Sinopac Securities (Taiwan) Market Value
| 00887 Etf | TWD 8.86 0.06 0.68% |
| Symbol | Sinopac |
Please note, there is a significant difference between Sinopac Securities' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sinopac Securities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sinopac Securities' 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.
Sinopac Securities '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 Sinopac Securities' 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 Sinopac Securities.
| 12/03/2023 |
| 12/27/2024 |
If you would invest 0.00 in Sinopac Securities on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Sinopac Securities Corp or generate 0.0% return on investment in Sinopac Securities over 390 days. Sinopac Securities is related to or competes with YuantaP Shares, Yuanta Daily, Fubon FTSE, Fuh Hwa, Paradigm, and Yuanta Daily. SINOPAC SECS is traded on Taiwan OTC Exchange in Taiwan. More
Sinopac Securities 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 Sinopac Securities' 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 Sinopac Securities Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.11 | |||
| Information Ratio | 0.0643 | |||
| Maximum Drawdown | 167.29 | |||
| Value At Risk | (6.57) | |||
| Potential Upside | 13.06 |
Sinopac Securities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinopac Securities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinopac Securities' standard deviation. In reality, there are many statistical measures that can use Sinopac Securities historical prices to predict the future Sinopac Securities' volatility.| Risk Adjusted Performance | 0.063 | |||
| Jensen Alpha | 1.34 | |||
| Total Risk Alpha | 0.2218 | |||
| Sortino Ratio | 0.089 | |||
| Treynor Ratio | (0.40) |
Sinopac Securities Corp Backtested Returns
Sinopac Securities appears to be very risky, given 3 months investment horizon. Sinopac Securities Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0501, which indicates the etf had a 0.0501% return per unit of risk over the last 3 months. By inspecting Sinopac Securities' technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please review Sinopac Securities' Risk Adjusted Performance of 0.063, semi deviation of 10.83, and Coefficient Of Variation of 1486.55 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of -3.05, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Sinopac Securities are expected to decrease by larger amounts. On the other hand, during market turmoil, Sinopac Securities is expected to outperform it.
Auto-correlation | 0.03 |
Virtually no predictability
Sinopac Securities Corp has virtually no predictability. Overlapping area represents the amount of predictability between Sinopac Securities time series from 3rd of December 2023 to 15th of June 2024 and 15th of June 2024 to 27th 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 Sinopac Securities Corp price movement. The serial correlation of 0.03 indicates that only 3.0% of current Sinopac Securities price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 11.06 |
Sinopac Securities Corp lagged returns against current returns
Autocorrelation, which is Sinopac Securities 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 Sinopac Securities' etf expected returns. We can calculate the autocorrelation of Sinopac Securities returns to help us make a trade decision. For example, suppose you find that Sinopac Securities 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 |
Sinopac Securities 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 Sinopac Securities etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinopac Securities etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinopac Securities etf over time.
Current vs Lagged Prices |
| Timeline |
Sinopac Securities Lagged Returns
When evaluating Sinopac Securities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinopac Securities etf have on its future price. Sinopac Securities 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, Sinopac Securities autocorrelation shows the relationship between Sinopac Securities etf current value and its past values and can show if there is a momentum factor associated with investing in Sinopac Securities Corp.
Regressed Prices |
| Timeline |
Pair Trading with Sinopac Securities
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 Sinopac Securities 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 Sinopac Securities will appreciate offsetting losses from the drop in the long position's value.Moving together with Sinopac Etf
Moving against Sinopac Etf
| 0.53 | 00881 | Cathay Taiwan 5G | PairCorr |
| 0.48 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.36 | 006203 | YuantaP shares MSCI | PairCorr |
| 0.36 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.35 | 006204 | Sinopac TAIEX ETF | PairCorr |
The ability to find closely correlated positions to Sinopac Securities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sinopac Securities 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 Sinopac Securities - 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 Sinopac Securities Corp to buy it.
The correlation of Sinopac Securities 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 Sinopac Securities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sinopac Securities Corp 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 Sinopac Securities 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 Sinopac Etf
Sinopac Securities financial ratios help investors to determine whether Sinopac 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 Sinopac with respect to the benefits of owning Sinopac Securities security.