Fubon Financial (Taiwan) Market Value
| 2881 Stock | TWD 69.90 0.10 0.14% |
| Symbol | Fubon |
Fubon Financial '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 Financial's stock 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 Financial.
| 04/08/2024 |
| 05/08/2024 |
If you would invest 0.00 in Fubon Financial on April 8, 2024 and sell it all today you would earn a total of 0.00 from holding Fubon Financial Holding or generate 0.0% return on investment in Fubon Financial over 30 days. Fubon Financial is related to or competes with Yuanta Financial, Taiwan Cooperative, and CTBC Financial. Fubon Financial Holding Co., Ltd. provides various financial services in Taiwan, Asia, and internationally More
Fubon Financial 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 Financial's stock 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 Financial Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | 0.0853 | |||
| Maximum Drawdown | 4.41 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.81 |
Fubon Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fubon Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fubon Financial's standard deviation. In reality, there are many statistical measures that can use Fubon Financial historical prices to predict the future Fubon Financial's volatility.| Risk Adjusted Performance | 0.1056 | |||
| Jensen Alpha | 0.132 | |||
| Total Risk Alpha | 0.0468 | |||
| Sortino Ratio | 0.0785 | |||
| Treynor Ratio | 0.6257 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fubon Financial's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Fubon Financial Holding Backtested Returns
We consider Fubon Financial very steady. Fubon Financial Holding secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Fubon Financial Holding, which you can use to evaluate the volatility of the firm. Please confirm Fubon Financial's Semi Deviation of 0.7412, mean deviation of 0.7148, and Downside Deviation of 1.05 to check if the risk estimate we provide is consistent with the expected return of 0.13%. Fubon Financial has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.24, which means not very significant fluctuations relative to the market. As returns on the market increase, Fubon Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fubon Financial is expected to be smaller as well. Fubon Financial Holding right now shows a risk of 1.03%. Please confirm Fubon Financial Holding downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Fubon Financial Holding will be following its price patterns.
Auto-correlation | -0.84 |
Excellent reverse predictability
Fubon Financial Holding has excellent reverse predictability. Overlapping area represents the amount of predictability between Fubon Financial time series from 8th of April 2024 to 23rd of April 2024 and 23rd of April 2024 to 8th of May 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 Financial Holding price movement. The serial correlation of -0.84 indicates that around 84.0% of current Fubon Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 1.86 |
Fubon Financial Holding lagged returns against current returns
Autocorrelation, which is Fubon Financial stock'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 Financial's stock expected returns. We can calculate the autocorrelation of Fubon Financial returns to help us make a trade decision. For example, suppose you find that Fubon Financial has exhibited high autocorrelation historically, and you observe that the stock 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 Financial 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 Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fubon Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fubon Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Fubon Financial Lagged Returns
When evaluating Fubon Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fubon Financial stock have on its future price. Fubon Financial 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 Financial autocorrelation shows the relationship between Fubon Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Fubon Financial Holding.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Fubon Financial Correlation, Fubon Financial Volatility and Fubon Financial Alpha and Beta module to complement your research on Fubon Financial. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Fubon Stock analysis
When running Fubon Financial's price analysis, check to measure Fubon Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fubon Financial is operating at the current time. Most of Fubon Financial's value examination focuses on studying past and present price action to predict the probability of Fubon Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fubon Financial's price. Additionally, you may evaluate how the addition of Fubon Financial to your portfolios can decrease your overall portfolio volatility.
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Fubon Financial technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.