Yuanta 10 (Taiwan) Market Value
| 00788B Etf | TWD 32.68 0.20 0.61% |
| Symbol | Yuanta |
Please note, there is a significant difference between Yuanta 10's value and its price as these two are different measures arrived at by different means. Investors typically determine if Yuanta 10 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Yuanta 10's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Yuanta 10 '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 Yuanta 10'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 Yuanta 10.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Yuanta 10 on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Yuanta 10 Investment or generate 0.0% return on investment in Yuanta 10 over 30 days. Yuanta 10 is related to or competes with Yuanta Daily, Yuanta SP, Yuanta SP, Yuanta STOXX, Yuanta EURO, and Yuanta Daily. More
Yuanta 10 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 Yuanta 10'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 Yuanta 10 Investment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 2.49 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 0.8571 |
Yuanta 10 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yuanta 10's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yuanta 10's standard deviation. In reality, there are many statistical measures that can use Yuanta 10 historical prices to predict the future Yuanta 10's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (1.16) |
Yuanta 10 Investment Backtested Returns
Yuanta 10 Investment shows Sharpe Ratio of -0.0375, which attests that the etf had a -0.0375% return per unit of risk over the last 3 months. Yuanta 10 Investment exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yuanta 10's Market Risk Adjusted Performance of (1.15), mean deviation of 0.4187, and Standard Deviation of 0.5685 to validate the risk estimate we provide. The entity maintains a market beta of 0.025, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Yuanta 10's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yuanta 10 is expected to be smaller as well.
Auto-correlation | -0.51 |
Good reverse predictability
Yuanta 10 Investment has good reverse predictability. Overlapping area represents the amount of predictability between Yuanta 10 time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Yuanta 10 Investment price movement. The serial correlation of -0.51 indicates that about 51.0% of current Yuanta 10 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Yuanta 10 Investment lagged returns against current returns
Autocorrelation, which is Yuanta 10 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 Yuanta 10's etf expected returns. We can calculate the autocorrelation of Yuanta 10 returns to help us make a trade decision. For example, suppose you find that Yuanta 10 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 |
Yuanta 10 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 Yuanta 10 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yuanta 10 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yuanta 10 etf over time.
Current vs Lagged Prices |
| Timeline |
Yuanta 10 Lagged Returns
When evaluating Yuanta 10's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yuanta 10 etf have on its future price. Yuanta 10 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, Yuanta 10 autocorrelation shows the relationship between Yuanta 10 etf current value and its past values and can show if there is a momentum factor associated with investing in Yuanta 10 Investment.
Regressed Prices |
| Timeline |
Pair Trading with Yuanta 10
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Yuanta 10 position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Yuanta 10 will appreciate offsetting losses from the drop in the long position's value.Moving against Yuanta Etf
| 0.68 | 00881 | Cathay Taiwan 5G | PairCorr |
| 0.62 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.59 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.59 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.54 | 00631L | Yuanta Daily Taiwan | PairCorr |
The ability to find closely correlated positions to Yuanta 10 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yuanta 10 when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Yuanta 10 - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Yuanta 10 Investment to buy it.
The correlation of Yuanta 10 is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Yuanta 10 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yuanta 10 Investment moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Yuanta 10 can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Yuanta Etf
Yuanta 10 financial ratios help investors to determine whether Yuanta 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 Yuanta with respect to the benefits of owning Yuanta 10 security.