Fubon SSE180 (Taiwan) Market Value
| 00633L Etf | TWD 39.31 1.30 3.20% |
| Symbol | Fubon |
Fubon SSE180 '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 SSE180'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 Fubon SSE180.
| 08/25/2024 |
| 11/23/2024 |
If you would invest 0.00 in Fubon SSE180 on August 25, 2024 and sell it all today you would earn a total of 0.00 from holding Fubon SSE180 Leveraged or generate 0.0% return on investment in Fubon SSE180 over 90 days. Fubon SSE180 is related to or competes with Fubon Hang, Fubon SP, Fubon NASDAQ, Fubon TWSE, Fubon Dow, Fubon NIFTY, and Fubon SSE180. FUBON ASSET is traded on Taiwan Stock Exchange in Taiwan. More
Fubon SSE180 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 SSE180'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 Fubon SSE180 Leveraged upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.58 | |||
| Information Ratio | 0.0635 | |||
| Maximum Drawdown | 40.19 | |||
| Value At Risk | (3.95) | |||
| Potential Upside | 8.1 |
Fubon SSE180 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fubon SSE180's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fubon SSE180's standard deviation. In reality, there are many statistical measures that can use Fubon SSE180 historical prices to predict the future Fubon SSE180's volatility.| Risk Adjusted Performance | 0.078 | |||
| Jensen Alpha | 0.6173 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.0848 | |||
| Treynor Ratio | (0.27) |
Fubon SSE180 Leveraged Backtested Returns
Fubon SSE180 appears to be not too volatile, given 3 months investment horizon. Fubon SSE180 Leveraged secures Sharpe Ratio (or Efficiency) of 0.0917, which denotes the etf had a 0.0917% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Fubon SSE180 Leveraged, which you can use to evaluate the volatility of the entity. Please utilize Fubon SSE180's Semi Deviation of 3.17, mean deviation of 2.85, and Downside Deviation of 3.58 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of -1.6, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Fubon SSE180 are expected to decrease by larger amounts. On the other hand, during market turmoil, Fubon SSE180 is expected to outperform it.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Fubon SSE180 Leveraged has insignificant reverse predictability. Overlapping area represents the amount of predictability between Fubon SSE180 time series from 25th of August 2024 to 9th of October 2024 and 9th of October 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 Fubon SSE180 Leveraged price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Fubon SSE180 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 1.7 |
Fubon SSE180 Leveraged lagged returns against current returns
Autocorrelation, which is Fubon SSE180 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 Fubon SSE180's etf expected returns. We can calculate the autocorrelation of Fubon SSE180 returns to help us make a trade decision. For example, suppose you find that Fubon SSE180 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 |
Fubon SSE180 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 SSE180 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fubon SSE180 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fubon SSE180 etf over time.
Current vs Lagged Prices |
| Timeline |
Fubon SSE180 Lagged Returns
When evaluating Fubon SSE180's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fubon SSE180 etf have on its future price. Fubon SSE180 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 SSE180 autocorrelation shows the relationship between Fubon SSE180 etf current value and its past values and can show if there is a momentum factor associated with investing in Fubon SSE180 Leveraged.
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 Fubon Etf
Fubon SSE180 financial ratios help investors to determine whether Fubon 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 Fubon with respect to the benefits of owning Fubon SSE180 security.