Capital Nasdaq (Taiwan) Market Value
| 00678 Etf | TWD 29.88 0.05 0.17% |
| Symbol | Capital |
Capital Nasdaq '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 Capital Nasdaq'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 Capital Nasdaq.
| 06/07/2024 |
| 12/04/2024 |
If you would invest 0.00 in Capital Nasdaq on June 7, 2024 and sell it all today you would earn a total of 0.00 from holding Capital Nasdaq Biotechnology or generate 0.0% return on investment in Capital Nasdaq over 180 days. Capital Nasdaq is related to or competes with Ruentex Development, Symtek Automation, CTCI Corp, Information Technology, Kinko Optical, Giant Manufacturing, and Great Taipei. CAPITAL SECURITIES is traded on Taiwan Stock Exchange in Taiwan. More
Capital Nasdaq 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 Capital Nasdaq'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 Capital Nasdaq Biotechnology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 5.94 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 1.38 |
Capital Nasdaq Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Capital Nasdaq's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Capital Nasdaq's standard deviation. In reality, there are many statistical measures that can use Capital Nasdaq historical prices to predict the future Capital Nasdaq's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.12) |
Capital Nasdaq Biote Backtested Returns
Capital Nasdaq Biote secures Sharpe Ratio (or Efficiency) of -0.0226, which signifies that the etf had a -0.0226% return per unit of risk over the last 3 months. Capital Nasdaq Biotechnology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Capital Nasdaq's Standard Deviation of 1.05, mean deviation of 0.7528, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Capital Nasdaq's returns are expected to increase less than the market. However, during the bear market, the loss of holding Capital Nasdaq is expected to be smaller as well.
Auto-correlation | -0.43 |
Modest reverse predictability
Capital Nasdaq Biotechnology has modest reverse predictability. Overlapping area represents the amount of predictability between Capital Nasdaq time series from 7th of June 2024 to 5th of September 2024 and 5th of September 2024 to 4th of December 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 Capital Nasdaq Biote price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Capital Nasdaq price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
Capital Nasdaq Biote lagged returns against current returns
Autocorrelation, which is Capital Nasdaq 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 Capital Nasdaq's etf expected returns. We can calculate the autocorrelation of Capital Nasdaq returns to help us make a trade decision. For example, suppose you find that Capital Nasdaq 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 |
Capital Nasdaq 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 Capital Nasdaq etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Capital Nasdaq etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Capital Nasdaq etf over time.
Current vs Lagged Prices |
| Timeline |
Capital Nasdaq Lagged Returns
When evaluating Capital Nasdaq's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Capital Nasdaq etf have on its future price. Capital Nasdaq 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, Capital Nasdaq autocorrelation shows the relationship between Capital Nasdaq etf current value and its past values and can show if there is a momentum factor associated with investing in Capital Nasdaq Biotechnology.
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 Capital Etf
Capital Nasdaq financial ratios help investors to determine whether Capital 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 Capital with respect to the benefits of owning Capital Nasdaq security.