HSBC SP (France) Market Value
| HSPA Etf | 39.75 0.00 0.00% |
| Symbol | HSBC |
HSBC SP '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 SP'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 SP.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in HSBC SP on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding HSBC SP 500 or generate 0.0% return on investment in HSBC SP over 360 days.
HSBC SP 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 SP'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 SP 500 upside and downside potential and time the market with a certain degree of confidence.
HSBC SP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HSBC SP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HSBC SP's standard deviation. In reality, there are many statistical measures that can use HSBC SP historical prices to predict the future HSBC SP's volatility.HSBC SP 500 Backtested Returns
We have found three technical indicators for HSBC SP, which you can use to evaluate the volatility of the entity. The etf owns a Beta (Systematic Risk) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and HSBC SP are completely uncorrelated.
Auto-correlation | -92,233,720,368,547,760 |
Near perfect reversele predictability
HSBC SP 500 has near perfect reversele predictability. Overlapping area represents the amount of predictability between HSBC SP time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd 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 SP 500 price movement. The serial correlation of -9.223372036854776E16 indicates that 9.223372036854776E16% of current HSBC SP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -92233.7 T | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HSBC SP 500 lagged returns against current returns
Autocorrelation, which is HSBC SP 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 SP's etf expected returns. We can calculate the autocorrelation of HSBC SP returns to help us make a trade decision. For example, suppose you find that HSBC SP 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 SP 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 SP etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HSBC SP etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HSBC SP etf over time.
Current vs Lagged Prices |
| Timeline |
HSBC SP Lagged Returns
When evaluating HSBC SP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HSBC SP etf have on its future price. HSBC SP 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 SP autocorrelation shows the relationship between HSBC SP etf current value and its past values and can show if there is a momentum factor associated with investing in HSBC SP 500.
Regressed Prices |
| Timeline |