Cathay Bloomberg (Taiwan) Market Value
| 00781B Etf | TWD 32.09 0.05 0.16% |
| Symbol | Cathay |
Please note, there is a significant difference between Cathay Bloomberg's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cathay Bloomberg is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cathay Bloomberg's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Cathay Bloomberg '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 Bloomberg'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 Bloomberg.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Cathay Bloomberg on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Cathay Bloomberg Barclays or generate 0.0% return on investment in Cathay Bloomberg over 30 days. Cathay Bloomberg is related to or competes with YuantaP Shares, Yuanta Daily, Yuanta Daily, Fubon FTSE, Fuh Hwa, Paradigm, and Yuanta Daily. Cathay Bloomberg Barclays 15 Year Technology Bond Select ETF is an open ended fixed income mutual fund launched and mana... More
Cathay Bloomberg 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 Bloomberg'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 Bloomberg Barclays upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 3.02 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 0.9852 |
Cathay Bloomberg Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cathay Bloomberg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cathay Bloomberg's standard deviation. In reality, there are many statistical measures that can use Cathay Bloomberg historical prices to predict the future Cathay Bloomberg's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.18) |
Cathay Bloomberg Barclays Backtested Returns
Cathay Bloomberg Barclays secures Sharpe Ratio (or Efficiency) of -0.0886, which signifies that the etf had a -0.0886% return per unit of risk over the last 3 months. Cathay Bloomberg Barclays exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cathay Bloomberg's Risk Adjusted Performance of (0.06), standard deviation of 0.6477, and Mean Deviation of 0.4806 to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cathay Bloomberg's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cathay Bloomberg is expected to be smaller as well.
Auto-correlation | 0.22 |
Weak predictability
Cathay Bloomberg Barclays has weak predictability. Overlapping area represents the amount of predictability between Cathay Bloomberg time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Bloomberg Barclays price movement. The serial correlation of 0.22 indicates that over 22.0% of current Cathay Bloomberg price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Cathay Bloomberg Barclays lagged returns against current returns
Autocorrelation, which is Cathay Bloomberg 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 Bloomberg's etf expected returns. We can calculate the autocorrelation of Cathay Bloomberg returns to help us make a trade decision. For example, suppose you find that Cathay Bloomberg 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 Bloomberg 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 Bloomberg etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cathay Bloomberg etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cathay Bloomberg etf over time.
Current vs Lagged Prices |
| Timeline |
Cathay Bloomberg Lagged Returns
When evaluating Cathay Bloomberg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cathay Bloomberg etf have on its future price. Cathay Bloomberg 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 Bloomberg autocorrelation shows the relationship between Cathay Bloomberg etf current value and its past values and can show if there is a momentum factor associated with investing in Cathay Bloomberg Barclays.
Regressed Prices |
| Timeline |
Pair Trading with Cathay Bloomberg
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cathay Bloomberg position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cathay Bloomberg will appreciate offsetting losses from the drop in the long position's value.Moving against Cathay Etf
| 0.86 | 00881 | Cathay Taiwan 5G | PairCorr |
| 0.79 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.66 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.65 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.57 | 00631L | Yuanta Daily Taiwan | PairCorr |
The ability to find closely correlated positions to Cathay Bloomberg could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cathay Bloomberg when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cathay Bloomberg - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cathay Bloomberg Barclays to buy it.
The correlation of Cathay Bloomberg is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cathay Bloomberg moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cathay Bloomberg Barclays moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cathay Bloomberg can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Cathay Etf
Cathay Bloomberg 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 Bloomberg security.