Cathay Global (Taiwan) Performance
| 00893 Etf | 25.21 0.32 1.25% |
The etf shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cathay Global are expected to decrease at a much lower rate. During the bear market, Cathay Global is likely to outperform the market.
Risk-Adjusted Performance
Insignificant
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Cathay Global Autonomous are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable basic indicators, Cathay Global is not utilizing all of its potentials. The newest stock price uproar, may contribute to short-horizon losses for the private investors. ...more
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Cathay Global Relative Risk vs. Return Landscape
If you would invest 2,438 in Cathay Global Autonomous on November 27, 2024 and sell it today you would earn a total of 83.00 from holding Cathay Global Autonomous or generate 3.4% return on investment over 90 days. Cathay Global Autonomous is generating 0.0733% of daily returns and assumes 1.6517% 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 |
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Cathay Global Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cathay Global's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Cathay Global Autonomous, and traders can use it to determine the average amount a Cathay Global'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 = 0.0444
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| Cash | Small Risk | 00893 | High Risk | Huge Risk |
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Estimated Market Risk
| 1.65 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
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Cathay Global 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 Global by adding it to a well-diversified portfolio.