HSBC HOLDINGS PLC Market Value
| 404280CL1 | 85.67 6.25 6.80% |
| Symbol | 404280CL1 |
404280CL1 '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 404280CL1's bond 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 404280CL1.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in 404280CL1 on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding HSBC HOLDINGS PLC or generate 0.0% return on investment in 404280CL1 over 90 days. 404280CL1 is related to or competes with Titan Machinery, Cardinal Health, NorthWestern, Aris Water, Simon Property, Vistra Energy, and Olympic Steel. More
404280CL1 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 404280CL1's bond 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 HOLDINGS PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 8.18 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 0.6046 |
404280CL1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 404280CL1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 404280CL1's standard deviation. In reality, there are many statistical measures that can use 404280CL1 historical prices to predict the future 404280CL1's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (1.59) |
HSBC HOLDINGS PLC Backtested Returns
HSBC HOLDINGS PLC retains Efficiency (Sharpe Ratio) of -0.046, which signifies that the bond had a -0.046% return per unit of price deviation over the last 3 months. 404280CL1 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 404280CL1's Coefficient Of Variation of (1,166), market risk adjusted performance of (1.58), and Information Ratio of (0.19) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.0712, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 404280CL1's returns are expected to increase less than the market. However, during the bear market, the loss of holding 404280CL1 is expected to be smaller as well.
Auto-correlation | -0.09 |
Very weak reverse predictability
HSBC HOLDINGS PLC has very weak reverse predictability. Overlapping area represents the amount of predictability between 404280CL1 time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 HOLDINGS PLC price movement. The serial correlation of -0.09 indicates that less than 9.0% of current 404280CL1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 2.02 |
HSBC HOLDINGS PLC lagged returns against current returns
Autocorrelation, which is 404280CL1 bond'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 404280CL1's bond expected returns. We can calculate the autocorrelation of 404280CL1 returns to help us make a trade decision. For example, suppose you find that 404280CL1 has exhibited high autocorrelation historically, and you observe that the bond 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 |
404280CL1 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 404280CL1 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 404280CL1 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 404280CL1 bond over time.
Current vs Lagged Prices |
| Timeline |
404280CL1 Lagged Returns
When evaluating 404280CL1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 404280CL1 bond have on its future price. 404280CL1 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, 404280CL1 autocorrelation shows the relationship between 404280CL1 bond current value and its past values and can show if there is a momentum factor associated with investing in HSBC HOLDINGS PLC.
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 404280CL1 Bond
404280CL1 financial ratios help investors to determine whether 404280CL1 Bond 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 404280CL1 with respect to the benefits of owning 404280CL1 security.