Cathay Nasdaq (Taiwan) Market Value
| 00737 Etf | TWD 33.51 0.41 1.21% |
| Symbol | Cathay |
Cathay Nasdaq '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 Nasdaq'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 Nasdaq.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Cathay Nasdaq on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Cathay Nasdaq AI or generate 0.0% return on investment in Cathay Nasdaq over 180 days. Cathay Nasdaq is related to or competes with Yuanta Daily, Yuanta Daily, Fubon FTSE, Fuh Hwa, Paradigm, and Yuanta Daily. CATHAY SECS is traded on Taiwan Stock Exchange in Taiwan. More
Cathay Nasdaq 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 Nasdaq'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 Nasdaq AI upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.36 | |||
| Information Ratio | 0.0332 | |||
| Maximum Drawdown | 5.02 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 2.04 |
Cathay Nasdaq Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cathay Nasdaq's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cathay Nasdaq's standard deviation. In reality, there are many statistical measures that can use Cathay Nasdaq historical prices to predict the future Cathay Nasdaq's volatility.| Risk Adjusted Performance | 0.1105 | |||
| Jensen Alpha | 0.0725 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0288 | |||
| Treynor Ratio | 0.2172 |
Cathay Nasdaq AI Backtested Returns
Currently, Cathay Nasdaq AI is very steady. Cathay Nasdaq AI secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the etf had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Cathay Nasdaq AI, which you can use to evaluate the volatility of the entity. Please confirm Cathay Nasdaq's Mean Deviation of 0.8677, risk adjusted performance of 0.1105, and Downside Deviation of 1.36 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. The etf shows a Beta (market volatility) of 0.71, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cathay Nasdaq's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cathay Nasdaq is expected to be smaller as well.
Auto-correlation | -0.41 |
Modest reverse predictability
Cathay Nasdaq AI has modest reverse predictability. Overlapping area represents the amount of predictability between Cathay Nasdaq time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Nasdaq AI price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Cathay Nasdaq price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 2.02 |
Cathay Nasdaq AI lagged returns against current returns
Autocorrelation, which is Cathay Nasdaq 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 Nasdaq's etf expected returns. We can calculate the autocorrelation of Cathay Nasdaq returns to help us make a trade decision. For example, suppose you find that Cathay Nasdaq 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 Nasdaq 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 Nasdaq etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cathay Nasdaq etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cathay Nasdaq etf over time.
Current vs Lagged Prices |
| Timeline |
Cathay Nasdaq Lagged Returns
When evaluating Cathay Nasdaq's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cathay Nasdaq etf have on its future price. Cathay Nasdaq 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 Nasdaq autocorrelation shows the relationship between Cathay Nasdaq etf current value and its past values and can show if there is a momentum factor associated with investing in Cathay Nasdaq AI.
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 Nasdaq 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 Nasdaq security.