HSBC USA (Switzerland) Market Value
| HSUD Etf | 23.64 0.00 0.00% |
| Symbol | HSBC |
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.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in HSBC USA on October 28, 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 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.
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.HSBC USA SUSTAINABLE Backtested Returns
We have found three technical indicators for HSBC USA, 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 USA are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
HSBC USA SUSTAINABLE has perfect predictability. Overlapping area represents the amount of predictability between HSBC USA 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 USA SUSTAINABLE price movement. The serial correlation of 1.0 indicates that 100.0% of current HSBC USA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |