Ctbc Usd Corporate Etf One Year Return
| 00772B Etf | TWD 36.40 0.11 0.30% |
CTBC USD Corporate fundamentals help investors to digest information that contributes to CTBC USD's financial success or failures. It also enables traders to predict the movement of CTBC Etf. The fundamental analysis module provides a way to measure CTBC USD's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to CTBC USD etf.
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CTBC USD Corporate ETF One Year Return Analysis
CTBC USD's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Based on the recorded statements, CTBC USD Corporate has an One Year Return of 0.0%. This indicator is about the same for the average (which is currently at 0.0) family and about the same as One Year Return (which currently averages 0.0) category. This indicator is about the same for all Taiwan etfs average (which is currently at 0.0).
CTBC One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses CTBC USD's direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of CTBC USD could also be used in its relative valuation, which is a method of valuing CTBC USD by comparing valuation metrics of similar companies.CTBC USD is currently under evaluation in one year return as compared to similar ETFs.
About CTBC USD Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CTBC USD Corporate's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CTBC USD using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CTBC USD Corporate based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with CTBC USD
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 CTBC USD 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 CTBC USD will appreciate offsetting losses from the drop in the long position's value.Moving together with CTBC Etf
Moving against CTBC Etf
| 0.85 | 00881 | Cathay Taiwan 5G | PairCorr |
| 0.78 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.69 | 006203 | YuantaP shares MSCI | PairCorr |
| 0.68 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.67 | 006208 | Fubon FTSE TWSE | PairCorr |
The ability to find closely correlated positions to CTBC USD could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CTBC USD 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 CTBC USD - 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 CTBC USD Corporate to buy it.
The correlation of CTBC USD 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 CTBC USD moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CTBC USD Corporate 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 CTBC USD 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 CTBC Etf
CTBC USD financial ratios help investors to determine whether CTBC 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 CTBC with respect to the benefits of owning CTBC USD security.