Taiwan Fund, Inc.(TWN)
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership.
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
- Exchange
- XNYS
- Market Cap
- $0.6B
Taiwan Fund Inc is a diversified closed-end management investment company. Its investment objective is to seek long-term capital appreciation through investment predominantly in equity securities listed in Taiwan stock exchange and the Republic of China. In selecting the companies for investments fund's portfolio managers will consider overall growth prospects, competitive position in the respective industry technology, research, and development, productivity, profit margins, return on investment, capital resources, government regulation, management and other factors.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
| Month | Avg Return | Years of Data |
|---|---|---|
| Jan | +1.09% | 6 |
| Feb | +3.60% | 6 |
| Mar | -1.08% | 6 |
| Apr | +5.12% | 6 |
| May | +5.26% | 6 |
| Jun | +5.02% | 6 |
| Jul | -1.97% | 6 |
| Aug | +4.16% | 6 |
| Sep | -1.61% | 6 |
| Oct | -2.90% | 5 |
| Nov | +7.18% | 5 |
| Dec | -3.33% | 5 |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: TWN
Executive Summary
BULLISH (Confidence Level: 8/10)
Key drivers: Technical momentum, beta, and recent news sentiment.
Primary risks:
- High volatility
- Negative earnings surprise
- Regulatory changes affecting the ETF's underlying holdings
Investment thesis: TWN is a high-beta ETF with strong technical momentum, driven by its exposure to emerging markets. The recent neutral news headlines from Seeking Alpha have not had a significant impact on the stock price.
Recent news sentiment impact: The consistent stream of neutral news headlines has maintained a steady market narrative, which aligns with the ETF's short-term technical trend.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): Bullish; Medium-term (1-3 months): Neutral; Long-term (3-12 months): Bearish
Support/Resistance Levels:
- Upper Bollinger Band: $105.78
- Middle Bollinger Band: $98.94
- Lower Bollinger Band: $92.10
Momentum Signals:
- RSI interpretation: Neutral (66.73), indicating a lack of clear buying or selling pressure.
- MACD signal: Bullish, with the histogram above zero and the MACD line above the signal line.
- Bollinger Bands position: Squeeze, suggesting that the price is likely to move out of its current range.
Volume Analysis: Volume trends are strong, indicating institutional interest. The volume rate of change suggests a medium-term uptrend in trading activity.
News & Sentiment Analysis
Recent Headlines Summary: Neutral news headlines from Seeking Alpha have not had a significant impact on the stock price.
Sentiment Assessment: Aggregate sentiment is NEUTRAL, based on recent news headlines.
Catalyst Identification: No specific catalysts identified within the provided data.
Market Narrative: The market narrative remains neutral, with no clear buying or selling pressure indicated by the technical indicators.
Risk & Volatility Assessment
Beta Interpretation: High-beta ETF (1.38), indicating more volatility than the broader market.
Volatility Regime: Current vs historical volatility levels: Higher than average.
Options Market Signals: No options data available.
Downside Protection: Support levels at $98.94 and $92.10; risk management considerations include setting stop-loss levels around these levels.
Market Context & Positioning
Sector Performance: Relative strength vs sector/market: Strong in the short term, neutral to defensive in the medium term.
Institutional Activity: Volume trends suggest institutional interest in the ETF's underlying holdings.
Correlation Analysis: Correlation with the broader market is 0.52, indicating a moderate relationship between the two.
Relative Valuation: Position within trading range: Neutral to slightly overvalued based on short-term momentum and beta.
Key Levels & Action Items
Critical Price Levels:
- Support at $98.94
- Resistance at $105.78
Breakout/Breakdown Levels: No specific levels identified, but the ETF's high volatility suggests that a breakout or breakdown could occur at any time.
Time-Sensitive Catalysts: Earnings data not available; regulatory changes affecting the ETF's underlying holdings are possible but difficult to predict.
Risk Management: Stop-loss levels around $98.94 and $92.10; consider setting tight stops in this highly volatile market.
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
- Beta (1Y vs SPY)
- 1.38
- Correlation (SPY)
- 51.6%
- R²
- 0.27
- Ann. Volatility
- 34.4%
- SPY Volatility
- 12.8%
High volatility - stock moves more than market
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-06-09 | Shelley E Rigger | Director | Sell (S) | −134 | $88.82 | -$11.9K | EDGAR |
| 2026-02-27 | William C. Kirby | Director | Buy (P) | +50,686 | $64.90 | $3.29M | EDGAR |
| 2024-02-23 | Anthony S. Clark | Director | Buy (P) | +500 | $39.13 | $19.6K | EDGAR |
| 2024-02-06 | Anthony S. Clark | Director | Buy (P) | +500 | $37.26 | $18.6K | EDGAR |
| 2023-09-29 | Anthony S. Clark | Director | Buy (P) | +1,000 | $30.07 | $30.1K | EDGAR |
| 2021-05-13 | Shelley E Rigger | Director | Buy (P) | +300 | $31.13 | $9.3K | EDGAR |
| 2021-01-29 | WARREN OLSEN | Director | Buy (P) | +1,000 | $27.82 | $27.8K | EDGAR |
| 2020-12-02 | William C. Kirby | Director | Buy (P) | +360 | $27.50 | $9.9K | EDGAR |
| 2020-11-18 | Anthony Clark | Director | Buy (P) | +1,000 | $25.35 | $25.4K | EDGAR |
| 2020-11-12 | William C. Kirby | Director | Buy (P) | +415 | $24.45 | $10.1K | EDGAR |
| 2020-11-04 | Thomas Gregory Kamp | Director | Buy (P) | +2,000 | $23.55 | $47.1K | EDGAR |
| 2018-09-13 | CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | 10%+ Owner | Sell (S) | −11,000 | $19.11 | -$210.2K | EDGAR |
| 2018-06-25 | CITY OF LONDON INVESTMENT GROUP PLC | 10%+ Owner | Sell (S) | −3,408 | $20.50 | -$69.9K | EDGAR |
| 2018-06-19 | CITY OF LONDON INVESTMENT GROUP PLC | 10%+ Owner | Sell (S) | −20,000 | $20.70 | -$414.0K | EDGAR |
| 2018-06-15 | CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | 10%+ Owner | Sell (S) | −50,000 | $21.15 | -$1.06M | EDGAR |
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | CITY OF LONDON INVESTMENT MANAGEMENT CO LTD | 10%+ Owner | 238,672 | $24.70M | -$4.21M | 4 | 2018-09-13 |
| 2 | CITY OF LONDON INVESTMENT GROUP PLC | 10%+ Owner | 150,986 | $15.62M | -$3.16M | 7 | 2018-06-25 |
| 3 | Thomas Gregory Kamp | Director | 3,200 | $331.1K | $72.1K | 2 | 2020-11-04 |
| 4 | Anthony S. Clark | Director | 3,000 | $310.4K | $93.6K | 4 | 2024-02-23 |
| 5 | William C. Kirby | Director | 2,886 | $298.6K | $3.31M | 3 | 2026-02-27 |
| 6 | MICHAEL F HOLLAND | Director | 2,450 | $253.5K | $42.2K | 2 | 2010-01-27 |
| 7 | WARREN OLSEN | Director | 1,000 | $103.5K | $27.8K | 1 | 2021-01-29 |
| 8 | Shelley E Rigger | Director | 166 | $17.2K | -$2.6K | 2 | 2026-06-09 |
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.