Capital Taiex (Taiwan) Market Value
| 00686R Etf | TWD 2.25 0.02 0.90% |
| Symbol | Capital |
Capital 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 Capital 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 Capital Taiex.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Capital Taiex on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Capital Taiex Daily or generate 0.0% return on investment in Capital Taiex over 30 days. Capital Taiex is related to or competes with YuantaP Shares, Yuanta Daily, Yuanta Daily, Fubon FTSE, Fuh Hwa, Paradigm, and Yuanta Daily. CAPITAL INV is traded on Taiwan Stock Exchange in Taiwan. More
Capital 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 Capital 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 Capital Taiex Daily upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 4.88 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.76 |
Capital Taiex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Capital Taiex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Capital Taiex's standard deviation. In reality, there are many statistical measures that can use Capital Taiex historical prices to predict the future Capital Taiex's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | 0.5156 |
Capital Taiex Daily Backtested Returns
Capital Taiex Daily secures Sharpe Ratio (or Efficiency) of -0.0806, which signifies that the etf had a -0.0806% return per unit of risk over the last 3 months. Capital Taiex Daily exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Capital Taiex's Risk Adjusted Performance of (0.08), standard deviation of 1.02, and Mean Deviation of 0.7682 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Capital Taiex are expected to decrease at a much lower rate. During the bear market, Capital Taiex is likely to outperform the market.
Auto-correlation | 0.16 |
Very weak predictability
Capital Taiex Daily has very weak predictability. Overlapping area represents the amount of predictability between Capital Taiex time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Capital Taiex Daily price movement. The serial correlation of 0.16 indicates that over 16.0% of current Capital Taiex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Capital Taiex Daily lagged returns against current returns
Autocorrelation, which is Capital 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 Capital Taiex's etf expected returns. We can calculate the autocorrelation of Capital Taiex returns to help us make a trade decision. For example, suppose you find that Capital 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 |
Capital 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 Capital Taiex etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Capital Taiex etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Capital Taiex etf over time.
Current vs Lagged Prices |
| Timeline |
Capital Taiex Lagged Returns
When evaluating Capital Taiex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Capital Taiex etf have on its future price. Capital 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, Capital Taiex autocorrelation shows the relationship between Capital Taiex etf current value and its past values and can show if there is a momentum factor associated with investing in Capital Taiex Daily.
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 Capital Etf
Capital Taiex financial ratios help investors to determine whether Capital 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 Capital with respect to the benefits of owning Capital Taiex security.