Yuanta Securities (Taiwan) Market Value
00674R Etf | TWD 9.60 0.04 0.41% |
Symbol | Yuanta |
Please note, there is a significant difference between Yuanta Securities' value and its price as these two are different measures arrived at by different means. Investors typically determine if Yuanta Securities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Yuanta 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.
Yuanta 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 Yuanta 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 Yuanta Securities.
11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Yuanta Securities on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Yuanta Securities Investment or generate 0.0% return on investment in Yuanta Securities over 30 days. Yuanta Securities is related to or competes with Ruentex Development, Symtek Automation, CTCI Corp, Information Technology, Kinko Optical, Giant Manufacturing, and Great Taipei. YUANTA SECURITIES is traded on Taiwan Stock Exchange in Taiwan. More
Yuanta 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 Yuanta 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 Yuanta Securities Investment upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.19) | |||
Maximum Drawdown | 4.25 | |||
Value At Risk | (1.17) | |||
Potential Upside | 1.69 |
Yuanta Securities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yuanta Securities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yuanta Securities' standard deviation. In reality, there are many statistical measures that can use Yuanta Securities historical prices to predict the future Yuanta Securities' volatility.Risk Adjusted Performance | (0.05) | |||
Jensen Alpha | (0.09) | |||
Total Risk Alpha | (0.19) | |||
Treynor Ratio | (0.32) |
Yuanta Securities Backtested Returns
Yuanta Securities shows Sharpe Ratio of -0.0807, which attests that the etf had a -0.0807% return per unit of risk over the last 3 months. Yuanta Securities exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yuanta Securities' Mean Deviation of 0.6704, market risk adjusted performance of (0.31), and Standard Deviation of 0.8754 to validate the risk estimate we provide. The entity maintains a market beta of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Yuanta Securities' returns are expected to increase less than the market. However, during the bear market, the loss of holding Yuanta Securities is expected to be smaller as well.
Auto-correlation | 0.13 |
Insignificant predictability
Yuanta Securities Investment has insignificant predictability. Overlapping area represents the amount of predictability between Yuanta Securities time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Securities price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Yuanta Securities price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.13 | |
Spearman Rank Test | 0.21 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Yuanta Securities lagged returns against current returns
Autocorrelation, which is Yuanta 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 Yuanta Securities' etf expected returns. We can calculate the autocorrelation of Yuanta Securities returns to help us make a trade decision. For example, suppose you find that Yuanta 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 |
Yuanta 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 Yuanta Securities etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yuanta Securities etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yuanta Securities etf over time.
Current vs Lagged Prices |
Timeline |
Yuanta Securities Lagged Returns
When evaluating Yuanta Securities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yuanta Securities etf have on its future price. Yuanta 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, Yuanta Securities autocorrelation shows the relationship between Yuanta Securities etf current value and its past values and can show if there is a momentum factor associated with investing in Yuanta Securities Investment.
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 Securities 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 Securities security.