Fubon Dow (Taiwan) Market Value
| 00730 Etf | TWD 22.35 0.07 0.31% |
| Symbol | Fubon |
Fubon Dow '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 Dow'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 Dow.
| 11/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in Fubon Dow on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding Fubon Dow Jones or generate 0.0% return on investment in Fubon Dow over 390 days. Fubon Dow is related to or competes with YuantaP Shares, Yuanta Daily, Yuanta Daily, Fubon FTSE, Fuh Hwa, Paradigm, and Yuanta Daily. FUBON ASSET is traded on Taiwan Stock Exchange in Taiwan. More
Fubon Dow 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 Dow'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 Dow Jones upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 6.94 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.39 |
Fubon Dow Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fubon Dow's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fubon Dow's standard deviation. In reality, there are many statistical measures that can use Fubon Dow historical prices to predict the future Fubon Dow's volatility.| Risk Adjusted Performance | 0.0076 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.05) |
Fubon Dow Jones Backtested Returns
Fubon Dow Jones secures Sharpe Ratio (or Efficiency) of -0.0186, which denotes the etf had a -0.0186% return per unit of standard deviation over the last 3 months. Fubon Dow Jones exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fubon Dow's Mean Deviation of 0.6906, semi deviation of 1.07, and Downside Deviation of 1.21 to check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.0662, which means not very significant fluctuations relative to the market. As returns on the market increase, Fubon Dow's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fubon Dow is expected to be smaller as well.
Auto-correlation | -0.09 |
Very weak reverse predictability
Fubon Dow Jones has very weak reverse predictability. Overlapping area represents the amount of predictability between Fubon Dow time series from 20th of November 2023 to 2nd of June 2024 and 2nd 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 Fubon Dow Jones price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Fubon Dow price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Fubon Dow Jones lagged returns against current returns
Autocorrelation, which is Fubon Dow 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 Dow's etf expected returns. We can calculate the autocorrelation of Fubon Dow returns to help us make a trade decision. For example, suppose you find that Fubon Dow 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 Dow 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 Dow etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fubon Dow etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fubon Dow etf over time.
Current vs Lagged Prices |
| Timeline |
Fubon Dow Lagged Returns
When evaluating Fubon Dow's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fubon Dow etf have on its future price. Fubon Dow 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 Dow autocorrelation shows the relationship between Fubon Dow etf current value and its past values and can show if there is a momentum factor associated with investing in Fubon Dow Jones.
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 Dow 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 Dow security.