Yuanta Daily (Taiwan) Market Value
| 00637L Etf | TWD 15.85 0.52 3.18% |
| Symbol | Yuanta |
Yuanta Daily '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 Daily'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 Daily.
| 08/25/2024 |
| 11/23/2024 |
If you would invest 0.00 in Yuanta Daily on August 25, 2024 and sell it all today you would earn a total of 0.00 from holding Yuanta Daily CSI or generate 0.0% return on investment in Yuanta Daily over 90 days. Yuanta Daily is related to or competes with Yuanta Daily, Yuanta SP, Yuanta SP, Yuanta STOXX, Yuanta EURO, and Yuanta Daily. YuantaP Shrs is traded on Taiwan Stock Exchange in Taiwan. More
Yuanta Daily 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 Daily'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 Daily CSI upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.59 | |||
| Information Ratio | 0.0653 | |||
| Maximum Drawdown | 41.04 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 7.8 |
Yuanta Daily Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yuanta Daily's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yuanta Daily's standard deviation. In reality, there are many statistical measures that can use Yuanta Daily historical prices to predict the future Yuanta Daily's volatility.| Risk Adjusted Performance | 0.079 | |||
| Jensen Alpha | 0.6334 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.0891 | |||
| Treynor Ratio | (0.28) |
Yuanta Daily CSI Backtested Returns
Yuanta Daily appears to be somewhat reliable, given 3 months investment horizon. Yuanta Daily CSI shows Sharpe Ratio of 0.0939, which attests that the etf had a 0.0939% return per unit of risk over the last 3 months. We have found thirty technical indicators for Yuanta Daily CSI, which you can use to evaluate the volatility of the etf. Please utilize Yuanta Daily's Market Risk Adjusted Performance of (0.27), downside deviation of 3.59, and Mean Deviation of 2.93 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of -1.6, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Yuanta Daily are expected to decrease by larger amounts. On the other hand, during market turmoil, Yuanta Daily is expected to outperform it.
Auto-correlation | -0.1 |
Very weak reverse predictability
Yuanta Daily CSI has very weak reverse predictability. Overlapping area represents the amount of predictability between Yuanta Daily 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 Yuanta Daily CSI price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Yuanta Daily price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Yuanta Daily CSI lagged returns against current returns
Autocorrelation, which is Yuanta Daily 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 Daily's etf expected returns. We can calculate the autocorrelation of Yuanta Daily returns to help us make a trade decision. For example, suppose you find that Yuanta Daily 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 Daily 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 Daily etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yuanta Daily etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yuanta Daily etf over time.
Current vs Lagged Prices |
| Timeline |
Yuanta Daily Lagged Returns
When evaluating Yuanta Daily's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yuanta Daily etf have on its future price. Yuanta Daily 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 Daily autocorrelation shows the relationship between Yuanta Daily etf current value and its past values and can show if there is a momentum factor associated with investing in Yuanta Daily CSI.
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 Daily 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 Daily security.