Ctbc Emerging Asia Etf Net Asset
| 00848B Etf | TWD 36.03 0.09 0.25% |
CTBC Emerging Asia fundamentals help investors to digest information that contributes to CTBC Emerging's financial success or failures. It also enables traders to predict the movement of CTBC Etf. The fundamental analysis module provides a way to measure CTBC Emerging's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to CTBC Emerging etf.
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CTBC Emerging Asia ETF Net Asset Analysis
CTBC Emerging's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Based on the recorded statements, CTBC Emerging Asia has a Net Asset of 0.0. This indicator is about the same for the average (which is currently at 0.0) family and about the same as Net Asset (which currently averages 0.0) category. This indicator is about the same for all Taiwan etfs average (which is currently at 0.0).
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About CTBC Emerging Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CTBC Emerging Asia's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CTBC Emerging using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CTBC Emerging Asia based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with CTBC Emerging
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CTBC Emerging position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CTBC Emerging will appreciate offsetting losses from the drop in the long position's value.Moving together with CTBC Etf
Moving against CTBC Etf
| 0.87 | 00881 | Cathay Taiwan 5G | PairCorr |
| 0.81 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.74 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.71 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.64 | 00631L | Yuanta Daily Taiwan | PairCorr |
The ability to find closely correlated positions to CTBC Emerging could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CTBC Emerging 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 CTBC Emerging - 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 CTBC Emerging Asia to buy it.
The correlation of CTBC Emerging 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 CTBC Emerging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CTBC Emerging Asia 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.
Correlation analysis and pair trading evaluation for CTBC Emerging can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in CTBC Etf
CTBC Emerging financial ratios help investors to determine whether CTBC Etf 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 CTBC with respect to the benefits of owning CTBC Emerging security.