Cathay Nikkei (Taiwan) Market Value
| 00657K Etf | USD 14.26 0.20 1.38% |
| Symbol | Cathay |
Cathay Nikkei 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cathay Nikkei's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cathay Nikkei.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Cathay Nikkei on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Cathay Nikkei 225 or generate 0.0% return on investment in Cathay Nikkei over 30 days. Cathay Nikkei is related to or competes with YuantaP Shares, Yuanta Daily, Yuanta Daily, Fubon FTSE, Fuh Hwa, Paradigm, and Yuanta Daily. CATHAY SECS is traded on Taiwan Stock Exchange in Taiwan. More
Cathay Nikkei Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cathay Nikkei's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Cathay Nikkei 225 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | 0.0404 | |||
| Maximum Drawdown | 5.68 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 2.42 |
Cathay Nikkei Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cathay Nikkei's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cathay Nikkei's standard deviation. In reality, there are many statistical measures that can use Cathay Nikkei historical prices to predict the future Cathay Nikkei's volatility.| Risk Adjusted Performance | 0.092 | |||
| Jensen Alpha | 0.1033 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0415 | |||
| Treynor Ratio | 0.3426 |
Cathay Nikkei 225 Backtested Returns
At this point, Cathay Nikkei is very steady. Cathay Nikkei 225 secures Sharpe Ratio (or Efficiency) of 0.0827, which signifies that the etf had a 0.0827% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Cathay Nikkei 225, which you can use to evaluate the volatility of the entity. Please confirm Cathay Nikkei's Mean Deviation of 0.9636, risk adjusted performance of 0.092, and Downside Deviation of 1.21 to double-check if the risk estimate we provide is consistent with the expected return of 0.0997%. The etf shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cathay Nikkei's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cathay Nikkei is expected to be smaller as well.
Auto-correlation | -0.52 |
Good reverse predictability
Cathay Nikkei 225 has good reverse predictability. Overlapping area represents the amount of predictability between Cathay Nikkei time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cathay Nikkei 225 price movement. The serial correlation of -0.52 indicates that about 52.0% of current Cathay Nikkei price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Cathay Nikkei 225 lagged returns against current returns
Autocorrelation, which is Cathay Nikkei etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Cathay Nikkei's etf expected returns. We can calculate the autocorrelation of Cathay Nikkei returns to help us make a trade decision. For example, suppose you find that Cathay Nikkei has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Cathay Nikkei regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cathay Nikkei etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cathay Nikkei etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cathay Nikkei etf over time.
Current vs Lagged Prices |
| Timeline |
Cathay Nikkei Lagged Returns
When evaluating Cathay Nikkei's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cathay Nikkei etf have on its future price. Cathay Nikkei autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Cathay Nikkei autocorrelation shows the relationship between Cathay Nikkei etf current value and its past values and can show if there is a momentum factor associated with investing in Cathay Nikkei 225.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Cathay Etf
Cathay Nikkei 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 Nikkei security.