Cathay General Bancorp Stock Market Value
| CATY Stock | USD 51.51 0.76 1.50% |
| Symbol | Cathay |
Cathay General Bancorp Price To Book Ratio
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cathay General. If investors know Cathay will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cathay General listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.17) | Dividend Share 1.36 | Earnings Share 3.96 | Revenue Per Share 9.991 | Quarterly Revenue Growth (0.06) |
The market value of Cathay General Bancorp is measured differently than its book value, which is the value of Cathay that is recorded on the company's balance sheet. Investors also form their own opinion of Cathay General's value that differs from its market value or its book value, called intrinsic value, which is Cathay General's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cathay General's market value can be influenced by many factors that don't directly affect Cathay General's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cathay General's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cathay General is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cathay General'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 General '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 General'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 General.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Cathay General on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Cathay General Bancorp or generate 0.0% return on investment in Cathay General over 30 days. Cathay General is related to or competes with Glacier Bancorp, Capitol Federal, Byline Bancorp, First Financial, Community West, Heritage Financial, and First Financial. Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products a... More
Cathay General 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 General'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 General Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.4 | |||
| Information Ratio | 0.0954 | |||
| Maximum Drawdown | 17.17 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 3.58 |
Cathay General Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cathay General's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cathay General's standard deviation. In reality, there are many statistical measures that can use Cathay General historical prices to predict the future Cathay General's volatility.| Risk Adjusted Performance | 0.1152 | |||
| Jensen Alpha | 0.0976 | |||
| Total Risk Alpha | 0.0175 | |||
| Sortino Ratio | 0.1593 | |||
| Treynor Ratio | 0.1425 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cathay General's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Cathay General Bancorp Backtested Returns
Cathay General appears to be very steady, given 3 months investment horizon. Cathay General Bancorp secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cathay General Bancorp, which you can use to evaluate the volatility of the firm. Please makes use of Cathay General's Downside Deviation of 1.4, risk adjusted performance of 0.1152, and Mean Deviation of 1.48 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cathay General holds a performance score of 9. The firm shows a Beta (market volatility) of 2.27, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Cathay General will likely underperform. Please check Cathay General's potential upside, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether Cathay General's price patterns will revert.
Auto-correlation | -0.08 |
Very weak reverse predictability
Cathay General Bancorp has very weak reverse predictability. Overlapping area represents the amount of predictability between Cathay General 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 General Bancorp price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Cathay General price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Cathay General Bancorp lagged returns against current returns
Autocorrelation, which is Cathay General 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 General's stock expected returns. We can calculate the autocorrelation of Cathay General returns to help us make a trade decision. For example, suppose you find that Cathay General 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 General 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 General stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cathay General stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cathay General stock over time.
Current vs Lagged Prices |
| Timeline |
Cathay General Lagged Returns
When evaluating Cathay General's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cathay General stock have on its future price. Cathay General 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 General autocorrelation shows the relationship between Cathay General stock current value and its past values and can show if there is a momentum factor associated with investing in Cathay General Bancorp.
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 General's price analysis, check to measure Cathay General'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 General is operating at the current time. Most of Cathay General's value examination focuses on studying past and present price action to predict the probability of Cathay General'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 General's price. Additionally, you may evaluate how the addition of Cathay General to your portfolios can decrease your overall portfolio volatility.