Cathay Real (Taiwan) Market Value
| 2501 Stock | TWD 25.60 0.55 2.20% |
| Symbol | Cathay |
Cathay Real '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 Real's stock 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 Real.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Cathay Real on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Cathay Real Estate or generate 0.0% return on investment in Cathay Real over 720 days. Cathay Real is related to or competes with Chainqui Construction, Zinwell, Symtek Automation, CTCI Corp, Information Technology, SYN Tech, and Giant Manufacturing. ,Ltd. engages in the construction and development business in Taiwan More
Cathay Real 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 Real's stock 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 Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 9.87 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 2.4 |
Cathay Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cathay Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cathay Real's standard deviation. In reality, there are many statistical measures that can use Cathay Real historical prices to predict the future Cathay Real's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.25) |
Cathay Real Estate Backtested Returns
Cathay Real Estate secures Sharpe Ratio (or Efficiency) of -0.0371, which signifies that the company had a -0.0371% return per unit of risk over the last 3 months. Cathay Real Estate exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cathay Real's Mean Deviation of 1.38, risk adjusted performance of (0.04), and Standard Deviation of 1.9 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cathay Real's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cathay Real is expected to be smaller as well. At this point, Cathay Real Estate has a negative expected return of -0.0709%. Please make sure to confirm Cathay Real's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Cathay Real Estate performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.08 |
Very weak reverse predictability
Cathay Real Estate has very weak reverse predictability. Overlapping area represents the amount of predictability between Cathay Real time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Real Estate price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Cathay Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 39.28 |
Cathay Real Estate lagged returns against current returns
Autocorrelation, which is Cathay Real stock'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 Real's stock expected returns. We can calculate the autocorrelation of Cathay Real returns to help us make a trade decision. For example, suppose you find that Cathay Real has exhibited high autocorrelation historically, and you observe that the stock 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 Real 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 Real stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cathay Real stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cathay Real stock over time.
Current vs Lagged Prices |
| Timeline |
Cathay Real Lagged Returns
When evaluating Cathay Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cathay Real stock have on its future price. Cathay Real 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 Real autocorrelation shows the relationship between Cathay Real stock current value and its past values and can show if there is a momentum factor associated with investing in Cathay Real Estate.
Regressed Prices |
| Timeline |
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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.Additional Tools for Cathay Stock Analysis
When running Cathay Real's price analysis, check to measure Cathay Real's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cathay Real is operating at the current time. Most of Cathay Real's value examination focuses on studying past and present price action to predict the probability of Cathay Real's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cathay Real's price. Additionally, you may evaluate how the addition of Cathay Real to your portfolios can decrease your overall portfolio volatility.