Cathay Financial (Taiwan) Price on May 23, 2024
| 2882 Stock | TWD 65.70 0.60 0.90% |
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 Financial stands at 65.70, as last reported on the 1st of December, with the highest price reaching 66.10 and the lowest price hitting 65.00 during the day. At this stage we consider Cathay Stock to be very steady. Cathay Financial Holding secures Sharpe Ratio (or Efficiency) of 0.026, which signifies that the company had a 0.026% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cathay Financial Holding, which you can use to evaluate the volatility of the firm. Please confirm Cathay Financial's Mean Deviation of 0.9473, risk adjusted performance of 0.0411, and Downside Deviation of 1.24 to double-check if the risk estimate we provide is consistent with the expected return of 0.0309%.
Cathay Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cathay |
Sharpe Ratio = 0.026
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| Negative Returns | 2882 |
Estimated Market Risk
| 1.19 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Cathay Financial is performing at about 2% 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 Financial by adding it to a well-diversified portfolio.
Cathay Financial Valuation on May 23, 2024
It is possible to determine the worth of Cathay Financial on a given historical date. On May 23, 2024 Cathay was worth 55.2 at the beginning of the trading date compared to the closed value of 54.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cathay Financial stock. Still, in general, we apply an absolute valuation method to find Cathay Financial'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 Financial where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cathay Financial's related companies.
| Open | High | Low | Close | Volume | |
| 55.50 | 56.00 | 55.30 | 56.00 | 18,502,022 | |
05/23/2024 | 55.20 | 55.40 | 54.60 | 54.80 | 29,820,556 |
| 54.40 | 55.30 | 54.40 | 54.90 | 15,696,064 |
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Cathay Financial Trading Date Momentum on May 23, 2024
| On May 24 2024 Cathay Financial Holding was traded for 54.90 at the closing time. The highest price during the trading period was 55.30 and the lowest recorded bid was listed for 54.40 . The volume for the day was 15.7 M. This history from May 24, 2024 contributed to the next trading day price increase. The daily price change to the next closing price was 0.18% . The overall trading delta to the current price is 3.28% . |
Cathay Financial Holding Fundamentals Correlations and Trends
By evaluating Cathay Financial'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 Financial'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 Financial Stock history
Cathay Financial 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 Financial Holding 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 Financial stock prices may prove useful in developing a viable investing in Cathay Financial
Cathay Financial Holding Co., Ltd., through its subsidiaries, provides various financial services in Taiwan. Cathay Financial Holding Co., Ltd. was founded in 2001 and is based in Taipei City, Taiwan. CATHAY FINANCIAL operates under Asset Management classification in Taiwan and is traded on Taiwan Stock Exchange. It employs 54520 people.
Cathay Financial Stock Technical Analysis
Cathay Financial 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.
Price Boundaries
Cathay Financial Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Cathay Financial Holding 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 Financial December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Cathay Financial 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 Financial shares will generate the highest return on investment. By undertsting and applying Cathay Financial stock market strength indicators, traders can identify Cathay Financial Holding entry and exit signals to maximize returns
Cathay Financial Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cathay Financial'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.
| Risk Adjusted Performance | 0.0411 | |||
| Jensen Alpha | 0.0376 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.5578 |
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Additional Tools for Cathay Stock Analysis
When running Cathay Financial's price analysis, check to measure Cathay Financial'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 Financial is operating at the current time. Most of Cathay Financial's value examination focuses on studying past and present price action to predict the probability of Cathay Financial'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 Financial's price. Additionally, you may evaluate how the addition of Cathay Financial to your portfolios can decrease your overall portfolio volatility.