HSBC Hang (Switzerland) Market Value
| HSTE Etf | USD 5.88 0.02 0.34% |
| Symbol | HSBC |
Please note, there is a significant difference between HSBC Hang's value and its price as these two are different measures arrived at by different means. Investors typically determine if HSBC Hang is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HSBC Hang'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 Hang '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 Hang'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 Hang.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in HSBC Hang on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding HSBC Hang Seng or generate 0.0% return on investment in HSBC Hang over 180 days. HSBC Hang is related to or competes with IShares Core, IShares Core, and Lyxor UCITS. More
HSBC Hang 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 Hang'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 Hang Seng upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.77 | |||
| Information Ratio | 0.0699 | |||
| Maximum Drawdown | 16.81 | |||
| Value At Risk | (4.03) | |||
| Potential Upside | 6.91 |
HSBC Hang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HSBC Hang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HSBC Hang's standard deviation. In reality, there are many statistical measures that can use HSBC Hang historical prices to predict the future HSBC Hang's volatility.| Risk Adjusted Performance | 0.0949 | |||
| Jensen Alpha | 0.2293 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0786 | |||
| Treynor Ratio | 0.3807 |
HSBC Hang Seng Backtested Returns
HSBC Hang appears to be slightly risky, given 3 months investment horizon. HSBC Hang Seng retains Efficiency (Sharpe Ratio) of 0.13, which attests that the entity had a 0.13% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for HSBC Hang, which you can use to evaluate the volatility of the entity. Please utilize HSBC Hang's Downside Deviation of 2.77, semi deviation of 2.52, and Market Risk Adjusted Performance of 0.3907 to validate if our risk estimates are consistent with your expectations. The etf owns a Beta (Systematic Risk) of 0.91, which attests to possible diversification benefits within a given portfolio. HSBC Hang returns are very sensitive to returns on the market. As the market goes up or down, HSBC Hang is expected to follow.
Auto-correlation | -0.59 |
Good reverse predictability
HSBC Hang Seng has good reverse predictability. Overlapping area represents the amount of predictability between HSBC Hang time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Hang Seng price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current HSBC Hang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
HSBC Hang Seng lagged returns against current returns
Autocorrelation, which is HSBC Hang 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 Hang's etf expected returns. We can calculate the autocorrelation of HSBC Hang returns to help us make a trade decision. For example, suppose you find that HSBC Hang 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 Hang 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 Hang etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HSBC Hang etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HSBC Hang etf over time.
Current vs Lagged Prices |
| Timeline |
HSBC Hang Lagged Returns
When evaluating HSBC Hang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HSBC Hang etf have on its future price. HSBC Hang 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 Hang autocorrelation shows the relationship between HSBC Hang etf current value and its past values and can show if there is a momentum factor associated with investing in HSBC Hang Seng.
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 Hang 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 Hang security.