CTBC TIP's market value is the price at which a share of CTBC TIP trades on a public exchange. It measures the collective expectations of CTBC TIP Customized investors about its performance. CTBC TIP is selling for under 21.35 as of the 22nd of January 2025; that is 0.05 percent increase since the beginning of the trading day. The etf's last reported lowest price was 21.25. With this module, you can estimate the performance of a buy and hold strategy of CTBC TIP Customized and determine expected loss or profit from investing in CTBC TIP over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
CTBC
CTBC TIP '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 CTBC TIP'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 CTBC TIP.
0.00
12/23/2024
No Change 0.00
0.0
In 31 days
01/22/2025
0.00
If you would invest 0.00 in CTBC TIP on December 23, 2024 and sell it all today you would earn a total of 0.00 from holding CTBC TIP Customized or generate 0.0% return on investment in CTBC TIP over 30 days.
CTBC TIP 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 CTBC TIP'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 CTBC TIP Customized upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for CTBC TIP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CTBC TIP's standard deviation. In reality, there are many statistical measures that can use CTBC TIP historical prices to predict the future CTBC TIP's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as CTBC TIP. Your research has to be compared to or analyzed against CTBC TIP's peers to derive any actionable benefits. When done correctly, CTBC TIP's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in CTBC TIP Customized.
CTBC TIP Customized Backtested Returns
Currently, CTBC TIP Customized is very steady. CTBC TIP Customized retains Efficiency (Sharpe Ratio) of 0.031, which signifies that the etf had a 0.031 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for CTBC TIP, which you can use to evaluate the volatility of the entity. Please confirm CTBC TIP's market risk adjusted performance of 0.0094, and Coefficient Of Variation of 13305.33 to double-check if the risk estimate we provide is consistent with the expected return of 0.0409%. The etf owns a Beta (Systematic Risk) of 0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CTBC TIP's returns are expected to increase less than the market. However, during the bear market, the loss of holding CTBC TIP is expected to be smaller as well.
Auto-correlation
0.18
Very weak predictability
CTBC TIP Customized has very weak predictability. Overlapping area represents the amount of predictability between CTBC TIP time series from 23rd of December 2024 to 7th of January 2025 and 7th of January 2025 to 22nd 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 CTBC TIP Customized price movement. The serial correlation of 0.18 indicates that over 18.0% of current CTBC TIP price fluctuation can be explain by its past prices.
Correlation Coefficient
0.18
Spearman Rank Test
-0.3
Residual Average
0.0
Price Variance
0.2
CTBC TIP Customized lagged returns against current returns
Autocorrelation, which is CTBC TIP 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 CTBC TIP's etf expected returns. We can calculate the autocorrelation of CTBC TIP returns to help us make a trade decision. For example, suppose you find that CTBC TIP 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
CTBC TIP 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 CTBC TIP etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CTBC TIP etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CTBC TIP etf over time.
Current vs Lagged Prices
Timeline
CTBC TIP Lagged Returns
When evaluating CTBC TIP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CTBC TIP etf have on its future price. CTBC TIP 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, CTBC TIP autocorrelation shows the relationship between CTBC TIP etf current value and its past values and can show if there is a momentum factor associated with investing in CTBC TIP Customized.
Regressed Prices
Timeline
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