Sinopac TAIEX's market value is the price at which a share of Sinopac TAIEX trades on a public exchange. It measures the collective expectations of Sinopac TAIEX ETF investors about its performance. Sinopac TAIEX is trading at 113.30 as of the 13th of January 2025, a 1.69 percent decrease since the beginning of the trading day. The etf's open price was 115.25. With this module, you can estimate the performance of a buy and hold strategy of Sinopac TAIEX ETF and determine expected loss or profit from investing in Sinopac TAIEX over a given investment horizon. Check out Sinopac TAIEX Correlation, Sinopac TAIEX Volatility and Sinopac TAIEX Alpha and Beta module to complement your research on Sinopac TAIEX.
Please note, there is a significant difference between Sinopac TAIEX's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sinopac TAIEX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sinopac TAIEX'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.
Sinopac TAIEX '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 Sinopac TAIEX'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 Sinopac TAIEX.
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12/14/2024
No Change 0.00
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In 30 days
01/13/2025
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If you would invest 0.00 in Sinopac TAIEX on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Sinopac TAIEX ETF or generate 0.0% return on investment in Sinopac TAIEX over 30 days. Sinopac TAIEX is related to or competes with Cathay TIP, and Yuanta Daily. SINOPAC SECS is traded on Taiwan Stock Exchange in Taiwan. More
Sinopac TAIEX 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 Sinopac TAIEX'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 Sinopac TAIEX ETF upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinopac TAIEX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinopac TAIEX's standard deviation. In reality, there are many statistical measures that can use Sinopac TAIEX historical prices to predict the future Sinopac TAIEX's volatility.
Sinopac TAIEX ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.047, which indicates the etf had a -0.047% return per unit of risk over the last 3 months. Sinopac TAIEX ETF exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sinopac TAIEX's Coefficient Of Variation of 4691.62, risk adjusted performance of 0.0189, and Semi Deviation of 0.8083 to confirm the risk estimate we provide. The entity has a beta of 0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sinopac TAIEX's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sinopac TAIEX is expected to be smaller as well.
Auto-correlation
-0.38
Poor reverse predictability
Sinopac TAIEX ETF has poor reverse predictability. Overlapping area represents the amount of predictability between Sinopac TAIEX time series from 14th of December 2024 to 29th of December 2024 and 29th of December 2024 to 13th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sinopac TAIEX ETF price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Sinopac TAIEX price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.38
Spearman Rank Test
-0.24
Residual Average
0.0
Price Variance
2.35
Sinopac TAIEX ETF lagged returns against current returns
Autocorrelation, which is Sinopac TAIEX 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 Sinopac TAIEX's etf expected returns. We can calculate the autocorrelation of Sinopac TAIEX returns to help us make a trade decision. For example, suppose you find that Sinopac TAIEX 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
Sinopac TAIEX 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 Sinopac TAIEX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinopac TAIEX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinopac TAIEX etf over time.
Current vs Lagged Prices
Timeline
Sinopac TAIEX Lagged Returns
When evaluating Sinopac TAIEX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinopac TAIEX etf have on its future price. Sinopac TAIEX 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, Sinopac TAIEX autocorrelation shows the relationship between Sinopac TAIEX etf current value and its past values and can show if there is a momentum factor associated with investing in Sinopac TAIEX ETF.
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.
Sinopac TAIEX financial ratios help investors to determine whether Sinopac 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 Sinopac with respect to the benefits of owning Sinopac TAIEX security.