Fubon 1 (Taiwan) Market Value
| 00694B Etf | TWD 41.92 0.13 0.31% |
| Symbol | Fubon |
Please note, there is a significant difference between Fubon 1's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fubon 1 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fubon 1's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Fubon 1 '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 1'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 1.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Fubon 1 on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Fubon 1 3 Years or generate 0.0% return on investment in Fubon 1 over 30 days. Fubon 1 is related to or competes with Yuanta Daily, and Paradigm. More
Fubon 1 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 1'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 1 3 Years upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3146 | |||
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 1.21 | |||
| Value At Risk | (0.44) | |||
| Potential Upside | 0.5308 |
Fubon 1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fubon 1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fubon 1's standard deviation. In reality, there are many statistical measures that can use Fubon 1 historical prices to predict the future Fubon 1's volatility.| Risk Adjusted Performance | 0.0775 | |||
| Jensen Alpha | 0.0203 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.30) | |||
| Treynor Ratio | 0.6401 |
Fubon 1 3 Backtested Returns
At this point, Fubon 1 is very steady. Fubon 1 3 secures Sharpe Ratio (or Efficiency) of 0.0924, which denotes the etf had a 0.0924% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Fubon 1 3 Years, which you can use to evaluate the volatility of the entity. Please confirm Fubon 1's Semi Deviation of 0.1514, downside deviation of 0.3146, and Mean Deviation of 0.2124 to check if the risk estimate we provide is consistent with the expected return of 0.0264%. The etf shows a Beta (market volatility) of 0.0391, which means not very significant fluctuations relative to the market. As returns on the market increase, Fubon 1's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fubon 1 is expected to be smaller as well.
Auto-correlation | 0.01 |
Virtually no predictability
Fubon 1 3 Years has virtually no predictability. Overlapping area represents the amount of predictability between Fubon 1 time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 1 3 price movement. The serial correlation of 0.01 indicates that just 1.0% of current Fubon 1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Fubon 1 3 lagged returns against current returns
Autocorrelation, which is Fubon 1 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 1's etf expected returns. We can calculate the autocorrelation of Fubon 1 returns to help us make a trade decision. For example, suppose you find that Fubon 1 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 1 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 1 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fubon 1 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fubon 1 etf over time.
Current vs Lagged Prices |
| Timeline |
Fubon 1 Lagged Returns
When evaluating Fubon 1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fubon 1 etf have on its future price. Fubon 1 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 1 autocorrelation shows the relationship between Fubon 1 etf current value and its past values and can show if there is a momentum factor associated with investing in Fubon 1 3 Years.
Regressed Prices |
| Timeline |
Pair Trading with Fubon 1
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fubon 1 position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fubon 1 will appreciate offsetting losses from the drop in the long position's value.Moving against Fubon Etf
| 0.62 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.52 | 00669R | Cathay DJIA Inv | PairCorr |
| 0.48 | 006201 | YuantaP shares Taiwan | PairCorr |
| 0.44 | 00648R | Yuanta Daily SP | PairCorr |
| 0.38 | 00885 | Fubon FTSE Vietnam | PairCorr |
The ability to find closely correlated positions to Fubon 1 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fubon 1 when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fubon 1 - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fubon 1 3 Years to buy it.
The correlation of Fubon 1 is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fubon 1 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fubon 1 3 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fubon 1 can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Fubon Etf
Fubon 1 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 1 security.