Fuh Hwa (Taiwan) Market Value
| 00789B Etf | TWD 50.90 0.05 0.1% |
| Symbol | Fuh |
Please note, there is a significant difference between Fuh Hwa's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fuh Hwa is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fuh Hwa'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.
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.
| 12/24/2024 |
| 01/23/2025 |
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 20 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 2.58 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 0.9588 |
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 | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.14) |
Fuh Hwa 20 Backtested Returns
Fuh Hwa 20 secures Sharpe Ratio (or Efficiency) of -0.0347, which denotes the etf had a -0.0347 % return per unit of risk over the last 3 months. Fuh Hwa 20 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fuh Hwa's Mean Deviation of 0.5353, variance of 0.4353, and Standard Deviation of 0.6598 to check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.23, 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 | -0.57 |
Good reverse predictability
Fuh Hwa 20 has good reverse predictability. Overlapping area represents the amount of predictability between Fuh Hwa time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 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 Fuh Hwa 20 price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Fuh Hwa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Fuh Hwa 20 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 20.
Regressed Prices |
| Timeline |
Pair Trading with Fuh Hwa
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 Fuh Hwa 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 Fuh Hwa will appreciate offsetting losses from the drop in the long position's value.Moving against Fuh Etf
| 0.62 | 00715L | Paradigm SP GSCI | PairCorr |
| 0.48 | 00730 | Fubon Dow Jones | PairCorr |
| 0.43 | 006208 | Fubon FTSE TWSE | PairCorr |
| 0.42 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.38 | 0053 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to Fuh Hwa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fuh Hwa 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 Fuh Hwa - 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 Fuh Hwa 20 to buy it.
The correlation of Fuh Hwa 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 Fuh Hwa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fuh Hwa 20 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 Fuh Hwa 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 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.