Paradigm (Taiwan) Market Value
| 00715L Etf | TWD 13.01 0.21 1.64% |
| Symbol | Paradigm |
Paradigm '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 Paradigm'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 Paradigm.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Paradigm on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Paradigm SP GSCI or generate 0.0% return on investment in Paradigm over 90 days. Paradigm is related to or competes with Paradigm, Cathay TIP, Yuanta Daily, and Cathay Nasdaq. PARADIGM ASSET is traded on Taiwan Stock Exchange in Taiwan. More
Paradigm 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 Paradigm'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 Paradigm SP GSCI upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 24.55 | |||
| Value At Risk | (5.96) | |||
| Potential Upside | 4.87 |
Paradigm Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paradigm's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paradigm's standard deviation. In reality, there are many statistical measures that can use Paradigm historical prices to predict the future Paradigm's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | (0.48) |
Paradigm SP GSCI Backtested Returns
Paradigm SP GSCI maintains Sharpe Ratio (i.e., Efficiency) of -0.0193, which implies the entity had a -0.0193% return per unit of risk over the last 3 months. Paradigm SP GSCI exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Paradigm's Coefficient Of Variation of (2,704), risk adjusted performance of (0.02), and Variance of 13.91 to confirm the risk estimate we provide. The etf holds a Beta of 0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Paradigm's returns are expected to increase less than the market. However, during the bear market, the loss of holding Paradigm is expected to be smaller as well.
Auto-correlation | 0.35 |
Below average predictability
Paradigm SP GSCI has below average predictability. Overlapping area represents the amount of predictability between Paradigm time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 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 Paradigm SP GSCI price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Paradigm price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Paradigm SP GSCI lagged returns against current returns
Autocorrelation, which is Paradigm 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 Paradigm's etf expected returns. We can calculate the autocorrelation of Paradigm returns to help us make a trade decision. For example, suppose you find that Paradigm 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 |
Paradigm 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 Paradigm etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paradigm etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paradigm etf over time.
Current vs Lagged Prices |
| Timeline |
Paradigm Lagged Returns
When evaluating Paradigm's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paradigm etf have on its future price. Paradigm 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, Paradigm autocorrelation shows the relationship between Paradigm etf current value and its past values and can show if there is a momentum factor associated with investing in Paradigm SP GSCI.
Regressed Prices |
| Timeline |
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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 Paradigm Etf
Paradigm financial ratios help investors to determine whether Paradigm 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 Paradigm with respect to the benefits of owning Paradigm security.