YuantaP Shares (Taiwan) Market Value
| 006206 Etf | TWD 31.19 0.53 1.67% |
| 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.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in YuantaP Shares on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding YuantaP shares SSE50 or generate 0.0% return on investment in YuantaP Shares over 30 days. YuantaP Shares is related to or competes with YuantaP Shares, YuantaP Shares, YuantaP Shares, YuantaP Shares, YuantaP Shares, and YuantaP Shares. YUANTA SECURITIES 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 SSE50 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | 0.0303 | |||
| Maximum Drawdown | 22.33 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 3.68 |
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 | 0.0687 | |||
| Jensen Alpha | 0.3052 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0394 | |||
| Treynor Ratio | (0.23) |
YuantaP shares SSE50 Backtested Returns
YuantaP Shares appears to be very steady, given 3 months investment horizon. YuantaP shares SSE50 shows Sharpe Ratio of 0.0804, which attests that the etf had a 0.0804% return per unit of risk over the last 3 months. We have found thirty technical indicators for YuantaP shares SSE50, which you can use to evaluate the volatility of the etf. Please utilize YuantaP Shares' Downside Deviation of 2.01, mean deviation of 1.53, and Market Risk Adjusted Performance of (0.22) to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of -0.87, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning YuantaP Shares are expected to decrease slowly. On the other hand, during market turmoil, YuantaP Shares is expected to outperform it slightly.
Auto-correlation | -0.47 |
Modest reverse predictability
YuantaP shares SSE50 has modest reverse predictability. Overlapping area represents the amount of predictability between YuantaP Shares time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 SSE50 price movement. The serial correlation of -0.47 indicates that about 47.0% of current YuantaP Shares price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
YuantaP shares SSE50 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 SSE50.
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.