Hsbc Opportunity Fund Market Value
| HSOAX Fund | USD 10.67 0.01 0.09% |
| Symbol | HSBC |
Hsbc Opportunity '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 Opportunity's mutual fund 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 Opportunity.
| 10/04/2024 |
| 12/03/2024 |
If you would invest 0.00 in Hsbc Opportunity on October 4, 2024 and sell it all today you would earn a total of 0.00 from holding Hsbc Opportunity Fund or generate 0.0% return on investment in Hsbc Opportunity over 60 days. Hsbc Opportunity is related to or competes with Opportunity Fund, American Funds, William Blair, Janus Forty, Brokerage And, and Strategic Advisers. The fund seeks to achieve its investment objective by investing all of its assets in the Portfolio, which has the same i... More
Hsbc Opportunity 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 Opportunity's mutual fund 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 Opportunity Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | 0.0126 | |||
| Maximum Drawdown | 5.07 | |||
| Value At Risk | (1.48) | |||
| Potential Upside | 1.85 |
Hsbc Opportunity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hsbc Opportunity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hsbc Opportunity's standard deviation. In reality, there are many statistical measures that can use Hsbc Opportunity historical prices to predict the future Hsbc Opportunity's volatility.| Risk Adjusted Performance | 0.1049 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0121 | |||
| Treynor Ratio | 0.1104 |
Hsbc Opportunity Backtested Returns
At this stage we consider HSBC Mutual Fund to be very steady. Hsbc Opportunity holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hsbc Opportunity, which you can use to evaluate the volatility of the entity. Please check out Hsbc Opportunity's Downside Deviation of 1.07, risk adjusted performance of 0.1049, and Market Risk Adjusted Performance of 0.1204 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. The fund retains a Market Volatility (i.e., Beta) of 1.15, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hsbc Opportunity will likely underperform.
Auto-correlation | -0.36 |
Poor reverse predictability
Hsbc Opportunity Fund has poor reverse predictability. Overlapping area represents the amount of predictability between Hsbc Opportunity time series from 4th of October 2024 to 3rd of November 2024 and 3rd of November 2024 to 3rd 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 Opportunity price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Hsbc Opportunity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Hsbc Opportunity lagged returns against current returns
Autocorrelation, which is Hsbc Opportunity mutual fund'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 Opportunity's mutual fund expected returns. We can calculate the autocorrelation of Hsbc Opportunity returns to help us make a trade decision. For example, suppose you find that Hsbc Opportunity has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Opportunity 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 Opportunity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hsbc Opportunity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hsbc Opportunity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Hsbc Opportunity Lagged Returns
When evaluating Hsbc Opportunity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hsbc Opportunity mutual fund have on its future price. Hsbc Opportunity 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 Opportunity autocorrelation shows the relationship between Hsbc Opportunity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Hsbc Opportunity Fund.
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 Mutual Fund
Hsbc Opportunity financial ratios help investors to determine whether HSBC Mutual Fund 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 Opportunity security.
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal |