HSBC Holdings Correlations
| HSBC Stock | USD 41.69 0.20 0.48% |
The correlation of HSBC Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as HSBC Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HSBC Holdings PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Modest diversification
The correlation between HSBC Holdings PLC and NYA is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HSBC Holdings PLC and NYA in the same portfolio, assuming nothing else is changed.
HSBC |
The ability to find closely correlated positions to HSBC Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HSBC Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back HSBC Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling HSBC Holdings PLC to buy it.
Moving together with HSBC Stock
| 0.75 | C | Citigroup Earnings Call This Week | PairCorr |
| 0.71 | BML-PG | Bank of America | PairCorr |
| 0.74 | BAC | Bank of America Sell-off Trend | PairCorr |
| 0.66 | BCS | Barclays PLC ADR Earnings Call Today | PairCorr |
| 0.8 | ING | ING Group NV Earnings Call This Week | PairCorr |
Moving against HSBC Stock
| 0.43 | TD | Toronto Dominion Bank Financial Report 23rd of May 2024 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between HSBC Stock performing well and HSBC Holdings Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze HSBC Holdings' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ING | 1.01 | 0.21 | 0.10 | 0.36 | 1.59 | 2.24 | 7.82 | |||
| NWG | 1.27 | 0.43 | 0.33 | 0.46 | 0.78 | 2.82 | 9.53 | |||
| SAN | 1.15 | 0.26 | 0.13 | 0.39 | 1.37 | 2.59 | 8.70 | |||
| UBS | 1.04 | (0.10) | 0.00 | (0.04) | 0.00 | 1.98 | 7.87 | |||
| CS | 3.04 | (1.22) | 0.00 | 1.97 | 0.00 | 3.53 | 53.23 | |||
| BCS | 1.32 | 0.38 | 0.24 | 0.41 | 1.18 | 2.33 | 14.41 | |||
| C | 1.09 | 0.18 | 0.18 | 0.21 | 0.95 | 2.57 | 8.13 | |||
| BBVA | 1.21 | 0.38 | 0.26 | 0.49 | 1.05 | 3.04 | 8.27 | |||
| BAC | 1.06 | 0.16 | 0.13 | 0.20 | 1.13 | 2.33 | 7.07 | |||
| WFC | 0.96 | 0.29 | 0.31 | 0.42 | 0.56 | 1.79 | 8.55 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in HSBC Holdings without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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HSBC Holdings Corporate Directors
HSBC Holdings corporate directors refer to members of a HSBC Holdings board of directors. The board of directors generally takes responsibility for the HSBC Holdings' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of HSBC Holdings' board members must vote for the resolution. The HSBC Holdings board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| David Nish | Senior Independent Non-Executive Director | Profile | |
| John Lipsky | Independent Non-Executive Director | Profile | |
| Noel Quinn | Group Managing Director, Chief Executive, Global Commercial Banking | Profile | |
| Sean OSullivan | Group COO, Group Managing Director | Profile |
Already Invested in HSBC Holdings PLC?
The danger of trading HSBC Holdings PLC is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of HSBC Holdings is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than HSBC Holdings. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile HSBC Holdings PLC is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether HSBC Holdings PLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of HSBC Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Hsbc Holdings Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hsbc Holdings Plc Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HSBC Holdings PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the HSBC Holdings PLC information on this page should be used as a complementary analysis to other HSBC Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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When running HSBC Holdings' price analysis, check to measure HSBC Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HSBC Holdings is operating at the current time. Most of HSBC Holdings' value examination focuses on studying past and present price action to predict the probability of HSBC Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HSBC Holdings' price. Additionally, you may evaluate how the addition of HSBC Holdings to your portfolios can decrease your overall portfolio volatility.
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Is HSBC Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of HSBC Holdings. If investors know HSBC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about HSBC Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.896 | Dividend Share 0.61 | Earnings Share 5.7 | Revenue Per Share 3.6163 | Quarterly Revenue Growth (0.54) |
The market value of HSBC Holdings PLC is measured differently than its book value, which is the value of HSBC that is recorded on the company's balance sheet. Investors also form their own opinion of HSBC Holdings' value that differs from its market value or its book value, called intrinsic value, which is HSBC Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because HSBC Holdings' market value can be influenced by many factors that don't directly affect HSBC Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between HSBC Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if HSBC Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HSBC Holdings' 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.