Fubon Hang (Taiwan) Market Value
| 00665L Etf | TWD 8.21 0.48 5.52% |
| Symbol | Fubon |
Fubon Hang '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 Hang'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 Hang.
| 12/26/2022 |
| 12/15/2024 |
If you would invest 0.00 in Fubon Hang on December 26, 2022 and sell it all today you would earn a total of 0.00 from holding Fubon Hang Seng or generate 0.0% return on investment in Fubon Hang over 720 days. Fubon Hang is related to or competes with YuantaP Shares, Yuanta Daily, Yuanta Daily, Fubon FTSE, Fuh Hwa, Paradigm, and Yuanta Daily. FUBON SECURITIES is traded on Taiwan Stock Exchange in Taiwan. More
Fubon Hang 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 Hang'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 Hang Seng upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.5 | |||
| Information Ratio | 0.1085 | |||
| Maximum Drawdown | 37.33 | |||
| Value At Risk | (5.52) | |||
| Potential Upside | 8.02 |
Fubon Hang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fubon Hang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fubon Hang's standard deviation. In reality, there are many statistical measures that can use Fubon Hang historical prices to predict the future Fubon Hang's volatility.| Risk Adjusted Performance | 0.1024 | |||
| Jensen Alpha | 0.5626 | |||
| Total Risk Alpha | 0.0149 | |||
| Sortino Ratio | 0.1152 | |||
| Treynor Ratio | 1.2 |
Fubon Hang Seng Backtested Returns
Fubon Hang appears to be slightly risky, given 3 months investment horizon. Fubon Hang Seng secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the etf had a 0.12% return per unit of standard deviation over the last 3 months. By reviewing Fubon Hang's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please utilize Fubon Hang's Downside Deviation of 4.5, semi deviation of 3.59, and Mean Deviation of 3.12 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 Hang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fubon Hang is expected to be smaller as well.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Fubon Hang Seng has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fubon Hang time series from 26th of December 2022 to 21st of December 2023 and 21st of December 2023 to 15th 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 Hang Seng price movement. The serial correlation of -0.77 indicates that around 77.0% of current Fubon Hang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 1.64 |
Fubon Hang Seng lagged returns against current returns
Autocorrelation, which is Fubon Hang 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 Hang's etf expected returns. We can calculate the autocorrelation of Fubon Hang returns to help us make a trade decision. For example, suppose you find that Fubon Hang 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 Hang 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 Hang etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fubon Hang etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fubon Hang etf over time.
Current vs Lagged Prices |
| Timeline |
Fubon Hang Lagged Returns
When evaluating Fubon Hang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fubon Hang etf have on its future price. Fubon Hang 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 Hang autocorrelation shows the relationship between Fubon Hang etf current value and its past values and can show if there is a momentum factor associated with investing in Fubon Hang Seng.
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 Hang 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 Hang security.