Fubon TWSE (Taiwan) Market Value
| 00692 Etf | TWD 44.37 0.14 0.31% |
| Symbol | Fubon |
Fubon TWSE '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 TWSE'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 TWSE.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Fubon TWSE on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Fubon TWSE Corporate or generate 0.0% return on investment in Fubon TWSE over 510 days. Fubon TWSE is related to or competes with Yuanta Daily, and Paradigm. FUBON SECURITIES is traded on Taiwan Stock Exchange in Taiwan. More
Fubon TWSE 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 TWSE'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 TWSE Corporate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.79 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 1.85 |
Fubon TWSE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fubon TWSE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fubon TWSE's standard deviation. In reality, there are many statistical measures that can use Fubon TWSE historical prices to predict the future Fubon TWSE's volatility.| Risk Adjusted Performance | 0.0504 | |||
| Jensen Alpha | 0.0343 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.2557 |
Fubon TWSE Corporate Backtested Returns
Currently, Fubon TWSE Corporate is very steady. Fubon TWSE Corporate secures Sharpe Ratio (or Efficiency) of 0.0479, which denotes the etf had a 0.0479% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Fubon TWSE Corporate, which you can use to evaluate the volatility of the entity. Please confirm Fubon TWSE's Semi Deviation of 1.24, mean deviation of 0.8578, and Downside Deviation of 1.44 to check if the risk estimate we provide is consistent with the expected return of 0.0593%. The etf shows a Beta (market volatility) of 0.25, which means not very significant fluctuations relative to the market. As returns on the market increase, Fubon TWSE's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fubon TWSE is expected to be smaller as well.
Auto-correlation | 0.28 |
Poor predictability
Fubon TWSE Corporate has poor predictability. Overlapping area represents the amount of predictability between Fubon TWSE time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 TWSE Corporate price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Fubon TWSE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 7.9 |
Fubon TWSE Corporate lagged returns against current returns
Autocorrelation, which is Fubon TWSE 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 TWSE's etf expected returns. We can calculate the autocorrelation of Fubon TWSE returns to help us make a trade decision. For example, suppose you find that Fubon TWSE 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 TWSE 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 TWSE etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fubon TWSE etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fubon TWSE etf over time.
Current vs Lagged Prices |
| Timeline |
Fubon TWSE Lagged Returns
When evaluating Fubon TWSE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fubon TWSE etf have on its future price. Fubon TWSE 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 TWSE autocorrelation shows the relationship between Fubon TWSE etf current value and its past values and can show if there is a momentum factor associated with investing in Fubon TWSE Corporate.
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 TWSE 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 TWSE security.