Cato Corporation Stock Price on July 30, 2024
If you're considering investing in Cato Stock, it is important to understand the factors that can impact its price. Cato secures Sharpe Ratio (or Efficiency) of -0.0419, which signifies that the company had a -0.0419% return per unit of risk over the last 3 months. Cato Corporation exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cato's Mean Deviation of 3.69, standard deviation of 5.71, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide.
Cato Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cato |
Sharpe Ratio = -0.0419
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Estimated Market Risk
5.71 actual daily | 50 50% of assets are less volatile |
Expected Return
-0.24 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cato 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 Cato by adding Cato 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
Cato Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
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Cato December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Cato stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cato shares will generate the highest return on investment. By undertsting and applying Cato stock market strength indicators, traders can identify Cato Corporation entry and exit signals to maximize returns
Cato Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cato's price direction in advance. Along with the technical and fundamental analysis of Cato Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cato 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 | (0.02) | |||
Jensen Alpha | (0.22) | |||
Total Risk Alpha | (0.41) | |||
Treynor Ratio | 0.1662 |
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Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Other Tools for Cato Stock
When running Cato's price analysis, check to measure Cato'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 Cato is operating at the current time. Most of Cato's value examination focuses on studying past and present price action to predict the probability of Cato's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cato's price. Additionally, you may evaluate how the addition of Cato to your portfolios can decrease your overall portfolio volatility.
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