Capital BofA (Taiwan) Market Value
| 00722B Etf | TWD 40.22 0.19 0.47% |
| Symbol | Capital |
Please note, there is a significant difference between Capital BofA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Capital BofA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Capital BofA'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.
Capital BofA '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 BofA'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 BofA.
| 12/10/2023 |
| 12/04/2024 |
If you would invest 0.00 in Capital BofA on December 10, 2023 and sell it all today you would earn a total of 0.00 from holding Capital BofA Merrill or generate 0.0% return on investment in Capital BofA over 360 days. Capital BofA is related to or competes with Ruentex Development, Symtek Automation, CTCI Corp, Information Technology, Kinko Optical, Giant Manufacturing, and Great Taipei. More
Capital BofA 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 BofA'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 BofA Merrill upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6655 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 2.72 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 0.9188 |
Capital BofA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Capital BofA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Capital BofA's standard deviation. In reality, there are many statistical measures that can use Capital BofA historical prices to predict the future Capital BofA's volatility.| Risk Adjusted Performance | 0.0406 | |||
| Jensen Alpha | 0.0178 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.3928 |
Capital BofA Merrill Backtested Returns
At this point, Capital BofA is very steady. Capital BofA Merrill secures Sharpe Ratio (or Efficiency) of 0.0363, which signifies that the etf had a 0.0363% return per unit of risk over the last 3 months. We have found thirty technical indicators for Capital BofA Merrill, which you can use to evaluate the volatility of the entity. Please confirm Capital BofA's Risk Adjusted Performance of 0.0406, downside deviation of 0.6655, and Mean Deviation of 0.4483 to double-check if the risk estimate we provide is consistent with the expected return of 0.0221%. The etf shows a Beta (market volatility) of 0.0615, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Capital BofA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Capital BofA is expected to be smaller as well.
Auto-correlation | 0.01 |
Virtually no predictability
Capital BofA Merrill has virtually no predictability. Overlapping area represents the amount of predictability between Capital BofA time series from 10th of December 2023 to 7th of June 2024 and 7th of June 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 BofA Merrill price movement. The serial correlation of 0.01 indicates that just 1.0% of current Capital BofA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Capital BofA Merrill lagged returns against current returns
Autocorrelation, which is Capital BofA 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 BofA's etf expected returns. We can calculate the autocorrelation of Capital BofA returns to help us make a trade decision. For example, suppose you find that Capital BofA 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 BofA 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 BofA etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Capital BofA etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Capital BofA etf over time.
Current vs Lagged Prices |
| Timeline |
Capital BofA Lagged Returns
When evaluating Capital BofA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Capital BofA etf have on its future price. Capital BofA 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 BofA autocorrelation shows the relationship between Capital BofA etf current value and its past values and can show if there is a momentum factor associated with investing in Capital BofA Merrill.
Regressed Prices |
| Timeline |
Pair Trading with Capital BofA
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 Capital BofA 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 Capital BofA will appreciate offsetting losses from the drop in the long position's value.Moving against Capital Etf
| 0.78 | 00881 | Cathay Taiwan 5G | PairCorr |
| 0.7 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.61 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.6 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.55 | 00631L | Yuanta Daily Taiwan | PairCorr |
The ability to find closely correlated positions to Capital BofA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Capital BofA 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 Capital BofA - 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 Capital BofA Merrill to buy it.
The correlation of Capital BofA 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 Capital BofA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Capital BofA Merrill 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 Capital BofA 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 Capital Etf
Capital BofA 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 BofA security.