HSBC EMERGING (Switzerland) Market Value
| HSEM Etf | USD 15.26 0.04 0.26% |
| Symbol | HSBC |
Please note, there is a significant difference between HSBC EMERGING's value and its price as these two are different measures arrived at by different means. Investors typically determine if HSBC EMERGING is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HSBC EMERGING'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 EMERGING '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 EMERGING'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 EMERGING.
| 10/28/2024 |
| 11/27/2024 |
HSBC EMERGING 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 EMERGING'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 EMERGING MARKET upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 5.24 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 1.61 |
HSBC EMERGING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HSBC EMERGING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HSBC EMERGING's standard deviation. In reality, there are many statistical measures that can use HSBC EMERGING historical prices to predict the future HSBC EMERGING's volatility.| Risk Adjusted Performance | 0.0367 | |||
| Jensen Alpha | 0.0177 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.2423 |
HSBC EMERGING MARKET Backtested Returns
At this stage we consider HSBC Etf to be very steady. HSBC EMERGING MARKET retains Efficiency (Sharpe Ratio) of 0.0452, which attests that the entity had a 0.0452% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for HSBC EMERGING, which you can use to evaluate the volatility of the entity. Please check out HSBC EMERGING's Market Risk Adjusted Performance of 0.2523, downside deviation of 1.18, and Semi Deviation of 0.852 to validate if the risk estimate we provide is consistent with the expected return of 0.046%. The etf owns a Beta (Systematic Risk) of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HSBC EMERGING's returns are expected to increase less than the market. However, during the bear market, the loss of holding HSBC EMERGING is expected to be smaller as well.
Auto-correlation | 0.31 |
Below average predictability
HSBC EMERGING MARKET has below average predictability. Overlapping area represents the amount of predictability between HSBC EMERGING time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 EMERGING MARKET price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current HSBC EMERGING price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
HSBC EMERGING MARKET lagged returns against current returns
Autocorrelation, which is HSBC EMERGING 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 EMERGING's etf expected returns. We can calculate the autocorrelation of HSBC EMERGING returns to help us make a trade decision. For example, suppose you find that HSBC EMERGING 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 EMERGING 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 EMERGING etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HSBC EMERGING etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HSBC EMERGING etf over time.
Current vs Lagged Prices |
| Timeline |
HSBC EMERGING Lagged Returns
When evaluating HSBC EMERGING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HSBC EMERGING etf have on its future price. HSBC EMERGING 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 EMERGING autocorrelation shows the relationship between HSBC EMERGING etf current value and its past values and can show if there is a momentum factor associated with investing in HSBC EMERGING MARKET.
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 EMERGING 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 EMERGING security.