HSBC UK (France) Market Value
| HSUK Etf | EUR 21.55 0.02 0.09% |
| Symbol | HSBC |
Please note, there is a significant difference between HSBC UK's value and its price as these two are different measures arrived at by different means. Investors typically determine if HSBC UK is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HSBC UK'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 UK '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 UK'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 UK.
| 11/28/2023 |
| 11/22/2024 |
HSBC UK 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 UK'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 UK SUS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.95 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.25 |
HSBC UK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HSBC UK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HSBC UK's standard deviation. In reality, there are many statistical measures that can use HSBC UK historical prices to predict the future HSBC UK's volatility.| Risk Adjusted Performance | 9.0E-4 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.02) |
HSBC UK SUS Backtested Returns
HSBC UK SUS retains Efficiency (Sharpe Ratio) of -0.0275, which attests that the entity had a -0.0275% return per unit of return volatility over the last 3 months. HSBC UK exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HSBC UK's Standard Deviation of 0.8386, coefficient of variation of (2,046,820), and Market Risk Adjusted Performance of (0.01) to validate the risk estimate we provide. The etf owns a Beta (Systematic Risk) of 0.53, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HSBC UK's returns are expected to increase less than the market. However, during the bear market, the loss of holding HSBC UK is expected to be smaller as well.
Auto-correlation | 0.60 |
Good predictability
HSBC UK SUS has good predictability. Overlapping area represents the amount of predictability between HSBC UK 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 UK SUS price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current HSBC UK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
HSBC UK SUS lagged returns against current returns
Autocorrelation, which is HSBC UK 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 UK's etf expected returns. We can calculate the autocorrelation of HSBC UK returns to help us make a trade decision. For example, suppose you find that HSBC UK 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 UK 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 UK etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HSBC UK etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HSBC UK etf over time.
Current vs Lagged Prices |
| Timeline |
HSBC UK Lagged Returns
When evaluating HSBC UK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HSBC UK etf have on its future price. HSBC UK 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 UK autocorrelation shows the relationship between HSBC UK etf current value and its past values and can show if there is a momentum factor associated with investing in HSBC UK SUS.
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 UK 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 UK security.