC NASDAQ Lagged Returns
When evaluating HSBC NASDAQ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HSBC NASDAQ etf have on its future price. HSBC NASDAQ 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 NASDAQ autocorrelation shows the relationship between HSBC NASDAQ etf current value and its past values and can show if there is a momentum factor associated with investing in HSBC NASDAQ Global.
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 NASDAQ 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 NASDAQ security.