YuantaP Shares (Taiwan) Market Value
| 006203 Etf | TWD 89.60 1.40 1.54% |
| Symbol | YuantaP |
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 MSCI Taiwan 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. YuantaP shares is traded on Taiwan Stock Exchange in Taiwan. 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 MSCI Taiwan upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.4 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 6.12 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 1.74 |
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 | 0.0692 | |||
| Jensen Alpha | 0.0468 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.235 |
YuantaP shares MSCI Backtested Returns
At this point, YuantaP Shares is very steady. YuantaP shares MSCI shows Sharpe Ratio of 0.0609, which attests that the etf had a 0.0609% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for YuantaP shares MSCI, which you can use to evaluate the volatility of the etf. Please check out YuantaP Shares' Downside Deviation of 1.4, market risk adjusted performance of 0.245, and Mean Deviation of 0.8762 to validate if the risk estimate we provide is consistent with the expected return of 0.0769%. The entity maintains a market beta of 0.4, which attests to possible diversification benefits within a given portfolio. 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 | -0.08 |
Very weak reverse predictability
YuantaP shares MSCI Taiwan has very weak reverse 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 MSCI price movement. The serial correlation of -0.08 indicates that barely 8.0% of current YuantaP Shares price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
YuantaP shares MSCI 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 MSCI Taiwan.
Regressed Prices |
| Timeline |
Also Currently Popular
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.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.