Yuanta Treasury (Taiwan) Market Value
| 00719B Etf | 31.82 0.06 0.19% |
| Symbol | Yuanta |
Yuanta Treasury '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 Treasury'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 Treasury.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Yuanta Treasury on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Yuanta Treasury 1 3 or generate 0.0% return on investment in Yuanta Treasury over 720 days.
Yuanta Treasury 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 Treasury'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 Treasury 1 3 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2841 | |||
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 1.31 | |||
| Value At Risk | (0.44) | |||
| Potential Upside | 0.4783 |
Yuanta Treasury Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yuanta Treasury's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yuanta Treasury's standard deviation. In reality, there are many statistical measures that can use Yuanta Treasury historical prices to predict the future Yuanta Treasury's volatility.| Risk Adjusted Performance | 0.0586 | |||
| Jensen Alpha | 0.0152 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.36) | |||
| Treynor Ratio | 1.02 |
Yuanta Treasury 1 Backtested Returns
At this point, Yuanta Treasury is very steady. Yuanta Treasury 1 shows Sharpe Ratio of 0.1, which attests that the etf had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Yuanta Treasury 1, which you can use to evaluate the volatility of the etf. Please check out Yuanta Treasury's Downside Deviation of 0.2841, mean deviation of 0.2024, and Market Risk Adjusted Performance of 1.03 to validate if the risk estimate we provide is consistent with the expected return of 0.0275%. The entity maintains a market beta of 0.017, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Yuanta Treasury's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yuanta Treasury is expected to be smaller as well.
Auto-correlation | 0.85 |
Very good predictability
Yuanta Treasury 1 3 has very good predictability. Overlapping area represents the amount of predictability between Yuanta Treasury time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Yuanta Treasury 1 price movement. The serial correlation of 0.85 indicates that around 85.0% of current Yuanta Treasury price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.59 |
Yuanta Treasury 1 lagged returns against current returns
Autocorrelation, which is Yuanta Treasury 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 Treasury's etf expected returns. We can calculate the autocorrelation of Yuanta Treasury returns to help us make a trade decision. For example, suppose you find that Yuanta Treasury 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 Treasury 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 Treasury etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yuanta Treasury etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yuanta Treasury etf over time.
Current vs Lagged Prices |
| Timeline |
Yuanta Treasury Lagged Returns
When evaluating Yuanta Treasury's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yuanta Treasury etf have on its future price. Yuanta Treasury 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 Treasury autocorrelation shows the relationship between Yuanta Treasury etf current value and its past values and can show if there is a momentum factor associated with investing in Yuanta Treasury 1 3.
Regressed Prices |
| Timeline |
Pair Trading with Yuanta Treasury
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 Yuanta Treasury 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 Yuanta Treasury will appreciate offsetting losses from the drop in the long position's value.Moving against Yuanta Etf
| 0.55 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.44 | 00885 | Fubon FTSE Vietnam | PairCorr |
| 0.37 | 00711B | Fuh Hwa Emerging | PairCorr |
The ability to find closely correlated positions to Yuanta Treasury could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yuanta Treasury 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 Yuanta Treasury - 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 Yuanta Treasury 1 3 to buy it.
The correlation of Yuanta Treasury 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 Yuanta Treasury moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yuanta Treasury 1 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 Yuanta Treasury 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.