Cathay Taiwan (Taiwan) Market Value
| 00881 Etf | TWD 24.34 0.02 0.08% |
| Symbol | Cathay |
Please note, there is a significant difference between Cathay Taiwan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cathay Taiwan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cathay Taiwan'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 Taiwan '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 Taiwan'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 Taiwan.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Cathay Taiwan on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Cathay Taiwan 5G or generate 0.0% return on investment in Cathay Taiwan over 30 days. Cathay Taiwan is related to or competes with Cathay TIP, Cathay Nasdaq, Cathay Dow, Cathay TAIEX, Cathay Nikkei, and Cathay SP. CATHAY SECS is traded on Taiwan Stock Exchange in Taiwan. More
Cathay Taiwan 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 Taiwan'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 Taiwan 5G upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.44 | |||
| Information Ratio | 0.0082 | |||
| Maximum Drawdown | 6.97 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 1.82 |
Cathay Taiwan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cathay Taiwan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cathay Taiwan's standard deviation. In reality, there are many statistical measures that can use Cathay Taiwan historical prices to predict the future Cathay Taiwan's volatility.| Risk Adjusted Performance | 0.0662 | |||
| Jensen Alpha | 0.0732 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0073 | |||
| Treynor Ratio | 0.3611 |
Cathay Taiwan 5G Backtested Returns
Currently, Cathay Taiwan 5G is very steady. Cathay Taiwan 5G secures Sharpe Ratio (or Efficiency) of 0.0676, which signifies that the etf had a 0.0676% return per unit of risk over the last 3 months. We have found thirty technical indicators for Cathay Taiwan 5G, which you can use to evaluate the volatility of the entity. Please confirm Cathay Taiwan's Mean Deviation of 0.911, risk adjusted performance of 0.0662, and Downside Deviation of 1.44 to double-check if the risk estimate we provide is consistent with the expected return of 0.0883%. The etf shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cathay Taiwan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cathay Taiwan is expected to be smaller as well.
Auto-correlation | 0.26 |
Poor predictability
Cathay Taiwan 5G has poor predictability. Overlapping area represents the amount of predictability between Cathay Taiwan 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 Taiwan 5G price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Cathay Taiwan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Cathay Taiwan 5G lagged returns against current returns
Autocorrelation, which is Cathay Taiwan 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 Taiwan's etf expected returns. We can calculate the autocorrelation of Cathay Taiwan returns to help us make a trade decision. For example, suppose you find that Cathay Taiwan 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 Taiwan 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 Taiwan etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cathay Taiwan etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cathay Taiwan etf over time.
Current vs Lagged Prices |
| Timeline |
Cathay Taiwan Lagged Returns
When evaluating Cathay Taiwan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cathay Taiwan etf have on its future price. Cathay Taiwan 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 Taiwan autocorrelation shows the relationship between Cathay Taiwan etf current value and its past values and can show if there is a momentum factor associated with investing in Cathay Taiwan 5G.
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 Taiwan 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 Taiwan security.