Taiwan Weighted's market value is the price at which a share of Taiwan Weighted trades on a public exchange. It measures the collective expectations of Taiwan Weighted investors about its performance. Taiwan Weighted is enlisted at 22262.50 as of the 30th of November 2024; that is 0.16 percent decrease since the beginning of the trading day. The index's open price was 22298.9. With this module, you can estimate the performance of a buy and hold strategy of Taiwan Weighted and determine expected loss or profit from investing in Taiwan Weighted over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any index could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Taiwan
Taiwan Weighted '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 Taiwan Weighted's index 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 Taiwan Weighted.
0.00
06/03/2024
No Change 0.00
0.0
In 5 months and 30 days
11/30/2024
0.00
If you would invest 0.00 in Taiwan Weighted on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Taiwan Weighted or generate 0.0% return on investment in Taiwan Weighted over 180 days.
Taiwan Weighted 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 Taiwan Weighted's index 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 Taiwan Weighted 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 Taiwan Weighted's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Weighted's standard deviation. In reality, there are many statistical measures that can use Taiwan Weighted historical prices to predict the future Taiwan Weighted's volatility.
Taiwan Weighted owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0076, which indicates the index had a 0.0076% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Taiwan Weighted, which you can use to evaluate the volatility of the index. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Taiwan Weighted are completely uncorrelated.
Auto-correlation
0.11
Insignificant predictability
Taiwan Weighted has insignificant predictability. Overlapping area represents the amount of predictability between Taiwan Weighted time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Taiwan Weighted price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Taiwan Weighted price fluctuation can be explain by its past prices.
Correlation Coefficient
0.11
Spearman Rank Test
-0.02
Residual Average
0.0
Price Variance
444.4 K
Taiwan Weighted lagged returns against current returns
Autocorrelation, which is Taiwan Weighted index'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 Taiwan Weighted's index expected returns. We can calculate the autocorrelation of Taiwan Weighted returns to help us make a trade decision. For example, suppose you find that Taiwan Weighted has exhibited high autocorrelation historically, and you observe that the index 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
Taiwan Weighted 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 Taiwan Weighted index is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Weighted index is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Weighted index over time.
Current vs Lagged Prices
Timeline
Taiwan Weighted Lagged Returns
When evaluating Taiwan Weighted's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Weighted index have on its future price. Taiwan Weighted 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, Taiwan Weighted autocorrelation shows the relationship between Taiwan Weighted index current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Weighted.
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.