Fubon NIFTY (Taiwan) Market Value

00652 Etf  TWD 38.37  0.08  0.21%   
Fubon NIFTY's market value is the price at which a share of Fubon NIFTY trades on a public exchange. It measures the collective expectations of Fubon NIFTY investors about its performance. Fubon NIFTY is selling for under 38.37 as of the 1st of December 2024; that is 0.21% down since the beginning of the trading day. The etf's last reported lowest price was 38.12.
With this module, you can estimate the performance of a buy and hold strategy of Fubon NIFTY and determine expected loss or profit from investing in Fubon NIFTY over a given investment horizon. Check out Fubon NIFTY Correlation, Fubon NIFTY Volatility and Fubon NIFTY Alpha and Beta module to complement your research on Fubon NIFTY.
Symbol

Please note, there is a significant difference between Fubon NIFTY's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fubon NIFTY is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fubon NIFTY'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.

Fubon NIFTY '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 Fubon NIFTY'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 Fubon NIFTY.
0.00
12/12/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/01/2024
0.00
If you would invest  0.00  in Fubon NIFTY on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Fubon NIFTY or generate 0.0% return on investment in Fubon NIFTY over 720 days. Fubon NIFTY is related to or competes with Yuanta Daily, Fubon FTSE, and Paradigm. Fubon NIFTY is traded on Taiwan Stock Exchange in Taiwan. More

Fubon NIFTY 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 Fubon NIFTY'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 Fubon NIFTY upside and downside potential and time the market with a certain degree of confidence.

Fubon NIFTY Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fubon NIFTY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fubon NIFTY's standard deviation. In reality, there are many statistical measures that can use Fubon NIFTY historical prices to predict the future Fubon NIFTY's volatility.
Hype
Prediction
LowEstimatedHigh
37.4938.3739.25
Details
Intrinsic
Valuation
LowRealHigh
37.7938.6739.55
Details
Naive
Forecast
LowNextHigh
37.6538.5439.42
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
37.2138.1539.10
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Fubon NIFTY. Your research has to be compared to or analyzed against Fubon NIFTY's peers to derive any actionable benefits. When done correctly, Fubon NIFTY'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 Fubon NIFTY.

Fubon NIFTY Backtested Returns

Fubon NIFTY secures Sharpe Ratio (or Efficiency) of -0.0933, which denotes the etf had a -0.0933% return per unit of standard deviation over the last 3 months. Fubon NIFTY exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fubon NIFTY's Standard Deviation of 0.8782, coefficient of variation of (1,464), and Mean Deviation of 0.6569 to check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.18, which means not very significant fluctuations relative to the market. As returns on the market increase, Fubon NIFTY's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fubon NIFTY is expected to be smaller as well.

Auto-correlation

    
  0.83  

Very good predictability

Fubon NIFTY has very good predictability. Overlapping area represents the amount of predictability between Fubon NIFTY time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Fubon NIFTY price movement. The serial correlation of 0.83 indicates that around 83.0% of current Fubon NIFTY price fluctuation can be explain by its past prices.
Correlation Coefficient0.83
Spearman Rank Test0.7
Residual Average0.0
Price Variance4.01

Fubon NIFTY lagged returns against current returns

Autocorrelation, which is Fubon NIFTY 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 Fubon NIFTY's etf expected returns. We can calculate the autocorrelation of Fubon NIFTY returns to help us make a trade decision. For example, suppose you find that Fubon NIFTY 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  

Fubon NIFTY 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 Fubon NIFTY etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fubon NIFTY etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fubon NIFTY etf over time.
   Current vs Lagged Prices   
       Timeline  

Fubon NIFTY Lagged Returns

When evaluating Fubon NIFTY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fubon NIFTY etf have on its future price. Fubon NIFTY 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, Fubon NIFTY autocorrelation shows the relationship between Fubon NIFTY etf current value and its past values and can show if there is a momentum factor associated with investing in Fubon NIFTY.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Fubon Etf

Fubon NIFTY financial ratios help investors to determine whether Fubon 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 Fubon with respect to the benefits of owning Fubon NIFTY security.