Cathay TAIEX (Taiwan) Market Value
| 00664R Etf | TWD 3.72 0.07 1.85% |
| Symbol | Cathay |
Cathay TAIEX '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 Cathay TAIEX's etf 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 Cathay TAIEX.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Cathay TAIEX on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Cathay TAIEX Daily or generate 0.0% return on investment in Cathay TAIEX over 180 days. Cathay TAIEX is related to or competes with YuantaP Shares, Yuanta Daily, Fuh Hwa, and Paradigm. CATHAY SECS is traded on Taiwan Stock Exchange in Taiwan. More
Cathay TAIEX 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 Cathay TAIEX's etf 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 Cathay TAIEX Daily upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 8.07 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.37 |
Cathay TAIEX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cathay TAIEX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cathay TAIEX's standard deviation. In reality, there are many statistical measures that can use Cathay TAIEX historical prices to predict the future Cathay TAIEX's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 0.2396 |
Cathay TAIEX Daily Backtested Returns
Cathay TAIEX Daily secures Sharpe Ratio (or Efficiency) of -0.0527, which signifies that the etf had a -0.0527% return per unit of risk over the last 3 months. Cathay TAIEX Daily exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cathay TAIEX's Mean Deviation of 0.8233, risk adjusted performance of (0.03), and Standard Deviation of 1.18 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cathay TAIEX are expected to decrease at a much lower rate. During the bear market, Cathay TAIEX is likely to outperform the market.
Auto-correlation | 0.27 |
Poor predictability
Cathay TAIEX Daily has poor predictability. Overlapping area represents the amount of predictability between Cathay TAIEX time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Cathay TAIEX Daily price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Cathay TAIEX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Cathay TAIEX Daily lagged returns against current returns
Autocorrelation, which is Cathay TAIEX etf'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 Cathay TAIEX's etf expected returns. We can calculate the autocorrelation of Cathay TAIEX returns to help us make a trade decision. For example, suppose you find that Cathay TAIEX has exhibited high autocorrelation historically, and you observe that the etf 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 |
Cathay TAIEX 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 Cathay TAIEX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cathay TAIEX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cathay TAIEX etf over time.
Current vs Lagged Prices |
| Timeline |
Cathay TAIEX Lagged Returns
When evaluating Cathay TAIEX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cathay TAIEX etf have on its future price. Cathay TAIEX 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, Cathay TAIEX autocorrelation shows the relationship between Cathay TAIEX etf current value and its past values and can show if there is a momentum factor associated with investing in Cathay TAIEX Daily.
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.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.