Cathay Chemical (Taiwan) Price on October 2, 2023

1713 Stock  TWD 46.65  0.80  1.69%   
If you're considering investing in Cathay Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cathay Chemical stands at 46.65, as last reported on the 14th of December 2024, with the highest price reaching 47.30 and the lowest price hitting 46.65 during the day. Cathay Chemical Works secures Sharpe Ratio (or Efficiency) of -0.22, which signifies that the company had a -0.22% return per unit of risk over the last 3 months. Cathay Chemical Works exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cathay Chemical's Risk Adjusted Performance of (0.15), standard deviation of 0.892, and Mean Deviation of 0.7018 to double-check the risk estimate we provide.
  
Cathay Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.2212

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Estimated Market Risk

 0.91
  actual daily
8
92% of assets are more volatile

Expected Return

 -0.2
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.22
  actual daily
0
Most of other assets perform better
Based on monthly moving average Cathay Chemical is not performing at its full potential. However, 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 Chemical by adding Cathay Chemical to a well-diversified portfolio.

Cathay Chemical Valuation on October 2, 2023

It is possible to determine the worth of Cathay Chemical on a given historical date. On October 2, 2023 Cathay was worth 35.2 at the beginning of the trading date compared to the closed value of 35.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cathay Chemical stock. Still, in general, we apply an absolute valuation method to find Cathay Chemical'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 Chemical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cathay Chemical's related companies.
 Open High Low Close Volume
  34.90    35.20    34.80    35.00    74,010  
10/02/2023
  35.20    35.20    34.40    35.00    97,900  
  34.90    35.00    34.80    34.90    29,000  
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Open Value
35.2
35.0
Closing Value
37.93
Upside

Cathay Chemical Trading Date Momentum on October 2, 2023

On October 03 2023 Cathay Chemical Works was traded for  34.90  at the closing time. The highest price during the trading period was 35.00  and the lowest recorded bid was listed for  34.80 . The volume for the day was 29 K. This history from October 3, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 0.29% . The overall trading delta to the current price is 0.86% .

Cathay Chemical Works Fundamentals Correlations and Trends

By evaluating Cathay Chemical'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 Chemical'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 Chemical Stock history

Cathay Chemical 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 Chemical Works 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 Chemical stock prices may prove useful in developing a viable investing in Cathay Chemical
Cathay Chemical Works Inc. imports, manufactures, and sells specialty and fine chemicals under the CATHAY brand in Taiwan. Cathay Chemical Works Inc. was founded in 1962 and is based in Taipei, Taiwan. CATHAY CHEMICAL operates under Specialty Chemicals classification in Taiwan and is traded on Taiwan Stock Exchange. It employs 95 people.

Cathay Chemical Stock Technical Analysis

Cathay Chemical technical stock 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, stock market cycles, or different charting patterns.
A focus of Cathay Chemical technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cathay Chemical trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Cathay Chemical Period Price Range

Low
December 14, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Cathay Chemical Works 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 Chemical December 14, 2024 Market Strength

Market strength indicators help investors to evaluate how Cathay Chemical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cathay Chemical shares will generate the highest return on investment. By undertsting and applying Cathay Chemical stock market strength indicators, traders can identify Cathay Chemical Works entry and exit signals to maximize returns

Cathay Chemical Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Cathay Chemical's price direction in advance. Along with the technical and fundamental analysis of Cathay Stock 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.

Additional Tools for Cathay Stock Analysis

When running Cathay Chemical's price analysis, check to measure Cathay Chemical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cathay Chemical is operating at the current time. Most of Cathay Chemical's value examination focuses on studying past and present price action to predict the probability of Cathay Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cathay Chemical's price. Additionally, you may evaluate how the addition of Cathay Chemical to your portfolios can decrease your overall portfolio volatility.