Hsbc holdings plc
US StockFinancialsBanks
HSBC Swing Trading Score
3
24
15
Explosive Bullish
- AI analysis rates HSBC with the highest swing trading score of 5.
- It is mainly due to the positive AI swing signal,along with the relatively low short-term volatility.
- Furthermore, based on historical backtesting, when entering with a swing trading score of 5 and exiting with a score of 1, resulted in 42 trades with a 35.71% win rate and an average profit/loss of 0.9%.
HSBC Historical Swing Trading Score
You can use historical scores of 3 or above to observe potential performance and make investment decisions.
HSBC Swing Trading Strategy Backtest
The following backtest is based on specified rules since 2007. Price chart shows buy/sell time, cumulative returns, and backtesting statistics.
Entry
Exit
The Backtest Result of HSBC from 2007/01 till Now
- -25.68%
- Cumulative Return
- -1.74%
- Annual Return
- 20.62%
- Volatility
- -0.08
- Sharpe Ratio
Statistics data for entering at or above a Swing Trading score of 4 and exiting at or below a Swing Trading score of 2 from January, 2007 to November, 2023. (Total Trades: 106)
| HSBC | Sector | US Overall Market | |
|---|---|---|---|
| Wining Rate | 32% | 42% | 39% |
| Avg Return | 0% | 1.1% | 2.5% |
| Avg Profit | 8% | 10.3% | 17.9% |
| Avg Loss | -3.8% | -5.6% | -7.6% |
| Avg Risk-Reward Ratio | 212.2% | 184.5% | 235.8% |
Update to 2023/11/28 (Monthly Update)