Cathay TAIEX (Taiwan) Probability of Future Etf Price Finishing Under 3.79
| 00664R Etf | TWD 3.77 0.06 1.62% |
Cathay |
Cathay TAIEX Target Price Odds to finish below 3.79
The tendency of Cathay Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under NT$ 3.79 after 90 days |
| 3.77 | 90 days | 3.79 | about 46.32 |
Based on a normal probability distribution, the odds of Cathay TAIEX to stay under NT$ 3.79 after 90 days from now is about 46.32 (This Cathay TAIEX Daily probability density function shows the probability of Cathay Etf to fall within a particular range of prices over 90 days) . Probability of Cathay TAIEX Daily price to stay between its current price of NT$ 3.77 and NT$ 3.79 at the end of the 90-day period is about 6.55 .
Assuming the 90 days trading horizon Cathay TAIEX Daily has a beta of -0.29. This suggests as returns on the benchmark increase, returns on holding Cathay TAIEX are expected to decrease at a much lower rate. During a bear market, however, Cathay TAIEX Daily is likely to outperform the market. Additionally Cathay TAIEX Daily has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Cathay TAIEX Price Density |
| Price |
Predictive Modules for Cathay TAIEX
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cathay TAIEX Daily. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Cathay TAIEX Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cathay TAIEX is not an exception. The market had few large corrections towards the Cathay TAIEX's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Cathay TAIEX Daily, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cathay TAIEX within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.01 | |
β | Beta against Dow Jones | -0.29 | |
σ | Overall volatility | 0.12 | |
Ir | Information ratio | -0.14 |
Cathay TAIEX Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Cathay TAIEX for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cathay TAIEX Daily can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Cathay TAIEX Daily generated a negative expected return over the last 90 days | |
| The fund generated three year return of -22.0% | |
| Cathay TAIEX Daily holds all of the total net assets in various exotic instrument |
Cathay TAIEX Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Cathay Etf often depends not only on the future outlook of the current and potential Cathay TAIEX's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Cathay TAIEX's indicators that are reflective of the short sentiment are summarized in the table below.
| Average Daily Volume Last 10 Day | 5.65M | |
| Average Daily Volume In Three Month | 8.23M |
Cathay TAIEX Technical Analysis
Cathay TAIEX's future price can be derived by breaking down and analyzing its technical indicators over time. Cathay Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cathay TAIEX Daily. In general, you should focus on analyzing Cathay Etf price patterns and their correlations with different microeconomic environments and drivers.
Cathay TAIEX Predictive Forecast Models
Cathay TAIEX's time-series forecasting models is one of many Cathay TAIEX's etf analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Cathay TAIEX's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the etf market movement and maximize returns from investment trading.
Things to note about Cathay TAIEX Daily
Checking the ongoing alerts about Cathay TAIEX for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cathay TAIEX Daily help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cathay TAIEX Daily generated a negative expected return over the last 90 days | |
| The fund generated three year return of -22.0% | |
| Cathay TAIEX Daily holds all of the total net assets in various exotic instrument |
Other Information on Investing in Cathay Etf
Cathay TAIEX financial ratios help investors to determine whether Cathay 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 Cathay with respect to the benefits of owning Cathay TAIEX security.