HSBC Developed (France) Market Value
| HSWD Etf | EUR 23.35 0.01 0.04% |
| Symbol | HSBC |
Please note, there is a significant difference between HSBC Developed's value and its price as these two are different measures arrived at by different means. Investors typically determine if HSBC Developed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HSBC Developed'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 Developed '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 Developed'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 Developed.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in HSBC Developed on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding HSBC Developed World or generate 0.0% return on investment in HSBC Developed over 30 days. HSBC Developed is related to or competes with HSBC MSCI, and HSBC MSCI. The investment objective of the Fund is to replicate the performance of the FTSE Developed ESG Low Carbon Select Index ,... More
HSBC Developed 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 Developed'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 Developed World upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0085 | |||
| Maximum Drawdown | 3.9 | |||
| Potential Upside | 0.5018 |
HSBC Developed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HSBC Developed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HSBC Developed's standard deviation. In reality, there are many statistical measures that can use HSBC Developed historical prices to predict the future HSBC Developed's volatility.| Risk Adjusted Performance | 0.1705 | |||
| Jensen Alpha | 0.1126 | |||
| Total Risk Alpha | 0.0338 | |||
| Treynor Ratio | 1.82 |
HSBC Developed World Backtested Returns
At this point, HSBC Developed is very steady. HSBC Developed World retains Efficiency (Sharpe Ratio) of 0.23, which attests that the entity had a 0.23% return per unit of return volatility over the last 3 months. We have found twenty-two technical indicators for HSBC Developed, which you can use to evaluate the volatility of the entity. Please check out HSBC Developed's Coefficient Of Variation of 440.71, market risk adjusted performance of 1.83, and Standard Deviation of 0.5741 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. The etf owns a Beta (Systematic Risk) of 0.0661, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HSBC Developed's returns are expected to increase less than the market. However, during the bear market, the loss of holding HSBC Developed is expected to be smaller as well.
Auto-correlation | 0.77 |
Good predictability
HSBC Developed World has good predictability. Overlapping area represents the amount of predictability between HSBC Developed time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Developed World price movement. The serial correlation of 0.77 indicates that around 77.0% of current HSBC Developed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HSBC Developed World lagged returns against current returns
Autocorrelation, which is HSBC Developed 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 Developed's etf expected returns. We can calculate the autocorrelation of HSBC Developed returns to help us make a trade decision. For example, suppose you find that HSBC Developed 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 Developed 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 Developed etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HSBC Developed etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HSBC Developed etf over time.
Current vs Lagged Prices |
| Timeline |
HSBC Developed Lagged Returns
When evaluating HSBC Developed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HSBC Developed etf have on its future price. HSBC Developed 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 Developed autocorrelation shows the relationship between HSBC Developed etf current value and its past values and can show if there is a momentum factor associated with investing in HSBC Developed World.
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 Developed 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 Developed security.