Cathay Nikkei (Taiwan) Price on December 15, 2024
| 00657K Etf | USD 14.26 0.20 1.38% |
If you're considering investing in Cathay Etf, it is important to understand the factors that can impact its price. As of today, the current price of Cathay Nikkei stands at 14.26, as last reported on the 15th of December 2024, with the highest price reaching 14.26 and the lowest price hitting 14.26 during the day. At this point, Cathay Nikkei is very steady. Cathay Nikkei 225 secures Sharpe Ratio (or Efficiency) of 0.0827, which signifies that the etf had a 0.0827% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Cathay Nikkei 225, which you can use to evaluate the volatility of the entity. Please confirm Cathay Nikkei's Risk Adjusted Performance of 0.092, downside deviation of 1.21, and Mean Deviation of 0.9636 to double-check if the risk estimate we provide is consistent with the expected return of 0.0997%.
Cathay Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Cathay |
Sharpe Ratio = 0.0827
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| Cash | 00657K | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.21 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Cathay Nikkei is performing at about 6% 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 Nikkei by adding it to a well-diversified portfolio.
Cathay Nikkei Valuation on December 15, 2024
It is possible to determine the worth of Cathay Nikkei on a given historical date. On December 15, 2024 Cathay was worth 14.26 at the beginning of the trading date compared to the closed value of 14.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cathay Nikkei etf. Still, in general, we apply an absolute valuation method to find Cathay Nikkei's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cathay Nikkei where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cathay Nikkei's related companies.
| Open | High | Low | Close | Volume | |
| 14.26 | 14.26 | 14.26 | 14.26 | 200.00 | |
12/15/2024 | 14.26 | 14.26 | 14.26 | 14.26 | 0.00 |
| Backtest Cathay Nikkei | | | Cathay Nikkei History | | | Cathay Nikkei Valuation | Previous |
Cathay Nikkei Trading Date Momentum on December 15, 2024
| On December 15 2024 Cathay Nikkei 225 was traded for 14.26 at the closing time. The highest price during the trading period was 14.26 and the lowest recorded bid was listed for 14.26 . There was no trading activity during the period 0.0. Lack of trading volume on December 15, 2024 did not affect price variability. The overall trading delta to the current price is 0.00% . |
Cathay Nikkei 225 Fundamentals Correlations and Trends
By evaluating Cathay Nikkei's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cathay Nikkei's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cathay financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cathay Nikkei Etf history
Cathay Nikkei investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cathay is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cathay Nikkei 225 will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cathay Nikkei stock prices may prove useful in developing a viable investing in Cathay Nikkei
Cathay Nikkei Etf Technical Analysis
Cathay Nikkei technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
Cathay Nikkei Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
Cathay Nikkei 225 cannot be verified against its exchange. Please verify the symbol is currently traded on Taiwan Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Cathay Nikkei December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Cathay Nikkei etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cathay Nikkei shares will generate the highest return on investment. By undertsting and applying Cathay Nikkei etf market strength indicators, traders can identify Cathay Nikkei 225 entry and exit signals to maximize returns
Cathay Nikkei Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cathay Nikkei's price direction in advance. Along with the technical and fundamental analysis of Cathay Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cathay to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.092 | |||
| Jensen Alpha | 0.1033 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0415 | |||
| Treynor Ratio | 0.3426 |
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Other Information on Investing in Cathay Etf
Cathay Nikkei 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 Nikkei security.