HSBC Asia's market value is the price at which a share of HSBC Asia trades on a public exchange. It measures the collective expectations of HSBC Asia Pacific investors about its performance. HSBC Asia is trading at 16.07 as of the 14th of March 2025, a 0.43 percent decrease since the beginning of the trading day. The etf's lowest day price was 15.96. With this module, you can estimate the performance of a buy and hold strategy of HSBC Asia Pacific and determine expected loss or profit from investing in HSBC Asia 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 Asia '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 Asia'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 Asia.
0.00
12/14/2024
No Change 0.00
0.0
In 2 months and 31 days
03/14/2025
0.00
If you would invest 0.00 in HSBC Asia on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding HSBC Asia Pacific or generate 0.0% return on investment in HSBC Asia over 90 days.
HSBC Asia 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 Asia'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 Asia Pacific 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 Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HSBC Asia's standard deviation. In reality, there are many statistical measures that can use HSBC Asia historical prices to predict the future HSBC Asia's volatility.
HSBC Asia Pacific retains Efficiency (Sharpe Ratio) of -0.0892, which attests that the entity had a -0.0892 % return per unit of return volatility over the last 3 months. HSBC Asia exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HSBC Asia's Coefficient Of Variation of (1,434), market risk adjusted performance of (0.23), and Standard Deviation of 0.9372 to validate the risk estimate we provide. The etf owns a Beta (Systematic Risk) of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HSBC Asia's returns are expected to increase less than the market. However, during the bear market, the loss of holding HSBC Asia is expected to be smaller as well.
Auto-correlation
0.13
Insignificant predictability
HSBC Asia Pacific has insignificant predictability. Overlapping area represents the amount of predictability between HSBC Asia time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th of March 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 Asia Pacific price movement. The serial correlation of 0.13 indicates that less than 13.0% of current HSBC Asia price fluctuation can be explain by its past prices.
Correlation Coefficient
0.13
Spearman Rank Test
0.27
Residual Average
0.0
Price Variance
0.07
HSBC Asia Pacific lagged returns against current returns
Autocorrelation, which is HSBC Asia 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 Asia's etf expected returns. We can calculate the autocorrelation of HSBC Asia returns to help us make a trade decision. For example, suppose you find that HSBC Asia 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 Asia 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 Asia etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HSBC Asia etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HSBC Asia etf over time.
Current vs Lagged Prices
Timeline
HSBC Asia Lagged Returns
When evaluating HSBC Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HSBC Asia etf have on its future price. HSBC Asia 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 Asia autocorrelation shows the relationship between HSBC Asia etf current value and its past values and can show if there is a momentum factor associated with investing in HSBC Asia Pacific.
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.