Fubon SP (Taiwan) Market Value
| 00717 Etf | TWD 15.89 0.04 0.25% |
| Symbol | Fubon |
Fubon SP '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 SP'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 SP.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Fubon SP on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Fubon SP Preferred or generate 0.0% return on investment in Fubon SP over 90 days. Fubon SP is related to or competes with Fubon Hang, Fubon NASDAQ, Fubon TWSE, Fubon Dow, Fubon NIFTY, and Fubon SSE180. FUBON SECURITIES is traded on Taiwan Stock Exchange in Taiwan. More
Fubon SP 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 SP'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 SP Preferred upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1187 | |||
| Maximum Drawdown | 3.16 | |||
| Value At Risk | (0.75) | |||
| Potential Upside | 1.06 |
Fubon SP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fubon SP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fubon SP's standard deviation. In reality, there are many statistical measures that can use Fubon SP historical prices to predict the future Fubon SP's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | 0.028 | |||
| Treynor Ratio | 0.7287 |
Fubon SP Preferred Backtested Returns
Fubon SP Preferred secures Sharpe Ratio (or Efficiency) of -0.0575, which denotes the etf had a -0.0575 % return per unit of standard deviation over the last 3 months. Fubon SP Preferred exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fubon SP's Coefficient Of Variation of (1,738), standard deviation of 0.562, and Mean Deviation of 0.4 to check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.0581, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fubon SP are expected to decrease at a much lower rate. During the bear market, Fubon SP is likely to outperform the market.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Fubon SP Preferred has insignificant reverse predictability. Overlapping area represents the amount of predictability between Fubon SP time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. 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 SP Preferred price movement. The serial correlation of -0.2 indicates that over 20.0% of current Fubon SP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Fubon SP Preferred lagged returns against current returns
Autocorrelation, which is Fubon SP 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 SP's etf expected returns. We can calculate the autocorrelation of Fubon SP returns to help us make a trade decision. For example, suppose you find that Fubon SP 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 SP 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 SP etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fubon SP etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fubon SP etf over time.
Current vs Lagged Prices |
| Timeline |
Fubon SP Lagged Returns
When evaluating Fubon SP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fubon SP etf have on its future price. Fubon SP 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 SP autocorrelation shows the relationship between Fubon SP etf current value and its past values and can show if there is a momentum factor associated with investing in Fubon SP Preferred.
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 SP 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 SP security.