YuantaP Shares (Taiwan) Market Value
| 006201 Etf | TWD 22.44 0.49 2.14% |
| Symbol | YuantaP |
Please note, there is a significant difference between YuantaP Shares' value and its price as these two are different measures arrived at by different means. Investors typically determine if YuantaP Shares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, YuantaP Shares' 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.
YuantaP Shares '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 YuantaP Shares' 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 YuantaP Shares.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in YuantaP Shares on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding YuantaP shares Taiwan GreTai or generate 0.0% return on investment in YuantaP Shares over 30 days. YuantaP Shares is related to or competes with Yuanta Daily, and Paradigm. More
YuantaP Shares 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 YuantaP Shares' 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 YuantaP shares Taiwan GreTai upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 4.73 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 1.82 |
YuantaP Shares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for YuantaP Shares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YuantaP Shares' standard deviation. In reality, there are many statistical measures that can use YuantaP Shares historical prices to predict the future YuantaP Shares' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.14) |
YuantaP shares Taiwan Backtested Returns
YuantaP shares Taiwan shows Sharpe Ratio of -0.0719, which attests that the etf had a -0.0719% return per unit of risk over the last 3 months. YuantaP shares Taiwan exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out YuantaP Shares' Standard Deviation of 1.09, market risk adjusted performance of (0.13), and Mean Deviation of 0.8399 to validate the risk estimate we provide. The entity maintains a market beta of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, YuantaP Shares' returns are expected to increase less than the market. However, during the bear market, the loss of holding YuantaP Shares is expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
YuantaP shares Taiwan GreTai has modest predictability. Overlapping area represents the amount of predictability between YuantaP Shares time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 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 YuantaP shares Taiwan price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current YuantaP Shares price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
YuantaP shares Taiwan lagged returns against current returns
Autocorrelation, which is YuantaP Shares 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 YuantaP Shares' etf expected returns. We can calculate the autocorrelation of YuantaP Shares returns to help us make a trade decision. For example, suppose you find that YuantaP Shares 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 |
YuantaP Shares 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 YuantaP Shares etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YuantaP Shares etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YuantaP Shares etf over time.
Current vs Lagged Prices |
| Timeline |
YuantaP Shares Lagged Returns
When evaluating YuantaP Shares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YuantaP Shares etf have on its future price. YuantaP Shares 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, YuantaP Shares autocorrelation shows the relationship between YuantaP Shares etf current value and its past values and can show if there is a momentum factor associated with investing in YuantaP shares Taiwan GreTai.
Regressed Prices |
| Timeline |
Pair Trading with YuantaP Shares
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 YuantaP Shares 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 YuantaP Shares will appreciate offsetting losses from the drop in the long position's value.Moving against YuantaP Etf
| 0.54 | 00664R | Cathay TAIEX Daily | PairCorr |
| 0.52 | 00686R | Capital Taiex Daily | PairCorr |
| 0.5 | 00694B | Fubon 1 3 | PairCorr |
| 0.46 | 00632R | Yuanta Daily Taiwan | PairCorr |
| 0.38 | 00674R | Yuanta Securities | PairCorr |
The ability to find closely correlated positions to YuantaP Shares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace YuantaP Shares 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 YuantaP Shares - 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 YuantaP shares Taiwan GreTai to buy it.
The correlation of YuantaP Shares 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 YuantaP Shares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if YuantaP shares Taiwan 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 YuantaP Shares 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 YuantaP Etf
YuantaP Shares financial ratios help investors to determine whether YuantaP 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 YuantaP with respect to the benefits of owning YuantaP Shares security.