HSBC MUCPAB's market value is the price at which a share of HSBC MUCPAB trades on a public exchange. It measures the collective expectations of HSBC MUCPAB ETF investors about its performance. HSBC MUCPAB is trading at 41.76 as of the 13th of December 2024, a 0.19 percent decrease since the beginning of the trading day. The etf's open price was 41.84. With this module, you can estimate the performance of a buy and hold strategy of HSBC MUCPAB ETF and determine expected loss or profit from investing in HSBC MUCPAB 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 MUCPAB '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 MUCPAB'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 MUCPAB.
0.00
12/24/2022
No Change 0.00
0.0
In 1 year 11 months and 21 days
12/13/2024
0.00
If you would invest 0.00 in HSBC MUCPAB on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding HSBC MUCPAB ETF or generate 0.0% return on investment in HSBC MUCPAB over 720 days.
HSBC MUCPAB 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 MUCPAB'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 MUCPAB ETF 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 MUCPAB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HSBC MUCPAB's standard deviation. In reality, there are many statistical measures that can use HSBC MUCPAB historical prices to predict the future HSBC MUCPAB's volatility.
HSBC MUCPAB appears to be very steady, given 3 months investment horizon. HSBC MUCPAB ETF retains Efficiency (Sharpe Ratio) of 0.29, which attests that the entity had a 0.29% return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for HSBC MUCPAB, which you can use to evaluate the volatility of the entity. Please utilize HSBC MUCPAB's Semi Deviation of 0.2974, downside deviation of 0.628, and Market Risk Adjusted Performance of 0.8474 to validate if our risk estimates are consistent with your expectations. The etf owns a Beta (Systematic Risk) of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HSBC MUCPAB's returns are expected to increase less than the market. However, during the bear market, the loss of holding HSBC MUCPAB is expected to be smaller as well.
Auto-correlation
0.83
Very good predictability
HSBC MUCPAB ETF has very good predictability. Overlapping area represents the amount of predictability between HSBC MUCPAB time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th of December 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 MUCPAB ETF price movement. The serial correlation of 0.83 indicates that around 83.0% of current HSBC MUCPAB price fluctuation can be explain by its past prices.
Correlation Coefficient
0.83
Spearman Rank Test
0.87
Residual Average
0.0
Price Variance
7.16
HSBC MUCPAB ETF lagged returns against current returns
Autocorrelation, which is HSBC MUCPAB 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 MUCPAB's etf expected returns. We can calculate the autocorrelation of HSBC MUCPAB returns to help us make a trade decision. For example, suppose you find that HSBC MUCPAB 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 MUCPAB 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 MUCPAB etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HSBC MUCPAB etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HSBC MUCPAB etf over time.
Current vs Lagged Prices
Timeline
HSBC MUCPAB Lagged Returns
When evaluating HSBC MUCPAB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HSBC MUCPAB etf have on its future price. HSBC MUCPAB 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 MUCPAB autocorrelation shows the relationship between HSBC MUCPAB etf current value and its past values and can show if there is a momentum factor associated with investing in HSBC MUCPAB ETF.
Regressed Prices
Timeline
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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.