Sinopac TAIEX (Taiwan) Market Value
| 006204 Etf | TWD 116.00 0.60 0.51% |
| Symbol | Sinopac |
Sinopac TAIEX '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 Sinopac TAIEX's 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 Sinopac TAIEX.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in Sinopac TAIEX on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding Sinopac TAIEX ETF or generate 0.0% return on investment in Sinopac TAIEX over 30 days. Sinopac TAIEX is related to or competes with YuantaP Shares, Yuanta Daily, Yuanta Daily, Fubon FTSE, Fuh Hwa, Paradigm, and Yuanta Daily. SINOPAC SECS is traded on Taiwan Stock Exchange in Taiwan. More
Sinopac TAIEX 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 Sinopac TAIEX's 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 Sinopac TAIEX ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | 0.0545 | |||
| Maximum Drawdown | 5.94 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.98 |
Sinopac TAIEX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinopac TAIEX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinopac TAIEX's standard deviation. In reality, there are many statistical measures that can use Sinopac TAIEX historical prices to predict the future Sinopac TAIEX's volatility.| Risk Adjusted Performance | 0.0339 | |||
| Jensen Alpha | 0.0381 | |||
| Total Risk Alpha | 0.0661 | |||
| Sortino Ratio | 0.0546 | |||
| Treynor Ratio | 0.1747 |
Sinopac TAIEX ETF Backtested Returns
At this point, Sinopac TAIEX is very steady. Sinopac TAIEX ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0354, which indicates the etf had a 0.0354 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Sinopac TAIEX ETF, which you can use to evaluate the volatility of the etf. Please validate Sinopac TAIEX's Coefficient Of Variation of 2379.12, semi deviation of 0.938, and Risk Adjusted Performance of 0.0339 to confirm if the risk estimate we provide is consistent with the expected return of 0.0355%. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sinopac TAIEX's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sinopac TAIEX is expected to be smaller as well.
Auto-correlation | 0.42 |
Average predictability
Sinopac TAIEX ETF has average predictability. Overlapping area represents the amount of predictability between Sinopac TAIEX time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sinopac TAIEX ETF price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Sinopac TAIEX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
Sinopac TAIEX ETF lagged returns against current returns
Autocorrelation, which is Sinopac TAIEX 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 Sinopac TAIEX's etf expected returns. We can calculate the autocorrelation of Sinopac TAIEX returns to help us make a trade decision. For example, suppose you find that Sinopac TAIEX 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 |
Sinopac TAIEX 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 Sinopac TAIEX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinopac TAIEX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinopac TAIEX etf over time.
Current vs Lagged Prices |
| Timeline |
Sinopac TAIEX Lagged Returns
When evaluating Sinopac TAIEX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinopac TAIEX etf have on its future price. Sinopac TAIEX 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, Sinopac TAIEX autocorrelation shows the relationship between Sinopac TAIEX etf current value and its past values and can show if there is a momentum factor associated with investing in Sinopac TAIEX ETF.
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 Sinopac Etf
Sinopac TAIEX financial ratios help investors to determine whether Sinopac 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 Sinopac with respect to the benefits of owning Sinopac TAIEX security.