Cathay Financial (Taiwan) Market Value

2882B Stock  TWD 59.50  0.10  0.17%   
Cathay Financial's market value is the price at which a share of Cathay Financial trades on a public exchange. It measures the collective expectations of Cathay Financial Holding investors about its performance. Cathay Financial is selling for under 59.50 as of the 25th of November 2024; that is 0.17 percent increase since the beginning of the trading day. The stock's last reported lowest price was 59.4.
With this module, you can estimate the performance of a buy and hold strategy of Cathay Financial Holding and determine expected loss or profit from investing in Cathay Financial over a given investment horizon. Check out Cathay Financial Correlation, Cathay Financial Volatility and Cathay Financial Alpha and Beta module to complement your research on Cathay Financial.
Symbol

Please note, there is a significant difference between Cathay Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cathay Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cathay Financial'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 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.
0.00
12/06/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
11/25/2024
0.00
If you would invest  0.00  in Cathay Financial on December 6, 2022 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 720 days. Cathay Financial is related to or competes with United Radiant, Tainet Communication, China Airlines, WinMate Communication, Integrated Service, and Cameo Communications. Cathay Financial Holding Co., Ltd., through its subsidiaries, provides various financial services in Taiwan and other co... 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.

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.
Hype
Prediction
LowEstimatedHigh
59.2259.5059.78
Details
Intrinsic
Valuation
LowRealHigh
49.0749.3565.45
Details
Naive
Forecast
LowNextHigh
59.8960.1760.45
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
58.6259.1159.60
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Cathay Financial. Your research has to be compared to or analyzed against Cathay Financial's peers to derive any actionable benefits. When done correctly, Cathay Financial's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Cathay Financial Holding.

Cathay Financial Holding Backtested Returns

Currently, Cathay Financial Holding is very steady. Cathay Financial Holding secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the company had a 0.25% return per unit of risk over the last 3 months. We have found twenty-nine 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 0.1584, mean deviation of 0.1857, and Coefficient Of Variation of 434.58 to double-check if the risk estimate we provide is consistent with the expected return of 0.0685%. Cathay Financial has a performance score of 19 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0022, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cathay Financial are expected to decrease at a much lower rate. During the bear market, Cathay Financial is likely to outperform the market. Cathay Financial Holding right now shows a risk of 0.28%. Please confirm Cathay Financial Holding variance, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Cathay Financial Holding will be following its price patterns.

Auto-correlation

    
  -0.32  

Poor reverse predictability

Cathay Financial Holding has poor reverse predictability. Overlapping area represents the amount of predictability between Cathay Financial time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 -0.32 indicates that nearly 32.0% of current Cathay Financial price fluctuation can be explain by its past prices.
Correlation Coefficient-0.32
Spearman Rank Test-0.36
Residual Average0.0
Price Variance1.18

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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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.