Yuanta Global (Taiwan) Market Value
| 00876 Etf | TWD 37.84 0.27 0.72% |
| Symbol | Yuanta |
Please note, there is a significant difference between Yuanta Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Yuanta Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Yuanta Global'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 Global '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 Global'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 Global.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Yuanta Global on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Yuanta Global NexGen or generate 0.0% return on investment in Yuanta Global over 30 days. Yuanta Global is related to or competes with YuantaP Shares, Yuanta Daily, Yuanta Daily, Fubon FTSE, Fuh Hwa, Paradigm, and Yuanta Daily. YUANTA SECURITIES is traded on Taiwan Stock Exchange in Taiwan. More
Yuanta Global 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 Global'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 Global NexGen upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 7.39 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 2.09 |
Yuanta Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yuanta Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yuanta Global's standard deviation. In reality, there are many statistical measures that can use Yuanta Global historical prices to predict the future Yuanta Global's volatility.| Risk Adjusted Performance | 0.0718 | |||
| Jensen Alpha | 0.0571 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.2421 |
Yuanta Global NexGen Backtested Returns
Currently, Yuanta Global NexGen is very steady. Yuanta Global NexGen shows Sharpe Ratio of 0.0525, which attests that the etf had a 0.0525% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Yuanta Global NexGen, which you can use to evaluate the volatility of the etf. Please check out Yuanta Global's Downside Deviation of 1.19, market risk adjusted performance of 0.2521, and Mean Deviation of 0.8281 to validate if the risk estimate we provide is consistent with the expected return of 0.0586%. The entity maintains a market beta of 0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Yuanta Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yuanta Global is expected to be smaller as well.
Auto-correlation | -0.85 |
Excellent reverse predictability
Yuanta Global NexGen has excellent reverse predictability. Overlapping area represents the amount of predictability between Yuanta Global 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 Global NexGen price movement. The serial correlation of -0.85 indicates that around 85.0% of current Yuanta Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Yuanta Global NexGen lagged returns against current returns
Autocorrelation, which is Yuanta Global 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 Global's etf expected returns. We can calculate the autocorrelation of Yuanta Global returns to help us make a trade decision. For example, suppose you find that Yuanta Global 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 Global 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 Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yuanta Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yuanta Global etf over time.
Current vs Lagged Prices |
| Timeline |
Yuanta Global Lagged Returns
When evaluating Yuanta Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yuanta Global etf have on its future price. Yuanta Global 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 Global autocorrelation shows the relationship between Yuanta Global etf current value and its past values and can show if there is a momentum factor associated with investing in Yuanta Global NexGen.
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 Yuanta Etf
Yuanta Global 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 Global security.