Yuanta EURO (Taiwan) Market Value
| 00660 Etf | TWD 35.81 0.25 0.70% |
| Symbol | Yuanta |
Yuanta EURO '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 EURO'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 EURO.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Yuanta EURO on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Yuanta EURO STOXX or generate 0.0% return on investment in Yuanta EURO over 720 days. Yuanta EURO is related to or competes with YuantaP Shares, Yuanta Daily, Yuanta Daily, Fubon FTSE, Fuh Hwa, Paradigm, and Yuanta Daily. YUANTA SECURITIES is traded on Taiwan Stock Exchange in Taiwan. More
Yuanta EURO 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 EURO'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 EURO STOXX upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 4.63 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 1.43 |
Yuanta EURO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yuanta EURO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yuanta EURO's standard deviation. In reality, there are many statistical measures that can use Yuanta EURO historical prices to predict the future Yuanta EURO's volatility.| Risk Adjusted Performance | 0.039 | |||
| Jensen Alpha | 0.0302 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.7407 |
Yuanta EURO STOXX Backtested Returns
Currently, Yuanta EURO STOXX is very steady. Yuanta EURO STOXX shows Sharpe Ratio of 0.0277, which attests that the etf had a 0.0277% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Yuanta EURO STOXX, which you can use to evaluate the volatility of the etf. Please check out Yuanta EURO's Market Risk Adjusted Performance of 0.7507, mean deviation of 0.6423, and Downside Deviation of 1.04 to validate if the risk estimate we provide is consistent with the expected return of 0.0242%. The entity maintains a market beta of 0.0472, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Yuanta EURO's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yuanta EURO is expected to be smaller as well.
Auto-correlation | 0.28 |
Poor predictability
Yuanta EURO STOXX has poor predictability. Overlapping area represents the amount of predictability between Yuanta EURO time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Yuanta EURO STOXX price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Yuanta EURO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 1.45 |
Yuanta EURO STOXX lagged returns against current returns
Autocorrelation, which is Yuanta EURO 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 EURO's etf expected returns. We can calculate the autocorrelation of Yuanta EURO returns to help us make a trade decision. For example, suppose you find that Yuanta EURO 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 EURO 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 EURO etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yuanta EURO etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yuanta EURO etf over time.
Current vs Lagged Prices |
| Timeline |
Yuanta EURO Lagged Returns
When evaluating Yuanta EURO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yuanta EURO etf have on its future price. Yuanta EURO 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 EURO autocorrelation shows the relationship between Yuanta EURO etf current value and its past values and can show if there is a momentum factor associated with investing in Yuanta EURO STOXX.
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 Yuanta Etf
Yuanta EURO financial ratios help investors to determine whether Yuanta 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 Yuanta with respect to the benefits of owning Yuanta EURO security.