Fubon Taiwan (Taiwan) Market Value
| 0052 Stock | 183.90 1.20 0.66% |
| Symbol | Fubon |
Fubon Taiwan '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 Fubon Taiwan's stock 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 Fubon Taiwan.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Fubon Taiwan on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Fubon Taiwan Technology or generate 0.0% return on investment in Fubon Taiwan over 720 days. Fubon Taiwan is related to or competes with Taiwan Taomee, AP Memory, RichWave Technology, Fitipower Integrated, Sysgration, Andes Technology, and Tung Thih. The fund invests in stocks which issued in Taiwan. More
Fubon Taiwan 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 Fubon Taiwan's stock 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 Fubon Taiwan Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.62 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.9 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 2.23 |
Fubon Taiwan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fubon Taiwan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fubon Taiwan's standard deviation. In reality, there are many statistical measures that can use Fubon Taiwan historical prices to predict the future Fubon Taiwan's volatility.| Risk Adjusted Performance | 0.0309 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0974 |
Fubon Taiwan Technology Backtested Returns
At this stage we consider Fubon Stock to be very steady. Fubon Taiwan Technology secures Sharpe Ratio (or Efficiency) of 0.0476, which denotes the company had a 0.0476% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Fubon Taiwan Technology, which you can use to evaluate the volatility of the firm. Please confirm Fubon Taiwan's Downside Deviation of 1.62, semi deviation of 1.48, and Mean Deviation of 1.03 to check if the risk estimate we provide is consistent with the expected return of 0.0701%. Fubon Taiwan has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.41, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fubon Taiwan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fubon Taiwan is expected to be smaller as well. Fubon Taiwan Technology right now shows a risk of 1.47%. Please confirm Fubon Taiwan Technology market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Fubon Taiwan Technology will be following its price patterns.
Auto-correlation | 0.89 |
Very good predictability
Fubon Taiwan Technology has very good predictability. Overlapping area represents the amount of predictability between Fubon Taiwan time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Fubon Taiwan Technology price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Fubon Taiwan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 479.94 |
Fubon Taiwan Technology lagged returns against current returns
Autocorrelation, which is Fubon Taiwan stock'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 Fubon Taiwan's stock expected returns. We can calculate the autocorrelation of Fubon Taiwan returns to help us make a trade decision. For example, suppose you find that Fubon Taiwan has exhibited high autocorrelation historically, and you observe that the stock 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 |
Fubon Taiwan 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 Fubon Taiwan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fubon Taiwan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fubon Taiwan stock over time.
Current vs Lagged Prices |
| Timeline |
Fubon Taiwan Lagged Returns
When evaluating Fubon Taiwan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fubon Taiwan stock have on its future price. Fubon Taiwan 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, Fubon Taiwan autocorrelation shows the relationship between Fubon Taiwan stock current value and its past values and can show if there is a momentum factor associated with investing in Fubon Taiwan Technology.
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.Additional Tools for Fubon Stock Analysis
When running Fubon Taiwan's price analysis, check to measure Fubon Taiwan's 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 Fubon Taiwan is operating at the current time. Most of Fubon Taiwan's value examination focuses on studying past and present price action to predict the probability of Fubon Taiwan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fubon Taiwan's price. Additionally, you may evaluate how the addition of Fubon Taiwan to your portfolios can decrease your overall portfolio volatility.