Cathay Biotech (China) Price on November 27, 2023
| 688065 Stock | 42.84 0.22 0.51% |
Below is the normalized historical share price chart for Cathay Biotech extending back to August 12, 2020. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Cathay Biotech stands at 42.84, as last reported on the 19th of December, with the highest price reaching 43.49 and the lowest price hitting 42.76 during the day.
If you're considering investing in Cathay Stock, it is important to understand the factors that can impact its price. Cathay Biotech appears to be not too volatile, given 3 months investment horizon. Cathay Biotech secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. By analyzing Cathay Biotech's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please makes use of Cathay Biotech's Risk Adjusted Performance of 0.0912, mean deviation of 2.59, and Downside Deviation of 2.56 to double-check if our risk estimates are consistent with your expectations.
The current year's Common Stock Shares Outstanding is expected to grow to about 628.8 M, whereas Total Stockholder Equity is forecasted to decline to about 10.5 B. . Cathay Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 43.8282 | 50 Day MA 46.5782 | Beta 0.627 |
Cathay |
Sharpe Ratio = 0.125
| Best Portfolio | Best Equity | |||
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| Small Returns | 688065 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.21 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.53 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 9 91% of assets perform better |
Based on monthly moving average Cathay Biotech is performing at about 9% 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 Biotech by adding it to a well-diversified portfolio.
Price Book 2.2061 | Enterprise Value Ebitda 45.825 | Price Sales 9.0427 | Shares Float 214.5 M | Dividend Share 0.19 |
Cathay Biotech Valuation on November 27, 2023
It is possible to determine the worth of Cathay Biotech on a given historical date. On November 27, 2023 Cathay was worth 51.74 at the beginning of the trading date compared to the closed value of 51.73. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cathay Biotech stock. Still, in general, we apply an absolute valuation method to find Cathay Biotech'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 Biotech where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cathay Biotech's related companies.
| Open | High | Low | Close | Volume | |
| 51.75 | 51.76 | 51.29 | 51.66 | 1,192,573 | |
11/27/2023 | 51.74 | 52.10 | 51.35 | 51.73 | 1,803,859 |
| 51.73 | 52.21 | 51.49 | 51.99 | 2,045,901 |
| Backtest Cathay Biotech | | | Cathay Biotech History | | | Cathay Biotech Valuation | Previous | Next |
Cathay Biotech Trading Date Momentum on November 27, 2023
| On November 28 2023 Cathay Biotech was traded for 51.99 at the closing time. The highest price during the trading period was 52.21 and the lowest recorded bid was listed for 51.49 . The volume for the day was 2 M. This history from November 28, 2023 contributed to the next trading day price jump. The daily price change to the next closing price was 0.50% . The overall trading delta to the current price is 2.63% . |
Cathay Biotech Fundamentals Correlations and Trends
By evaluating Cathay Biotech'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 Biotech'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 Biotech Stock history
Cathay Biotech 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 Biotech 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 Biotech stock prices may prove useful in developing a viable investing in Cathay Biotech
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 583.4 M | 628.8 M |
Cathay Biotech Quarterly Net Working Capital |
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Cathay Biotech Stock Technical Analysis
Cathay Biotech 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 Biotech Period Price Range
Low | December 19, 2024
| High |
0.00 | 0.00 |
Cathay Biotech cannot be verified against its exchange. Please verify the symbol is currently traded on Shanghai 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 Biotech December 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Cathay Biotech 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 Biotech shares will generate the highest return on investment. By undertsting and applying Cathay Biotech stock market strength indicators, traders can identify Cathay Biotech entry and exit signals to maximize returns
Cathay Biotech Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cathay Biotech'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 | 0.0912 | |||
| Jensen Alpha | 0.4184 | |||
| Total Risk Alpha | 0.3153 | |||
| Sortino Ratio | 0.1538 | |||
| Treynor Ratio | (1.33) |
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| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Cathay Stock analysis
When running Cathay Biotech's price analysis, check to measure Cathay Biotech'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 Biotech is operating at the current time. Most of Cathay Biotech's value examination focuses on studying past and present price action to predict the probability of Cathay Biotech'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 Biotech's price. Additionally, you may evaluate how the addition of Cathay Biotech to your portfolios can decrease your overall portfolio volatility.
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