Cathay Sustainability (Taiwan) Market Value
| 00878 Etf | TWD 22.15 0.07 0.32% |
| Symbol | Cathay |
Please note, there is a significant difference between Cathay Sustainability's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cathay Sustainability is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cathay Sustainability'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 Sustainability '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 Sustainability'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 Sustainability.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Cathay Sustainability on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Cathay Sustainability High or generate 0.0% return on investment in Cathay Sustainability over 510 days. Cathay Sustainability is related to or competes with Yuanta Daily, and Paradigm. CATHAY SECS is traded on Taiwan Stock Exchange in Taiwan. More
Cathay Sustainability 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 Sustainability'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 Sustainability High upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 5.52 | |||
| Value At Risk | (1.06) | |||
| Potential Upside | 1.21 |
Cathay Sustainability Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cathay Sustainability's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cathay Sustainability's standard deviation. In reality, there are many statistical measures that can use Cathay Sustainability historical prices to predict the future Cathay Sustainability's volatility.| Risk Adjusted Performance | (0.0009) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.07) |
Cathay Sustainability Backtested Returns
Cathay Sustainability secures Sharpe Ratio (or Efficiency) of -0.0128, which signifies that the etf had a -0.0128% return per unit of risk over the last 3 months. Cathay Sustainability High exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cathay Sustainability's Standard Deviation of 0.9269, mean deviation of 0.5919, and Risk Adjusted Performance of (0.0009) to double-check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cathay Sustainability's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cathay Sustainability is expected to be smaller as well.
Auto-correlation | 0.05 |
Virtually no predictability
Cathay Sustainability High has virtually no predictability. Overlapping area represents the amount of predictability between Cathay Sustainability time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Sustainability price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Cathay Sustainability price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.53 |
Cathay Sustainability lagged returns against current returns
Autocorrelation, which is Cathay Sustainability 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 Sustainability's etf expected returns. We can calculate the autocorrelation of Cathay Sustainability returns to help us make a trade decision. For example, suppose you find that Cathay Sustainability 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 Sustainability 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 Sustainability etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cathay Sustainability etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cathay Sustainability etf over time.
Current vs Lagged Prices |
| Timeline |
Cathay Sustainability Lagged Returns
When evaluating Cathay Sustainability's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cathay Sustainability etf have on its future price. Cathay Sustainability 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 Sustainability autocorrelation shows the relationship between Cathay Sustainability etf current value and its past values and can show if there is a momentum factor associated with investing in Cathay Sustainability High.
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 Sustainability 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 Sustainability security.