Cathay Financial (Taiwan) Market Value
| 2882 Stock | TWD 67.30 0.50 0.75% |
| Symbol | Cathay |
Cathay Financial '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 Financial'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 Financial.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Cathay Financial on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Cathay Financial Holding or generate 0.0% return on investment in Cathay Financial over 30 days. Cathay Financial is related to or competes with Fubon Financial, CTBC Financial, Mega Financial, First Financial, and Formosa Plastics. Cathay Financial Holding Co., Ltd., through its subsidiaries, provides various financial services in Taiwan More
Cathay Financial 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 Financial'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 Financial Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 7.2 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.89 |
Cathay Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cathay Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cathay Financial's standard deviation. In reality, there are many statistical measures that can use Cathay Financial historical prices to predict the future Cathay Financial's volatility.| Risk Adjusted Performance | 0.0778 | |||
| Jensen Alpha | 0.1116 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 6.88 |
Cathay Financial Holding Backtested Returns
At this stage we consider Cathay Stock to be very steady. Cathay Financial Holding secures Sharpe Ratio (or Efficiency) of 0.0831, which signifies that the company had a 0.0831% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Cathay Financial Holding, which you can use to evaluate the volatility of the firm. Please confirm Cathay Financial's Risk Adjusted Performance of 0.0778, mean deviation of 0.9938, and Downside Deviation of 1.26 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. Cathay Financial has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0165, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cathay Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cathay Financial is expected to be smaller as well. Cathay Financial Holding right now shows a risk of 1.22%. Please confirm Cathay Financial Holding information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Cathay Financial Holding will be following its price patterns.
Auto-correlation | 0.06 |
Virtually no predictability
Cathay Financial Holding has virtually no predictability. Overlapping area represents the amount of predictability between Cathay Financial time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Financial Holding price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Cathay Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Cathay Financial Holding lagged returns against current returns
Autocorrelation, which is Cathay Financial 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 Financial's stock expected returns. We can calculate the autocorrelation of Cathay Financial returns to help us make a trade decision. For example, suppose you find that Cathay Financial 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 Financial 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 Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cathay Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cathay Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Cathay Financial Lagged Returns
When evaluating Cathay Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cathay Financial stock have on its future price. Cathay Financial 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 Financial autocorrelation shows the relationship between Cathay Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Cathay Financial Holding.
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 Financial's price analysis, check to measure Cathay Financial'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 Financial is operating at the current time. Most of Cathay Financial's value examination focuses on studying past and present price action to predict the probability of Cathay Financial'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 Financial's price. Additionally, you may evaluate how the addition of Cathay Financial to your portfolios can decrease your overall portfolio volatility.