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Taiwan Wtd (Taiwan) Backtesting

All InstrumentsIndexesTaiwan
Index Taiwan Wtd
TWI
TWII -- Taiwan Index  

 9,664  44.43  0.46%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Taiwan Wtd and determine expected loss or profit from investing in Taiwan Wtd over given investment horizon. Check out Taiwan Wtd Hype Analysis, Taiwan Wtd Correlation, Portfolio Optimization, Taiwan Wtd Volatility as well as analyze Taiwan Wtd Alpha and Beta and Taiwan Wtd Performance.
Symbol
Backtest

Taiwan Wtd 'What if' Analysis

0.00
01/03/2020
No Change 0.00  0.0 
In 2 months and 31 days
04/02/2020
0.00
If you would invest  0.00  in Taiwan Wtd on January 3, 2020 and sell it all today you would earn a total of 0.00 from holding Taiwan Wtd or generate 0.0% return on investment in Taiwan Wtd over 90 days. Taiwan Wtd is related to or competes with CATHAY FINANCIAL, CTBC FINANCIAL, NAN YA, TAIWAN CEMENT, HOTAI MOTOR, QUANTA COMPUTER, and THE SHANGHAI.

Taiwan Wtd Upside/Downside Indicators

Information Ratio0.027
Maximum Drawdown10.09
Value At Risk(4.06)
Potential Upside1.77

Taiwan Wtd Market Premium Indicators

Risk Adjusted Performance(0.60)
Total Risk Alpha(0.12)

Taiwan Wtd Backtested Returns

Taiwan Wtd owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.1745, which indicates the organization had -0.1745% of return per unit of risk over the last 3 months. Macroaxis philosophy towards measuring risk of any index is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Taiwan Wtd exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. The entity has a beta of 0.0, which indicates the returns on MARKET and Taiwan Wtd are completely uncorrelated. Even though it is essential to pay attention to Taiwan Wtd current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any index is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Taiwan Wtd exposes twenty-eight different technical indicators, which can help you to evaluate its performance.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.56 
correlation synergy

Modest predictability

Taiwan Wtd has modest predictability. Overlapping area represents the amount of predictability between Taiwan Wtd time series from January 3, 2020 to February 17, 2020 and February 17, 2020 to April 2, 2020. 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 Wtd price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Taiwan Wtd price fluctuation can be explain by its past prices.
Correlation Coefficient0.56
Spearman Rank Test0.62
Residual Average0.0
Price Variance1012435.3

Taiwan Wtd lagged returns against current returns

 Current and Lagged Values 
    
  Timeline 

Taiwan Wtd regressed lagged prices vs. current prices

 Current vs Lagged Prices 
    
  Timeline 

Taiwan Wtd Lagged Returns

 Regressed Prices 
    
  Timeline 

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Check out Taiwan Wtd Hype Analysis, Taiwan Wtd Correlation, Portfolio Optimization, Taiwan Wtd Volatility as well as analyze Taiwan Wtd Alpha and Beta and Taiwan Wtd Performance. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.
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Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page