Cathay Nasdaq (Taiwan) Price on December 15, 2024
If you're considering investing in Cathay Etf, it is important to understand the factors that can impact its price. Cathay Nasdaq appears to be very steady, given 3 months investment horizon. Cathay Nasdaq AI secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the etf had a 0.22% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Cathay Nasdaq AI, which you can use to evaluate the volatility of the entity. Please makes use of Cathay Nasdaq's Downside Deviation of 1.17, mean deviation of 0.7757, and Risk Adjusted Performance of 0.1591 to double-check if our risk estimates are consistent with your expectations.
Cathay Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
Cathay |
Sharpe Ratio = 0.2151
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | 00737 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.06 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.23 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 16 84% of assets perform better |
Based on monthly moving average Cathay Nasdaq is performing at about 16% 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 Nasdaq by adding it to a well-diversified portfolio.
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.
Price Boundaries
Cathay Nasdaq Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
Cathay Nasdaq AI 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 Nasdaq December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how Cathay Nasdaq 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 Nasdaq shares will generate the highest return on investment. By undertsting and applying Cathay Nasdaq etf market strength indicators, traders can identify Cathay Nasdaq AI entry and exit signals to maximize returns
Cathay Nasdaq Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cathay Nasdaq'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 | 0.1591 | |||
| Jensen Alpha | 0.1859 | |||
| Total Risk Alpha | 0.0864 | |||
| Sortino Ratio | 0.1094 | |||
| Treynor Ratio | 0.6051 |
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Other Information on Investing in Cathay Etf
Cathay Nasdaq 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 Nasdaq security.