Fuh Hwa (Taiwan) Market Value
| 00710B Etf | TWD 20.03 0.03 0.15% |
| Symbol | Fuh |
Fuh Hwa '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 Fuh Hwa'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 Fuh Hwa.
| 12/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in Fuh Hwa on December 20, 2023 and sell it all today you would earn a total of 0.00 from holding Fuh Hwa 1 5 or generate 0.0% return on investment in Fuh Hwa over 360 days. Fuh Hwa is related to or competes with YuantaP Shares, Yuanta Daily, Yuanta Daily, Fubon FTSE, Fuh Hwa, Paradigm, and Yuanta Daily. FUH HWA is traded on Taiwan Stock Exchange in Taiwan. More
Fuh Hwa 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 Fuh Hwa'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 Fuh Hwa 1 5 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4285 | |||
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 1.73 | |||
| Value At Risk | (0.51) | |||
| Potential Upside | 0.5094 |
Fuh Hwa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fuh Hwa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fuh Hwa's standard deviation. In reality, there are many statistical measures that can use Fuh Hwa historical prices to predict the future Fuh Hwa's volatility.| Risk Adjusted Performance | 0.0425 | |||
| Jensen Alpha | 0.0077 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 0.1674 |
Fuh Hwa 1 Backtested Returns
At this point, Fuh Hwa is very steady. Fuh Hwa 1 secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the etf had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fuh Hwa 1 5, which you can use to evaluate the volatility of the entity. Please confirm Fuh Hwa's Coefficient Of Variation of 1394.27, downside deviation of 0.4285, and Mean Deviation of 0.2481 to check if the risk estimate we provide is consistent with the expected return of 0.0512%. The etf shows a Beta (market volatility) of 0.0993, which means not very significant fluctuations relative to the market. As returns on the market increase, Fuh Hwa's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fuh Hwa is expected to be smaller as well.
Auto-correlation | 0.29 |
Poor predictability
Fuh Hwa 1 5 has poor predictability. Overlapping area represents the amount of predictability between Fuh Hwa time series from 20th of December 2023 to 17th of June 2024 and 17th of June 2024 to 14th 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 Fuh Hwa 1 price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Fuh Hwa price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Fuh Hwa 1 lagged returns against current returns
Autocorrelation, which is Fuh Hwa 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 Fuh Hwa's etf expected returns. We can calculate the autocorrelation of Fuh Hwa returns to help us make a trade decision. For example, suppose you find that Fuh Hwa 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 |
Fuh Hwa 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 Fuh Hwa etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fuh Hwa etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fuh Hwa etf over time.
Current vs Lagged Prices |
| Timeline |
Fuh Hwa Lagged Returns
When evaluating Fuh Hwa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fuh Hwa etf have on its future price. Fuh Hwa 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, Fuh Hwa autocorrelation shows the relationship between Fuh Hwa etf current value and its past values and can show if there is a momentum factor associated with investing in Fuh Hwa 1 5.
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 Fuh Etf
Fuh Hwa financial ratios help investors to determine whether Fuh 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 Fuh with respect to the benefits of owning Fuh Hwa security.