Fubon NIFTY (Taiwan) Market Value
| 00652 Etf | TWD 34.45 0.04 0.12% |
| Symbol | Fubon |
Fubon NIFTY '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 NIFTY'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 NIFTY.
| 01/04/2025 |
| 03/05/2025 |
If you would invest 0.00 in Fubon NIFTY on January 4, 2025 and sell it all today you would earn a total of 0.00 from holding Fubon NIFTY or generate 0.0% return on investment in Fubon NIFTY over 60 days. Fubon NIFTY is related to or competes with Fubon Hang, Fubon SP, Fubon NASDAQ, Fubon TWSE, Fubon Dow, Fubon SSE180, and Fubon Hang. Fubon NIFTY is traded on Taiwan Stock Exchange in Taiwan. More
Fubon NIFTY 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 NIFTY'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 NIFTY upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 5.21 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 1.35 |
Fubon NIFTY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fubon NIFTY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fubon NIFTY's standard deviation. In reality, there are many statistical measures that can use Fubon NIFTY historical prices to predict the future Fubon NIFTY's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 2.08 |
Fubon NIFTY Backtested Returns
Fubon NIFTY secures Sharpe Ratio (or Efficiency) of -0.28, which denotes the etf had a -0.28 % return per unit of standard deviation over the last 3 months. Fubon NIFTY exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fubon NIFTY's Mean Deviation of 0.6055, coefficient of variation of (635.67), and Standard Deviation of 0.8357 to check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.068, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fubon NIFTY are expected to decrease at a much lower rate. During the bear market, Fubon NIFTY is likely to outperform the market.
Auto-correlation | 0.75 |
Good predictability
Fubon NIFTY has good predictability. Overlapping area represents the amount of predictability between Fubon NIFTY time series from 4th of January 2025 to 3rd of February 2025 and 3rd of February 2025 to 5th of March 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 Fubon NIFTY price movement. The serial correlation of 0.75 indicates that around 75.0% of current Fubon NIFTY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Fubon NIFTY lagged returns against current returns
Autocorrelation, which is Fubon NIFTY 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 NIFTY's etf expected returns. We can calculate the autocorrelation of Fubon NIFTY returns to help us make a trade decision. For example, suppose you find that Fubon NIFTY 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 NIFTY 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 NIFTY etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fubon NIFTY etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fubon NIFTY etf over time.
Current vs Lagged Prices |
| Timeline |
Fubon NIFTY Lagged Returns
When evaluating Fubon NIFTY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fubon NIFTY etf have on its future price. Fubon NIFTY 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 NIFTY autocorrelation shows the relationship between Fubon NIFTY etf current value and its past values and can show if there is a momentum factor associated with investing in Fubon NIFTY.
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 NIFTY 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 NIFTY security.