HSBC USA (France) Market Value
| HSUD Etf | EUR 29.81 0.06 0.20% |
| Symbol | HSBC |
Please note, there is a significant difference between HSBC USA's value and its price as these two are different measures arrived at by different means. Investors typically determine if HSBC USA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HSBC USA'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 USA '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 USA'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 USA.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in HSBC USA on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding HSBC USA Sustainable or generate 0.0% return on investment in HSBC USA over 30 days. HSBC USA is related to or competes with Lyxor UCITS, and SPDR SP. The investment objective of the Fund is to replicate the performance of the FTSE USA ESG Low Carbon Select Index , while... More
HSBC USA 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 USA'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 USA Sustainable upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0647 | |||
| Maximum Drawdown | 20.63 | |||
| Potential Upside | 3.11 |
HSBC USA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HSBC USA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HSBC USA's standard deviation. In reality, there are many statistical measures that can use HSBC USA historical prices to predict the future HSBC USA's volatility.| Risk Adjusted Performance | 0.1051 | |||
| Jensen Alpha | 0.2737 | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (1.44) |
HSBC USA Sustainable Backtested Returns
HSBC USA appears to be very steady, given 3 months investment horizon. HSBC USA Sustainable 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-three technical indicators for HSBC USA, which you can use to evaluate the volatility of the entity. Please utilize HSBC USA's Standard Deviation of 2.04, coefficient of variation of 775.8, and Market Risk Adjusted Performance of (1.43) to validate if our risk estimates are consistent with your expectations. The etf owns a Beta (Systematic Risk) of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HSBC USA are expected to decrease at a much lower rate. During the bear market, HSBC USA is likely to outperform the market.
Auto-correlation | 0.77 |
Good predictability
HSBC USA Sustainable has good predictability. Overlapping area represents the amount of predictability between HSBC USA time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 USA Sustainable price movement. The serial correlation of 0.77 indicates that around 77.0% of current HSBC USA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.99 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
HSBC USA Sustainable lagged returns against current returns
Autocorrelation, which is HSBC USA 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 USA's etf expected returns. We can calculate the autocorrelation of HSBC USA returns to help us make a trade decision. For example, suppose you find that HSBC USA 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 USA 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 USA etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HSBC USA etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HSBC USA etf over time.
Current vs Lagged Prices |
| Timeline |
HSBC USA Lagged Returns
When evaluating HSBC USA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HSBC USA etf have on its future price. HSBC USA 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 USA autocorrelation shows the relationship between HSBC USA etf current value and its past values and can show if there is a momentum factor associated with investing in HSBC USA Sustainable.
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 USA 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 USA security.