Fubon NASDAQ (Taiwan) Market Value
| 00662 Etf | TWD 90.80 0.15 0.16% |
| Symbol | Fubon |
Fubon NASDAQ '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 NASDAQ'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 NASDAQ.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Fubon NASDAQ on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Fubon NASDAQ 100 Index or generate 0.0% return on investment in Fubon NASDAQ over 30 days. Fubon NASDAQ is related to or competes with Fubon Hang, Fubon SP, Fubon NASDAQ, Fubon TWSE, Fubon Dow, Fubon NIFTY, and Fubon SSE180. FUBON ASSET is traded on Taiwan Stock Exchange in Taiwan. More
Fubon NASDAQ 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 NASDAQ'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 NASDAQ 100 Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8665 | |||
| Information Ratio | 0.1523 | |||
| Maximum Drawdown | 6.5 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 1.56 |
Fubon NASDAQ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fubon NASDAQ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fubon NASDAQ's standard deviation. In reality, there are many statistical measures that can use Fubon NASDAQ historical prices to predict the future Fubon NASDAQ's volatility.| Risk Adjusted Performance | 0.1864 | |||
| Jensen Alpha | 0.1951 | |||
| Total Risk Alpha | 0.1179 | |||
| Sortino Ratio | 0.1741 | |||
| Treynor Ratio | 0.4739 |
Fubon NASDAQ 100 Backtested Returns
Fubon NASDAQ appears to be very steady, given 3 months investment horizon. Fubon NASDAQ 100 secures Sharpe Ratio (or Efficiency) of 0.22, which denotes the etf had a 0.22% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Fubon NASDAQ 100 Index, which you can use to evaluate the volatility of the entity. Please utilize Fubon NASDAQ's Mean Deviation of 0.7299, downside deviation of 0.8665, and Semi Deviation of 0.5516 to check if our risk estimates are consistent with your expectations. The etf shows a Beta (market volatility) of 0.51, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fubon NASDAQ's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fubon NASDAQ is expected to be smaller as well.
Auto-correlation | 0.75 |
Good predictability
Fubon NASDAQ 100 Index has good predictability. Overlapping area represents the amount of predictability between Fubon NASDAQ time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Fubon NASDAQ 100 price movement. The serial correlation of 0.75 indicates that around 75.0% of current Fubon NASDAQ price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.83 |
Fubon NASDAQ 100 lagged returns against current returns
Autocorrelation, which is Fubon NASDAQ 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 NASDAQ's etf expected returns. We can calculate the autocorrelation of Fubon NASDAQ returns to help us make a trade decision. For example, suppose you find that Fubon NASDAQ 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 NASDAQ 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 NASDAQ etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fubon NASDAQ etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fubon NASDAQ etf over time.
Current vs Lagged Prices |
| Timeline |
Fubon NASDAQ Lagged Returns
When evaluating Fubon NASDAQ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fubon NASDAQ etf have on its future price. Fubon NASDAQ 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 NASDAQ autocorrelation shows the relationship between Fubon NASDAQ etf current value and its past values and can show if there is a momentum factor associated with investing in Fubon NASDAQ 100 Index.
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 NASDAQ 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 NASDAQ security.