Yuanta SP (Taiwan) Market Value
| 00635U Etf | TWD 30.85 0.32 1.05% |
| Symbol | Yuanta |
Yuanta SP '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 Yuanta SP'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 Yuanta SP.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Yuanta SP on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Yuanta SP GSCI or generate 0.0% return on investment in Yuanta SP over 30 days. Yuanta SP is related to or competes with YuantaP Shares, Yuanta Daily, Yuanta Daily, Fuh Hwa, Paradigm, and Yuanta Daily. YUANTA SECURITIES is traded on Taiwan Stock Exchange in Taiwan. More
Yuanta SP 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 Yuanta SP'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 Yuanta SP GSCI upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.34 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.37 |
Yuanta SP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yuanta SP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yuanta SP's standard deviation. In reality, there are many statistical measures that can use Yuanta SP historical prices to predict the future Yuanta SP's volatility.| Risk Adjusted Performance | 0.0612 | |||
| Jensen Alpha | 0.0605 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 3.54 |
Yuanta SP GSCI Backtested Returns
At this point, Yuanta SP is very steady. Yuanta SP GSCI shows Sharpe Ratio of 0.0928, which attests that the etf had a 0.0928% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Yuanta SP GSCI, which you can use to evaluate the volatility of the etf. Please check out Yuanta SP's Downside Deviation of 1.07, market risk adjusted performance of 3.55, and Mean Deviation of 0.6865 to validate if the risk estimate we provide is consistent with the expected return of 0.0879%. The entity maintains a market beta of 0.0176, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Yuanta SP's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yuanta SP is expected to be smaller as well.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Yuanta SP GSCI has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Yuanta SP time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Yuanta SP GSCI price movement. The serial correlation of -0.75 indicates that around 75.0% of current Yuanta SP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Yuanta SP GSCI lagged returns against current returns
Autocorrelation, which is Yuanta SP 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 Yuanta SP's etf expected returns. We can calculate the autocorrelation of Yuanta SP returns to help us make a trade decision. For example, suppose you find that Yuanta SP 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 |
Yuanta SP 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 Yuanta SP etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yuanta SP etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yuanta SP etf over time.
Current vs Lagged Prices |
| Timeline |
Yuanta SP Lagged Returns
When evaluating Yuanta SP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yuanta SP etf have on its future price. Yuanta SP 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, Yuanta SP autocorrelation shows the relationship between Yuanta SP etf current value and its past values and can show if there is a momentum factor associated with investing in Yuanta SP GSCI.
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 Yuanta Etf
Yuanta SP financial ratios help investors to determine whether Yuanta 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 Yuanta with respect to the benefits of owning Yuanta SP security.