Cathay SP One Year Return vs. Equity Positions Weight
| 00770 Etf | TWD 50.60 0.10 0.20% |
For Cathay SP profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Cathay SP to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Cathay SP North utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Cathay SP's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Cathay SP North over time as well as its relative position and ranking within its peers.
Cathay |
Cathay SP North Equity Positions Weight vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Cathay SP's current stock value. Our valuation model uses many indicators to compare Cathay SP value to that of its competitors to determine the firm's financial worth. Cathay SP North is third largest ETF in one year return as compared to similar ETFs. It is rated below average in equity positions weight as compared to similar ETFs making about 1.55 of Equity Positions Weight per One Year Return. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Cathay SP's earnings, one of the primary drivers of an investment's value.Cathay Equity Positions Weight vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Cathay SP |
| = | 54.48 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
Cathay SP |
| = | 84.61 % |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
Cathay Equity Positions Weight Comparison
Cathay SP is rated below average in equity positions weight as compared to similar ETFs.
Cathay SP Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Cathay SP, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Cathay SP will eventually generate negative long term returns. The profitability progress is the general direction of Cathay SP's change in net profit over the period of time. It can combine multiple indicators of Cathay SP, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
CATHAY SECS is traded on Taiwan Stock Exchange in Taiwan.
Cathay Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Cathay SP. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Cathay SP position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Cathay SP's important profitability drivers and their relationship over time.
Use Cathay SP in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cathay SP position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cathay SP will appreciate offsetting losses from the drop in the long position's value.Cathay SP Pair Trading
Cathay SP North Pair Trading Analysis
The ability to find closely correlated positions to Cathay SP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cathay SP when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cathay SP - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cathay SP North to buy it.
The correlation of Cathay SP is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cathay SP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cathay SP North moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cathay SP can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Cathay SP position
In addition to having Cathay SP in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Driverless Cars Thematic Idea Now
Driverless Cars
It encompasses large technology companies, automotive makers, security firms, and thematic ETFs across multiple industries. These entities are directly or indirectly involved in shaping the development and marketing of self-driving vehicles. The Driverless Cars theme has 36 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Driverless Cars Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in Cathay Etf
To fully project Cathay SP's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Cathay SP North at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Cathay SP's income statement, its balance sheet, and the statement of cash flows.