HSBC DEVELOPED's market value is the price at which a share of HSBC DEVELOPED trades on a public exchange. It measures the collective expectations of HSBC DEVELOPED WORLD investors about its performance. HSBC DEVELOPED is selling for under 25.60 as of the 19th of February 2025; that is 0.35 percent increase since the beginning of the trading day. The etf's lowest day price was 25.6. With this module, you can estimate the performance of a buy and hold strategy of HSBC DEVELOPED WORLD and determine expected loss or profit from investing in HSBC DEVELOPED over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
HSBC
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.
0.00
03/02/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
02/19/2025
0.00
If you would invest 0.00 in HSBC DEVELOPED on March 2, 2023 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 720 days.
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.
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.
At this stage we consider HSBC Etf to be very steady. HSBC DEVELOPED WORLD retains Efficiency (Sharpe Ratio) of 0.11, which attests that the entity had a 0.11 % return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for HSBC DEVELOPED, which you can use to evaluate the volatility of the entity. Please check out HSBC DEVELOPED's Downside Deviation of 0.9597, semi deviation of 0.6852, and Market Risk Adjusted Performance of 0.3965 to validate if the risk estimate we provide is consistent with the expected return of 0.0732%. The etf owns a Beta (Systematic Risk) of 0.11, 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
0.67
Good predictability
HSBC DEVELOPED WORLD has good predictability. Overlapping area represents the amount of predictability between HSBC DEVELOPED time series from 2nd of March 2023 to 25th of February 2024 and 25th of February 2024 to 19th of February 2025. 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 0.67 indicates that around 67.0% of current HSBC DEVELOPED price fluctuation can be explain by its past prices.
Correlation Coefficient
0.67
Spearman Rank Test
0.67
Residual Average
0.0
Price Variance
1.11
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.