Cathay SP (Taiwan) Performance
| 00770 Etf | TWD 49.06 0.26 0.53% |
The etf shows a Beta (market volatility) of -0.78, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Cathay SP are expected to decrease at a much lower rate. During the bear market, Cathay SP is likely to outperform the market.
Risk-Adjusted Performance
3 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Cathay SP North are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable basic indicators, Cathay SP is not utilizing all of its potentials. The latest stock price uproar, may contribute to short-horizon losses for the private investors. ...more
Cathay |
Cathay SP Relative Risk vs. Return Landscape
If you would invest 4,736 in Cathay SP North on November 3, 2024 and sell it today you would earn a total of 170.00 from holding Cathay SP North or generate 3.59% return on investment over 90 days. Cathay SP North is generating 0.0745% of daily returns and assumes 1.6386% volatility on return distribution over the 90 days horizon. Simply put, 14% of etfs are less volatile than Cathay, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Cathay SP Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cathay SP's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Cathay SP North, and traders can use it to determine the average amount a Cathay SP's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0455
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | 00770 | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.64 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.07 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Cathay SP is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cathay SP by adding it to a well-diversified portfolio.
Cathay SP Fundamentals Growth
Cathay Etf prices reflect investors' perceptions of the future prospects and financial health of Cathay SP, and Cathay SP fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Cathay Etf performance.
| Total Asset | 150.46 M | |||
About Cathay SP Performance
Assessing Cathay SP's fundamental ratios provides investors with valuable insights into Cathay SP's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Cathay SP is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
CATHAY SECS is traded on Taiwan Stock Exchange in Taiwan.| Cathay SP North is not yet fully synchronised with the market data | |
| The fund holds 84.61% of its total net assets in equities |
Other Information on Investing in Cathay Etf
Cathay SP 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 SP security.